Nexstim Oyj (OHEL:NXTMH) Cash-to-Debt : 0.45 (As of Dec. 2023)

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What is Nexstim Oyj 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. Nexstim Oyj's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.45.

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, Nexstim Oyj couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OHEL:NXTMH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 1.31 Max: 3.37
Current: 0.45

During the past 12 years, Nexstim Oyj's highest Cash to Debt Ratio was 3.37. The lowest was 0.45. And the median was 1.31.

OHEL:NXTMH's Cash-to-Debt is ranked worse than
74.19% of 864 companies
in the Medical Devices & Instruments industry
Industry Median: 1.845 vs OHEL:NXTMH: 0.45

Nexstim Oyj Cash-to-Debt Historical Data

The historical data trend for Nexstim Oyj'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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Nexstim Oyj Cash-to-Debt Chart

Nexstim Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.68

0.71

1.34

1.27

0.45

Nexstim Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.34	1.86	1.27	0.64	0.45

Competitive Comparison of Nexstim Oyj's Cash-to-Debt

For the Medical Devices subindustry, Nexstim Oyj'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.

Nexstim Oyj's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Nexstim Oyj 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.

Nexstim Oyj'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)
	=	1.455	/	(0.832	+	2.382)
	=	0.45

Nexstim Oyj'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)
	=	1.455	/	(0.832	+	2.382)
	=	0.45

Nexstim Oyj (OHEL:NXTMH) 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.

Nexstim Oyj Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Nexstim Oyj's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Nexstim Oyj (OHEL:NXTMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nexstim Oyj (OHEL:NXTMH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5NX:Germany

Address

Elimaenkatu 9 B, Helsinki, FIN, FI-00510

Website

https://www.nexstim.com

Nexstim Oyj is medical technology company. The company has developed a non-invasive brain stimulation technology for navigated transcranial magnetic stimulation (nTMS) with 3D navigation providing accurate and personalized targeting of TMS to the specific area of the brain. The company earns revenue in Finland, Rest of Europe, North America and Other. The majority of revenue is earned in Finland.

Nexstim Oyj (OHEL:NXTMH) Headlines

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