Volpara Health Technologies (ASX:VHT) Cash-to-Debt : 7.16 (As of Sep. 2023)

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What is Volpara Health Technologies 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. Volpara Health Technologies's cash to debt ratio for the quarter that ended in Sep. 2023 was 7.16.

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, Volpara Health Technologies could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ASX:VHT' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.24 Med: 10.87 Max: No Debt
Current: 7.16

During the past 7 years, Volpara Health Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 3.24. And the median was 10.87.

ASX:VHT's Cash-to-Debt is ranked better than
79.21% of 659 companies
in the Healthcare Providers & Services industry
Industry Median: 0.66 vs ASX:VHT: 7.16

Volpara Health Technologies Cash-to-Debt Historical Data

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

Volpara Health Technologies Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

56.92

8.34

6.00

7.44

6.11

Volpara Health Technologies Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial										9.05	7.44	No Debt	6.11	7.16

Competitive Comparison of Volpara Health Technologies's Cash-to-Debt

For the Health Information Services subindustry, Volpara Health Technologies'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.

Volpara Health Technologies's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Volpara Health Technologies's Cash-to-Debt distribution charts can be found below:

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

Volpara Health Technologies 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.

Volpara Health Technologies'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)
	=	11.898	/	(0.512	+	1.435)
	=	6.11

Volpara Health Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	8.85	/	(0.535	+	0.701)
	=	7.16

Volpara Health Technologies (ASX:VHT) 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.

Volpara Health Technologies Cash-to-Debt Related Terms

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Volpara Health Technologies (ASX:VHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Volpara Health Technologies Ltd (ASX:VHT) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

VPAHF:USA

Address

40 Mercer Street, Level 14–15, Wellington Central, Wellington, NZL, 6011

Website

https://www.volparahealth.com

Volpara Health Technologies Ltd is a New Zealand-based research, development, and manufacturing company. The business of the company operates through three product categories that include Capital Sales, Software Maintenance Agreements, and Software as a Service. It offers a breast imaging analytics platform that delivers real-time quality assurance and performance monitoring. It operates through the sale of a single suite of medical device software products.