Balance sheetRatio

21 Swiss Exchange companies holding more cash than all their debt

21companies

Cash and equivalents exceed every borrowing on the balance sheet, so net debt measured against earnings is negative.

Stocks · Non-US shares · Swiss Exchange (SIX) · Ranked by Net debt to EBITDA in times, most cash on the balance sheet first · Rebuilt 2026-11-06 at 13:25 UTC

How this list is built

Net debt is every borrowing on the newest filed balance sheet less cash and equivalents, over EBITDA from the same year's income statement. The list is ordered by how much of the balance sheet is cash, because a near-zero EBITDA makes the ratio enormous without making the company any richer. The screen: companies listed on Swiss Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 136 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-06.

The list

21 of 21 companies

Owes less than it holds in cash, ranked by Net debt to EBITDA, most cash on the balance sheet first
#	Company	Market	Sector	Net debt to EBITDA, in times	Debt to equity, in ratio	Current ratio, in ratio	Tangible equity ratio, in ratio	Net debt to EBITDA over time	Source
1	SIX:INRNInterroll Holding AG	SIX	Industrials	-2.3x	0.02	4.67	0.81	Net debt to EBITDA, net debt to ebitda: -0.58 on 2016-12-31 to -2.25 on 2025-12-31, down 288%.	Source n/a
2	SIX:SQNSwissquote Group Holding Ltd	SIX	Financial Services	-9.4x	0.25	23.65	0.07	n/a	Source n/a
3	SIX:RIENRieter Holding AG	SIX	Industrials	-3.6x	0.41	2.15	0.40	Net debt to EBITDA, net debt to ebitda: -2.61 on 2016-12-31 to -3.61 on 2025-12-31, down 38%.	Source n/a
4	SIX:CFTCompagnie Financière Tradition S.A.	SIX	Financial Services	-0.3x	0.52	31.51	0.40	n/a	Source n/a
5	SIX:EMSNEms-Chemie Holding AG	SIX	Basic Materials	-0.9x	0.02	5.98	0.83	Net debt to EBITDA, net debt to ebitda: -0.34 on 2019-12-31 to -0.94 on 2025-12-31, down 176%.	Source n/a
6	SIX:VZNVZ Holding AG	SIX	Financial Services	-3.1x	0.61	38.66	0.14	n/a	Source n/a
7	SIX:LLBNLiechtensteinische Landesbank AG	SIX	Financial Services	-5.2x	1.86	4.73	0.07	n/a	Source n/a
8	SIX:SCHNSchindler Holding AG	SIX	Industrials	-0.9x	0.13	1.50	0.35	Net debt to EBITDA, net debt to ebitda: -1.35 on 2016-12-31 to -0.94 on 2025-12-31, up 30%.	Source n/a
9	SIX:SENSSensirion Holding AG	SIX	Technology	-1.1x	0.00	4.75	0.81	Net debt to EBITDA, net debt to ebitda: -4.27 on 2018-12-31 to -1.15 on 2025-12-31, up 73%.	Source n/a
10	SIX:COTNComet Holding AG	SIX	Technology	-0.1x	0.30	1.77	0.58	Net debt to EBITDA, net debt to ebitda: 0.79 on 2018-12-31 to -0.13 on 2025-12-31, down 116%.	Source n/a
11	SIX:BUCNBucher Industries AG	SIX	Industrials	-1.5x	0.01	2.27	0.66	Net debt to EBITDA, net debt to ebitda: -0.68 on 2023-12-31 to -1.48 on 2025-12-31, down 118%.	Source n/a
12	SIX:EFGNEFG International AG	SIX	Financial Services	-3.7x	1.43	0.15	0.05	n/a	Source n/a
13	SIX:VPBNVP Bank AG	SIX	Financial Services	-6.9x	0.64	2.51	0.10	n/a	Source n/a
14	SIX:SWTQSchweiter Technologies AG	SIX	Basic Materials	-0.2x	0.15	2.22	0.60	Net debt to EBITDA, net debt to ebitda: -1.57 on 2016-12-31 to -0.17 on 2025-12-31, up 89%.	Source n/a
15	SIX:TXGNTX Group AG	SIX	Communication Services	-0.6x	0.09	1.24	0.54	Net debt to EBITDA, net debt to ebitda: -1.14 on 2019-12-31 to -0.62 on 2025-12-31, up 46%.	Source n/a
16	SIX:FORNForbo Holding AG	SIX	Consumer Cyclical	-0.3x	0.07	2.72	0.63	Net debt to EBITDA, net debt to ebitda: -1.08 on 2016-12-31 to -0.30 on 2025-12-31, up 72%.	Source n/a
17	SIX:UHRThe Swatch Group AG	SIX	Consumer Cyclical	-1.7x	0.003	9.76	0.86	Net debt to EBITDA, net debt to ebitda: -0.74 on 2019-12-31 to -1.66 on 2025-12-31, down 124%.	Source n/a
18	SIX:UHRNThe Swatch Group AG	SIX	Consumer Cyclical	-1.7x	0.003	9.76	0.86	Net debt to EBITDA, net debt to ebitda: -0.74 on 2019-12-31 to -1.66 on 2025-12-31, down 124%.	Source n/a
19	SIX:SWONSoftwareONE Holding AG	SIX	Technology	-1.9x	0.08	0.91	-0.18	Net debt to EBITDA, net debt to ebitda: -1.50 on 2019-12-31 to -1.90 on 2025-12-31, down 27%.	Source n/a
20	SIX:HBANHelvetia Holding AG	SIX	Financial Services	-0.03x	0.33	0.05	0.04	n/a	Source n/a
21	SIX:VAHNVaudoise Assurances Holding S.A.	SIX	Financial Services	-0.4x	0.06	0.06	0.29	n/a	Source n/a

Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.