MedSci Healthcare Holdings (HKSE:02415) Cash-to-Debt : 244.84 (As of Dec. 2023)

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What is MedSci Healthcare Holdings 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. MedSci Healthcare Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 244.84.

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, MedSci Healthcare Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:02415' s Cash-to-Debt Range Over the Past 10 Years
Min: 29.9 Med: 105.73 Max: 244.84
Current: 244.84

During the past 4 years, MedSci Healthcare Holdings's highest Cash to Debt Ratio was 244.84. The lowest was 29.90. And the median was 105.73.

HKSE:02415's Cash-to-Debt is ranked better than
93.37% of 664 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs HKSE:02415: 244.84

MedSci Healthcare Holdings Cash-to-Debt Historical Data

The historical data trend for MedSci Healthcare Holdings'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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MedSci Healthcare Holdings Cash-to-Debt Chart

MedSci Healthcare Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

29.90

149.00

62.46

244.84

MedSci Healthcare Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			149.00	N/A	62.46	151.68	244.84

Competitive Comparison of MedSci Healthcare Holdings's Cash-to-Debt

For the Health Information Services subindustry, MedSci Healthcare Holdings'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.

MedSci Healthcare Holdings's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where MedSci Healthcare Holdings's Cash-to-Debt falls into.

MedSci Healthcare Holdings 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.

MedSci Healthcare Holdings'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)
	=	1241.314	/	(4.366	+	0.704)
	=	244.84

MedSci Healthcare Holdings'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)
	=	1241.314	/	(4.366	+	0.704)
	=	244.84

MedSci Healthcare Holdings (HKSE:02415) 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.

MedSci Healthcare Holdings Cash-to-Debt Related Terms

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MedSci Healthcare Holdings (HKSE:02415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MedSci Healthcare Holdings Ltd (HKSE:02415) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Xinzhuan Road, 18th Floor, Building 34, Songjiang District, Shanghai, CHN

Website

https://ir.medsci.cn

MedSci Healthcare Holdings Ltd is an investment holding company. It operates online professional physician platforms in China. The principal activities of the Company are the provision of physician platform solutions, precision omni-channel marketing solutions, and real-world study solutions in the People's Republic of China.

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