Panaxia Labs Israel (XTAE:PNAX) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is Panaxia Labs Israel 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. Panaxia Labs Israel's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, Panaxia Labs Israel couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XTAE:PNAX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.08 Max: No Debt
Current: 0.01

During the past 8 years, Panaxia Labs Israel's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.08.

XTAE:PNAX's Cash-to-Debt is ranked worse than
97.52% of 1048 companies
in the Drug Manufacturers industry
Industry Median: 0.945 vs XTAE:PNAX: 0.01

Panaxia Labs Israel Cash-to-Debt Historical Data

The historical data trend for Panaxia Labs Israel'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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Panaxia Labs Israel Cash-to-Debt Chart

Panaxia Labs Israel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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25.82

1.12

0.11

0.07

0.01

Panaxia Labs Israel Quarterly Data
	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.05	0.07	0.02	0.01

Competitive Comparison of Panaxia Labs Israel's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Panaxia Labs Israel'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.

Panaxia Labs Israel's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Panaxia Labs Israel's Cash-to-Debt distribution charts can be found below:

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

Panaxia Labs Israel 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.

Panaxia Labs Israel'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)
	=	0.281	/	(15.505	+	20.881)
	=	0.01

Panaxia Labs Israel'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)
	=	0.281	/	(15.505	+	20.881)
	=	0.01

Panaxia Labs Israel (XTAE:PNAX) 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.

Panaxia Labs Israel Cash-to-Debt Related Terms

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Panaxia Labs Israel (XTAE:PNAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Panaxia Labs Israel Ltd (XTAE:PNAX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jabotinsky Street 7, Ramat Gan, ISR, 52520

Website

https://www.panaxia.co.il

Panaxia Labs Israel Ltd is engaged in the manufacture and distribution of medical cannabis products. The firm offers a wide range of products comprising oral tablets, sublingual tablets, medical oils, concentrations, pastilles, suppositories, topical creams, pain relief creams, and pain relief patches.

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