Eco Animal Health Group (LSE:EAH) Cash-to-Debt : 4.97 (As of Sep. 2023)

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What is Eco Animal Health Group 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. Eco Animal Health Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 4.97.

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, Eco Animal Health Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

LSE:EAH' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.99 Med: 11.18 Max: No Debt
Current: 4.97

During the past 13 years, Eco Animal Health Group's highest Cash to Debt Ratio was No Debt. The lowest was 2.99. And the median was 11.18.

LSE:EAH's Cash-to-Debt is ranked better than
71.18% of 1048 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs LSE:EAH: 4.97

Eco Animal Health Group Cash-to-Debt Historical Data

The historical data trend for Eco Animal Health Group'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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Eco Animal Health Group Cash-to-Debt Chart

Eco Animal Health Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

9.53

3.13

12.83

7.49

4.83

Eco Animal Health Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															16.03	7.49	7.26	4.83	4.97

Competitive Comparison of Eco Animal Health Group's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Eco Animal Health Group'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.

Eco Animal Health Group's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Eco Animal Health Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eco Animal Health Group's Cash-to-Debt falls into.

Eco Animal Health Group 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.

Eco Animal Health Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	21.658	/	(0.884	+	3.596)
	=	4.83

Eco Animal Health Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	20.577	/	(0.934	+	3.204)
	=	4.97

Eco Animal Health Group (LSE:EAH) 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.

Eco Animal Health Group Cash-to-Debt Related Terms

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Eco Animal Health Group (LSE:EAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Eco Animal Health Group PLC (LSE:EAH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Coombe Road, New Malden, London, Surrey, GBR, KT3 4QS

Website

https://www.ecoanimalhealthgroupplc.com

Eco Animal Health Group PLC is engaged in the manufacture and marketing of animal health products. The company's product portfolio includes Aivlosin - macrolide antibiotic for the treatment of respiratory and enteric diseases in pigs and poultry; Ecomectin, Eco heart, Ecotraz, and Ecomintic for treatment and prevention of parasites in cattle, sheep, pigs, horses, and dogs; and Chlortetracycline and Oxytetracycline for treatment of bacterial infections in pigs, poultry and cattle. The geographical segments of the company include Corporate/UK, China & Japan, North America, South & South East Asia, Latin America, Europe, and the Rest of the World.

Eco Animal Health Group (LSE:EAH) Headlines

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