Revenio Group Oyj (STU:R0V) Cash-to-Debt : 7.00 (As of Mar. 2024)

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What is Revenio Group 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. Revenio Group Oyj's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.00.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Revenio Group Oyj could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

STU:R0V' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 6.27 Max: 32.03
Current: 7

During the past 13 years, Revenio Group Oyj's highest Cash to Debt Ratio was 32.03. The lowest was 0.63. And the median was 6.27.

STU:R0V's Cash-to-Debt is ranked better than
68.87% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs STU:R0V: 7.00

Revenio Group Oyj Cash-to-Debt Historical Data

The historical data trend for Revenio Group 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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Revenio Group Oyj Cash-to-Debt Chart

Revenio Group Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.92

1.06

1.03

1.59

1.20

Revenio Group Oyj 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															17.77	5.59	6.66	1.20	7.00

Competitive Comparison of Revenio Group Oyj's Cash-to-Debt

For the Medical Devices subindustry, Revenio Group 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.

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

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

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

Revenio Group 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.

Revenio Group 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)
	=	21.542	/	(5.563	+	12.352)
	=	1.20

Revenio Group Oyj'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)
	=	23.8	/	(1.4	+	2)
	=	7.00

Revenio Group Oyj (STU:R0V) 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.

Revenio Group Oyj Cash-to-Debt Related Terms

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Revenio Group Oyj (STU:R0V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Revenio Group Oyj (STU:R0V) » Definitions » Cash-to-Debt

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REG1V:Finland

Address

Ayritie 22, Vantaa, FIN, 01510

Website

https://www.reveniogroup.fi

Revenio Group Oyj is a Finnish health technology company. It develops and commercializes effective and easy-to-use health tech-related screening devices for the detection of diseases of significance to public health. Its ophthalmic diagnostic solutions include intraocular pressure (IOP) measurement devices (tonometers), perimeter and fundus imaging devices under the iCare brand. Its eye care software platform Oculo offers clinical communication, telehealth, remote patient monitoring, and data analytics capabilities. The company's geographical segments include Finland, Other Europe, and Others.

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