029 Group SE (XTER:Z29) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is 029 Group SE Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. 029 Group SE's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, 029 Group SE could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for 029 Group SE's Cash-to-Debt or its related term are showing as below:

XTER:Z29' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, 029 Group SE's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XTER:Z29's Cash-to-Debt is ranked better than
99.93% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs XTER:Z29: No Debt

029 Group SE Cash-to-Debt Historical Data

The historical data trend for 029 Group SE's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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029 Group SE Cash-to-Debt Chart

029 Group SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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N/A

No Debt

029 Group SE Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	N/A	No Debt	No Debt	No Debt

Competitive Comparison of 029 Group SE's Cash-to-Debt

For the Asset Management subindustry, 029 Group SE's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

029 Group SE's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 029 Group SE's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 029 Group SE's Cash-to-Debt falls into.

029 Group SE Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

029 Group SE's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

029 Group SE had no debt ⁽¹⁾.

029 Group SE's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

029 Group SE had no debt ⁽¹⁾.

029 Group SE (XTER:Z29) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

029 Group SE Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of 029 Group SE's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

029 Group SE (XTER:Z29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 029 Group SE (XTER:Z29) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

Z29:Germany

Address

Neue Schonhauserstr. 3-5, Berlin, DEU, 10178

Website

https://www.029-group.com/de

029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company investment is focused on two business sectors which are Hospitality and Lifestyle. The company operates in three segments Hospitality, Enabling Technologies, and Consumer Brands.

029 Group SE (XTER:Z29) Headlines

No Headlines

029 Group SE (XTER:Z29) Cash-to-Debt : No Debt (1) (As of Dec. 2023)