Oceania Healthcare (NZSE:OCA) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Oceania Healthcare 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. Oceania Healthcare's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, Oceania Healthcare 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 Oceania Healthcare's Cash-to-Debt or its related term are showing as below:

NZSE:OCA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.11
Current: 0.02

During the past 6 years, Oceania Healthcare's highest Cash to Debt Ratio was 0.11. The lowest was 0.01. And the median was 0.05.

NZSE:OCA's Cash-to-Debt is ranked worse than
93.66% of 662 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs NZSE:OCA: 0.02

Oceania Healthcare Cash-to-Debt Historical Data

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

Oceania Healthcare Annual Data

Trend

May17

May18

May19

May20

Mar22

Mar23

Cash-to-Debt

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0.11

0.08

0.05

0.03

0.01

Oceania Healthcare Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial								0.05	0.03	0.01	0.01	0.02

Competitive Comparison of Oceania Healthcare's Cash-to-Debt

For the Medical Care Facilities subindustry, Oceania Healthcare'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.

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

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

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

Oceania Healthcare 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.

Oceania Healthcare'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)
	=	7.439	/	(0	+	558.387)
	=	0.01

Oceania Healthcare'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)
	=	10.29	/	(0	+	623.091)
	=	0.02

Oceania Healthcare (NZSE:OCA) 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.

Oceania Healthcare Cash-to-Debt Related Terms

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Oceania Healthcare (NZSE:OCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oceania Healthcare Ltd (NZSE:OCA) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

OCA:Australia

Address

80 Queen Street, Level 11, Deloitte Building, Auckland, NTL, NZL, 1010

Website

https://www.oceaniahealthcare.co.nz

Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and Other segments. It generates maximum revenue from the care operations segment which includes traditional care beds and care suites as well as provision of accommodation, care and care packages, meals, and related services to aged care residents. Geographically it operates through New Zealand. The company derives revenue from Rest home, hospital, dementia fees, Village service fees, Rental income, and others.