DIH Holding US (DIH Holding US) Cash-to-Debt : 0.31 (As of Mar. 2023)

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What is DIH Holding US 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. DIH Holding US's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.31.

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, DIH Holding US couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

DHAI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.22 Max: 0.31
Current: 0.31

During the past 2 years, DIH Holding US's highest Cash to Debt Ratio was 0.31. The lowest was 0.14. And the median was 0.22.

DHAI's Cash-to-Debt is ranked worse than
79.98% of 864 companies
in the Medical Devices & Instruments industry
Industry Median: 1.845 vs DHAI: 0.31

DIH Holding US Cash-to-Debt Historical Data

The historical data trend for DIH Holding US'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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DIH Holding US Cash-to-Debt Chart

DIH Holding US Annual Data

Trend

Mar22

Mar23

Cash-to-Debt

0.14

0.31

DIH Holding US Semi-Annual Data
	Mar22	Mar23
Cash-to-Debt	0.14	0.31

Competitive Comparison of DIH Holding US's Cash-to-Debt

For the Medical Devices subindustry, DIH Holding US'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.

DIH Holding US's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where DIH Holding US's Cash-to-Debt falls into.

DIH Holding US 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.

DIH Holding US'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)
	=	5.56	/	(15.745	+	2.459)
	=	0.31

DIH Holding US's Cash to Debt Ratio for the quarter 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)
	=	5.56	/	(15.745	+	2.459)
	=	0.31

DIH Holding US (NAS:DHAI) 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.

DIH Holding US Cash-to-Debt Related Terms

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DIH Holding US (DIH Holding US) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » DIH Holding US Inc (NAS:DHAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Accord Park Drive, Suite D-1, Norwell, MA, USA, 02061

Website

https://www.dih.com

DIH Holding US Inc is a global solution provider in blending innovative robotic and virtual reality (VR) technologies with clinical integration and insights. It is positioning itself as a transformative total smart solutions provider and consolidator in a largely fragmented and manual-labor-driven industry.

DIH Holding US (DIH Holding US) Headlines

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