Oxford Nanopore Technologies (LSE:ONT) Cash-to-Debt : 6.48 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Oxford Nanopore Technologies 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. Oxford Nanopore Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.48.

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, Oxford Nanopore Technologies 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 Oxford Nanopore Technologies's Cash-to-Debt or its related term are showing as below:

LSE:ONT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.69 Med: 8.15 Max: 24.93
Current: 6.48

During the past 6 years, Oxford Nanopore Technologies's highest Cash to Debt Ratio was 24.93. The lowest was 0.69. And the median was 8.15.

LSE:ONT's Cash-to-Debt is ranked worse than
50.16% of 1541 companies
in the Biotechnology industry
Industry Median: 6.49 vs LSE:ONT: 6.48

Oxford Nanopore Technologies Cash-to-Debt Historical Data

The historical data trend for Oxford Nanopore Technologies'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.

* Premium members only.

Oxford Nanopore Technologies Cash-to-Debt Chart

Oxford Nanopore Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.69

3.42

24.93

13.97

6.48

Oxford Nanopore Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					24.93	25.21	13.97	11.52	6.48

Competitive Comparison of Oxford Nanopore Technologies's Cash-to-Debt

For the Biotechnology subindustry, Oxford Nanopore Technologies'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.

Oxford Nanopore Technologies's Cash-to-Debt Distribution in the Biotechnology Industry

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

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

Oxford Nanopore Technologies 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.

Oxford Nanopore Technologies'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)
	=	270.05	/	(4.322	+	37.333)
	=	6.48

Oxford Nanopore Technologies'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)
	=	270.05	/	(4.322	+	37.333)
	=	6.48

Oxford Nanopore Technologies (LSE:ONT) 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.

Oxford Nanopore Technologies Cash-to-Debt Related Terms

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

Oxford Nanopore Technologies (LSE:ONT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Oxford Nanopore Technologies PLC (LSE:ONT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ONTTF:USA ONTl:UK 4R0:Germany

Address

Edmund Halley Road, Gosling Building, Oxford Science Park, Oxford, Oxfordshire, GBR, OX44DQ

Website

https://www.nanoporetech.com

Oxford Nanopore Technologies PLC makes a novel generation of DNA/RNA sequencing technology that provides rich data and is fast, accessible, and easy to use. The Group is primarily involved in researching, developing, manufacturing, and commercializing the world's only commercial nanopore-based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA). This enables our customers to perform scientific/biomedical research in a range of areas, including human genetics, cancer research, outbreak surveillance, environmental analysis, pathogens/antimicrobial resistance, microbiome analysis, and crop science.

Oxford Nanopore Technologies (LSE:ONT) Headlines

No Headlines