Topchoice Medical (SHSE:600763) Cash-to-Debt : 0.37 (As of Mar. 2024)

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What is Topchoice Medical 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. Topchoice Medical's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.37.

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

SHSE:600763' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.92 Max: No Debt
Current: 0.37

During the past 13 years, Topchoice Medical's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was 0.92.

SHSE:600763's Cash-to-Debt is ranked worse than
61.46% of 659 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs SHSE:600763: 0.37

Topchoice Medical Cash-to-Debt Historical Data

The historical data trend for Topchoice Medical'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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Topchoice Medical Cash-to-Debt Chart

Topchoice Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.30

0.90

0.65

0.55

0.42

Topchoice Medical Quarterly Data
	Jun19	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															0.68	0.41	0.50	0.42	0.37

Competitive Comparison of Topchoice Medical's Cash-to-Debt

For the Medical Care Facilities subindustry, Topchoice Medical'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.

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

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

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

Topchoice Medical 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.

Topchoice Medical'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)
	=	594.463	/	(219.832	+	1193.786)
	=	0.42

Topchoice Medical'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)
	=	510.109	/	(181.841	+	1202.643)
	=	0.37

Topchoice Medical (SHSE:600763) 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.

Topchoice Medical Cash-to-Debt Related Terms

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

Topchoice Medical (SHSE:600763) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Topchoice Medical Corp (SHSE:600763) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lingxi North Road, Building 5, Hesheng Guomao, No. 21, Zhejiang Province, Hangzhou, CHN, 310013

Website

http://www.tcmedical.com.cn

Topchoice Medical Investment Co Inc is engaged in providing medical services. The company operates as an integrated medical platform and has a number of oral medical, health and reproductive medical institutions.

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