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Corin Group (LSE:CRG) Cash-to-Debt : 0.81 (As of Jun. 2012)


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What is Corin 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. Corin Group's cash to debt ratio for the quarter that ended in Jun. 2012 was 0.81.

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, Corin Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2012.

(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 Corin Group's Cash-to-Debt or its related term are showing as below:

LSE:CRG' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

During the past 13 years, Corin Group's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:CRG's Cash-to-Debt is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 1.845 vs LSE:CRG: No Debt

Corin Group Cash-to-Debt Historical Data

The historical data trend for Corin 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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Corin Group Cash-to-Debt Chart

Corin Group Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Corin Group Quarterly Data
Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only 0.80 0.38 0.62 0.41 0.81

Competitive Comparison of Corin Group's Cash-to-Debt

For the Medical Devices subindustry, Corin 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.


Corin Group's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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



Corin 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.

Corin Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2011 is calculated as:

Corin Group had no debt (1).

Corin Group's Cash to Debt Ratio for the quarter that ended in Jun. 2012 is calculated as:

* 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.


Corin Group  (LSE:CRG) 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.


Corin Group Cash-to-Debt Related Terms

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