Alliance Healthcare Group (SGX:MIJ) Cash-to-Debt : 0.99 (As of Dec. 2023)

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What is Alliance Healthcare Group 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. Alliance Healthcare Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.99.

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

SGX:MIJ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: 1.68 Max: 4.94
Current: 0.99

During the past 8 years, Alliance Healthcare Group's highest Cash to Debt Ratio was 4.94. The lowest was 0.99. And the median was 1.68.

SGX:MIJ's Cash-to-Debt is ranked better than
57.29% of 658 companies
in the Healthcare Providers & Services industry
Industry Median: 0.665 vs SGX:MIJ: 0.99

Alliance Healthcare Group Cash-to-Debt Historical Data

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

Alliance Healthcare Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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2.77

1.55

1.68

2.41

1.42

Alliance Healthcare Group Semi-Annual Data
	Jun16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									1.97	2.41	1.86	1.42	0.99

Competitive Comparison of Alliance Healthcare Group's Cash-to-Debt

For the Medical Care Facilities subindustry, Alliance Healthcare Group'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.

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

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

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

Alliance Healthcare Group 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.

Alliance Healthcare Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	19.527	/	(4.127	+	9.663)
	=	1.42

Alliance Healthcare Group'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)
	=	18.167	/	(5.703	+	12.715)
	=	0.99

Alliance Healthcare Group (SGX:MIJ) 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.

Alliance Healthcare Group Cash-to-Debt Related Terms

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

Alliance Healthcare Group (SGX:MIJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alliance Healthcare Group Ltd (SGX:MIJ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Bukit Batok Crescent, No.07-12 The Elitist, Singapore, SGP, 658066

Website

https://www.alliancehealthcare.com.sg

Alliance Healthcare Group Ltd is an investment holding company. The segments of the company involve General Practitioner ("GP") clinic services, Specialist care services, Pharmaceutical services, Managed healthcare solutions; and Mobile and digital health services. It generates maximum revenue from the GP clinic services segment. The GP clinic services segment is in the business of the provision of primary healthcare medical services by general practitioners. Geographically, it derives a majority of revenue from Singapore and also has a presence in Europe and the Asia Pacific Region.

Alliance Healthcare Group (SGX:MIJ) Headlines

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