Tendo AB (XSAT:TENDO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Tendo AB 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. Tendo AB's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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

(1) 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.

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

XSAT:TENDO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, Tendo AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.53. And the median was No Debt.

XSAT:TENDO's Cash-to-Debt is ranked better than
99.65% of 864 companies
in the Medical Devices & Instruments industry
Industry Median: 1.84 vs XSAT:TENDO: No Debt

Tendo AB Cash-to-Debt Historical Data

The historical data trend for Tendo AB'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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Tendo AB Cash-to-Debt Chart

Tendo AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.53

No Debt

Tendo AB Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Tendo AB's Cash-to-Debt

For the Medical Devices subindustry, Tendo AB'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.

Tendo AB's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Tendo AB 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.

Tendo AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Tendo AB had no debt ⁽¹⁾.

Tendo AB's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Tendo AB had no debt ⁽¹⁾.

Tendo AB (XSAT:TENDO) 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.

Tendo AB Cash-to-Debt Related Terms

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

Tendo AB (XSAT:TENDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tendo AB (XSAT:TENDO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7ZO:Germany

Address

Scheelevagen 15, Lund, SWE, 22363

Website

https://www.tendoforpeople.se

Tendo AB is a medical technology company that develops robotic medical devices. It is in the process of developing the product Tendo OneGrip, a glove with a so-called integrated exoskeleton, which assists people with limited hand function as a result of a spinal cord injury.

Tendo AB (XSAT:TENDO) Headlines

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Tendo AB (XSAT:TENDO) Cash-to-Debt : No Debt (1) (As of Dec. 2023)