Meihao Medical Group Co (HKSE:01947) Cash-to-Debt : 4.46 (As of Jun. 2023)

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What is Meihao Medical Group Co 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. Meihao Medical Group Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 4.46.

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, Meihao Medical Group Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Meihao Medical Group Co's Cash-to-Debt or its related term are showing as below:

HKSE:01947' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.93 Med: 2.35 Max: 4.46
Current: 4.21

During the past 5 years, Meihao Medical Group Co's highest Cash to Debt Ratio was 4.46. The lowest was 0.93. And the median was 2.35.

HKSE:01947's Cash-to-Debt is ranked better than
62.59% of 858 companies
in the Medical Devices & Instruments industry
Industry Median: 1.895 vs HKSE:01947: 4.21

Meihao Medical Group Co Cash-to-Debt Historical Data

The historical data trend for Meihao Medical Group Co'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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Meihao Medical Group Co Cash-to-Debt Chart

Meihao Medical Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

2.35

1.10

0.93

2.45

4.21

Meihao Medical Group Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.93	N/A	2.45	4.46	4.21

Competitive Comparison of Meihao Medical Group Co's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Meihao Medical Group Co'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.

Meihao Medical Group Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Meihao Medical Group Co's Cash-to-Debt falls into.

Meihao Medical Group Co 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.

Meihao Medical Group Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	99.978	/	(7.703	+	33.187)
	=	2.45

Meihao Medical Group Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	161.362	/	(7.889	+	28.272)
	=	4.46

Meihao Medical Group Co (HKSE:01947) 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.

Meihao Medical Group Co Cash-to-Debt Related Terms

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Meihao Medical Group Co (HKSE:01947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihao Medical Group Co Ltd (HKSE:01947) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

197 Fuqian Street, Lucheng District, Zhejiang Province, Wenzhou, CHN

Website

https://www.meihaomedical.com

Meihao Medical Group Co Ltd is a dental service provider in Wenzhou. It offers services to individuals, covering principally four dental sectors namely, general dentistry, reparative dentistry, implant dentistry, and orthodontics and cosmetic dentistry.

Executives

Wang Xiaomin
Zheng Man
Jian Chi Kang Zhong Guo You Xian Gong Si	2101 Beneficial owner
Mei Hao Zhong Guo You Xian Gong Si	2101 Beneficial owner
Rui Kang Zhong Guo You Xian Gong Si	2101 Beneficial owner

Meihao Medical Group Co (HKSE:01947) Headlines

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