Euro-Med Laboratories Philippines (PHS:EURO) Cash-to-Debt : 0.29 (As of Mar. 2024)

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What is Euro-Med Laboratories Philippines 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. Euro-Med Laboratories Philippines's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.29.

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, Euro-Med Laboratories Philippines couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Euro-Med Laboratories Philippines's Cash-to-Debt or its related term are showing as below:

PHS:EURO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.22 Max: 0.39
Current: 0.29

During the past 13 years, Euro-Med Laboratories Philippines's highest Cash to Debt Ratio was 0.39. The lowest was 0.14. And the median was 0.22.

PHS:EURO's Cash-to-Debt is ranked worse than
70.94% of 1046 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs PHS:EURO: 0.29

Euro-Med Laboratories Philippines Cash-to-Debt Historical Data

The historical data trend for Euro-Med Laboratories Philippines'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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Euro-Med Laboratories Philippines Cash-to-Debt Chart

Euro-Med Laboratories Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.35

0.21

0.22

0.27

Euro-Med Laboratories Philippines Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.22	0.16	0.27	0.29

Competitive Comparison of Euro-Med Laboratories Philippines's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Euro-Med Laboratories Philippines'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.

Euro-Med Laboratories Philippines's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Euro-Med Laboratories Philippines's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Euro-Med Laboratories Philippines's Cash-to-Debt falls into.

Euro-Med Laboratories Philippines 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.

Euro-Med Laboratories Philippines'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)
	=	1092.636	/	(3282.567	+	756.39)
	=	0.27

Euro-Med Laboratories Philippines's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1142.451	/	(3140.219	+	756.961)
	=	0.29

Euro-Med Laboratories Philippines (PHS:EURO) 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.

Euro-Med Laboratories Philippines Cash-to-Debt Related Terms

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

Euro-Med Laboratories Philippines (PHS:EURO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Euro-Med Laboratories Philippines Inc (PHS:EURO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

San Marcelino Street, 1000 United Nations Avenue corner, PPL Building, 2nd floor, Manila, PHL, 1000

Website

http://www.euromedlab.net

Euro-Med Laboratories Philippines Inc is a pharmaceutical-based company that engages in the manufacture of pharmaceutical products such as large and small volume parenterals and other solutions. The company also manufactures sterile water for the injection, and other solutions such as ophthalmic, inhalation, irrigation and dialysis. It operates through the following segments: The Manufacturing pharmaceutical segment involves the manufacturing of pharmaceutical products. The Health and other care Service segment operates a dialysis center. Development and operation of quick-service restaurant segment include operations of the quick-service restaurant, catering, food production and other related services.

Euro-Med Laboratories Philippines (PHS:EURO) Headlines

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