Healwell AI (TSX:AIDX) Cash-to-Debt : 0.44 (As of Mar. 2024)

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What is Healwell AI 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. Healwell AI's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.44.

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

TSX:AIDX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 1.75
Current: 0.44

During the past 7 years, Healwell AI's highest Cash to Debt Ratio was 1.75. The lowest was 0.06. And the median was 0.10.

TSX:AIDX's Cash-to-Debt is ranked worse than
57.04% of 668 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs TSX:AIDX: 0.44

Healwell AI Cash-to-Debt Historical Data

The historical data trend for Healwell AI'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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Healwell AI Cash-to-Debt Chart

Healwell AI Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.09

0.54

0.10

0.92

Healwell AI 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															0.10	0.06	0.07	0.92	0.44

Competitive Comparison of Healwell AI's Cash-to-Debt

For the Medical Care Facilities subindustry, Healwell AI'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.

Healwell AI's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

Healwell AI 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.

Healwell AI'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)
	=	19.288	/	(1.682	+	19.246)
	=	0.92

Healwell AI'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)
	=	11.437	/	(6.853	+	19.353)
	=	0.44

Healwell AI (TSX:AIDX) 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.

Healwell AI Cash-to-Debt Related Terms

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Healwell AI (TSX:AIDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Healwell AI Inc (TSX:AIDX) » Definitions » Cash-to-Debt

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HWAIF:USA 6H90:Germany

Address

4881 Yonge Street, Suite No. 300, Toronto, ON, CAN, M2N 5X3

Website

https://www.mcionehealth.com

Healwell AI Inc is a healthcare technology company focused on AI and data science for preventative care. The company operates primary care networks and pioneering how actionable insights from data can be paired with targeted therapeutics to start treating disease before it's too late. Its technologies are backed by science and powered by AI.

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