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Justera Health (Justera Health) Cash-to-Debt : 0.29 (As of Dec. 2023)


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What is Justera Health 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. Justera Health's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.29.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Justera Health couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SCRSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28   Med: 1.96   Max: 3.64
Current: 0.28

During the past 4 years, Justera Health's highest Cash to Debt Ratio was 3.64. The lowest was 0.28. And the median was 1.96.

SCRSF's Cash-to-Debt is ranked worse than
75.33% of 227 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.27 vs SCRSF: 0.28

Justera Health Cash-to-Debt Historical Data

The historical data trend for Justera Health'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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Justera Health Cash-to-Debt Chart

Justera Health Annual Data
Trend Dec19 Dec20 Dec22 Dec23
Cash-to-Debt
- - 3.66 0.29

Justera Health Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.66 1.48 - - 0.29

Competitive Comparison of Justera Health's Cash-to-Debt

For the Diagnostics & Research subindustry, Justera Health'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.

Justera Health's Cash-to-Debt Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Justera Health's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Justera Health's Cash-to-Debt falls into.


Justera Health 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.

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

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=0.071 / (0.063 + 0.186)
=0.29

Justera Health's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=0.071 / (0.063 + 0.186)
=0.29

* 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.

Justera Health  (OTCPK:SCRSF) 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.

Justera Health Cash-to-Debt Related Terms

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Justera Health (Justera Health) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Justera Health Ltd (OTCPK:SCRSF) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
VTAL:Canada
Address
2300 Yonge Street, Suite 2802, Toronto, ON, CAN, M4P 1E4
Website
https://www.justerahealth.com
Justera Health Ltd is a Health and Wellness management company. It provides professional health and medical solutions to Canadians with a focus on concierge medical services. It provides Screen Pro Security, Naturevan, and concierge medical services, It also offers personalized health care services such as IV vitamin therapy, personal home care, nurse care, on-call urgent medical care, nutrition, and health screening services, such as COVID-19 test ingesting.