IMGT (XKRX:456570) Cash-to-Debt : 57.16 (As of Dec. 2023)

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What is IMGT 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. IMGT's cash to debt ratio for the quarter that ended in Dec. 2023 was 57.16.

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, IMGT could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XKRX:456570' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.75 Med: 49.85 Max: 57.16
Current: 57.16

During the past 4 years, IMGT's highest Cash to Debt Ratio was 57.16. The lowest was 30.75. And the median was 49.85.

XKRX:456570's Cash-to-Debt is ranked better than
73.12% of 1492 companies
in the Biotechnology industry
Industry Median: 6.85 vs XKRX:456570: 57.16

IMGT Cash-to-Debt Historical Data

The historical data trend for IMGT'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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IMGT Cash-to-Debt Chart

IMGT Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

30.75

48.70

51.00

57.16

IMGT Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	30.75	48.70	51.00	57.16

Competitive Comparison of IMGT's Cash-to-Debt

For the Biotechnology subindustry, IMGT'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.

IMGT's Cash-to-Debt Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, IMGT's Cash-to-Debt distribution charts can be found below:

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

IMGT 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.

IMGT'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)
	=	7918.649	/	(69.791	+	68.753)
	=	57.16

IMGT'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)
	=	7918.649	/	(69.791	+	68.753)
	=	57.16

IMGT (XKRX:456570) 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.

IMGT Cash-to-Debt Related Terms

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

IMGT (XKRX:456570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » IMGT Corp Ltd (XKRX:456570) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

172 Dolma-ro,, 408, Healthcare Innovation Park, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13605

Website

http://www.imgt.co.kr

IMGT Corp Ltd develops a focused ultrasound-based drug delivery platform for intractable diseases. It is developing nanomedicines and focused ultrasound medical devices that respond to focused ultrasound. The firm has two pipeline products IMD20 and IMP101. IMD20 is a FUS device developed for chronic pain as a product with reduced size and output from IMD10 developed for cancer treatment. IMP101 is a nanoparticle used for hepatocarcinoma embolization.

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