Hellenic Dynamics (LSE:HELD) Cash-to-Debt : 0.59 (As of Sep. 2023)

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What is Hellenic Dynamics 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. Hellenic Dynamics's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.59.

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, Hellenic Dynamics couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

LSE:HELD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.59
Current: 0.59

During the past 2 years, Hellenic Dynamics's highest Cash to Debt Ratio was 0.59. The lowest was 0.00. And the median was 0.02.

LSE:HELD's Cash-to-Debt is ranked worse than
58.45% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs LSE:HELD: 0.59

Hellenic Dynamics Cash-to-Debt Historical Data

The historical data trend for Hellenic Dynamics'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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Hellenic Dynamics Cash-to-Debt Chart

Hellenic Dynamics Annual Data

Trend

Dec19

Dec20

Cash-to-Debt

0.02

Hellenic Dynamics Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			0.02	N/A	0.01	0.08	0.59

Competitive Comparison of Hellenic Dynamics's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Hellenic Dynamics'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.

Hellenic Dynamics's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hellenic Dynamics's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hellenic Dynamics's Cash-to-Debt falls into.

Hellenic Dynamics 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.

Hellenic Dynamics's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	0.009	/	(0.031	+	0.345)
	=	0.02

Hellenic Dynamics'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)
	=	0.196	/	(0.078	+	0.256)
	=	0.59

Hellenic Dynamics (LSE:HELD) 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.

Hellenic Dynamics Cash-to-Debt Related Terms

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Hellenic Dynamics (LSE:HELD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hellenic Dynamics PLC (LSE:HELD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Arlington Street, London, GBR, SW1A 1RN

Website

https://www.hellenicdynamics.com

Hellenic Dynamics PLC is engaged in the cultivation, and supply of tetrahydrocannabinol (THC) dominant strains of medical cannabis flowers, destined for the growing medical cannabis markets across Europe.

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