ADM Tronics Unlimited (ADM Tronics Unlimited) Cash-to-Debt : 0.75 (As of Dec. 2023)

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What is ADM Tronics Unlimited 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. ADM Tronics Unlimited's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.75.

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, ADM Tronics Unlimited 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 ADM Tronics Unlimited's Cash-to-Debt or its related term are showing as below:

ADMT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53 Med: 1.72 Max: 24.28
Current: 0.75

During the past 13 years, ADM Tronics Unlimited's highest Cash to Debt Ratio was 24.28. The lowest was 0.53. And the median was 1.72.

ADMT's Cash-to-Debt is ranked worse than
67.25% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs ADMT: 0.75

ADM Tronics Unlimited Cash-to-Debt Historical Data

The historical data trend for ADM Tronics Unlimited'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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ADM Tronics Unlimited Cash-to-Debt Chart

ADM Tronics Unlimited Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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6.98

1.90

0.98

1.12

1.34

ADM Tronics Unlimited Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.57	1.34	0.99	0.88	0.75

Competitive Comparison of ADM Tronics Unlimited's Cash-to-Debt

For the Medical Devices subindustry, ADM Tronics Unlimited'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.

ADM Tronics Unlimited's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ADM Tronics Unlimited's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ADM Tronics Unlimited's Cash-to-Debt falls into.

ADM Tronics Unlimited 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.

ADM Tronics Unlimited's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1.004	/	(0.342	+	0.41)
	=	1.34

ADM Tronics Unlimited'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)
	=	0.662	/	(0.539	+	0.344)
	=	0.75

ADM Tronics Unlimited (OTCPK:ADMT) 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.

ADM Tronics Unlimited Cash-to-Debt Related Terms

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ADM Tronics Unlimited (ADM Tronics Unlimited) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ADM Tronics Unlimited Inc (OTCPK:ADMT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

224 Pegasus Avenue, Northvale, NJ, USA, 07647

Website

https://www.admtronics.com

ADM Tronics Unlimited Inc is a diversified, technology-based developer and manufacturer of technologies and products in the United States. The company's operating segment includes Chemical; Electronics and Engineering. It generates maximum revenue from the Electronics segment. The Electronics segment develops and manufactures electronic technologies for non-invasive, electrotherapeutic and diagnostic medical devices as well as for veterinary and other applications. It derives revenue from the production and sale of electronics for medical devices and other applications; environmentally safe chemical products for industrial, medical and cosmetic uses; research, development, regulatory, and engineering services.