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Scandinavian Medical Solutions AS (OCSE:SMSMED) Cash-to-Debt : 0.28 (As of Sep. 2023)


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What is Scandinavian Medical Solutions AS 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. Scandinavian Medical Solutions AS's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.28.

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, Scandinavian Medical Solutions AS couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Scandinavian Medical Solutions AS's Cash-to-Debt or its related term are showing as below:

OCSE:SMSMED' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28   Med: 38.64   Max: No Debt
Current: 0.28

During the past 5 years, Scandinavian Medical Solutions AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.28. And the median was 38.64.

OCSE:SMSMED's Cash-to-Debt is ranked worse than
81.65% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs OCSE:SMSMED: 0.28

Scandinavian Medical Solutions AS Cash-to-Debt Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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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Scandinavian Medical Solutions AS Cash-to-Debt Chart

Scandinavian Medical Solutions AS Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Cash-to-Debt
38.64 19.14 No Debt 261.92 0.28

Scandinavian Medical Solutions AS Semi-Annual Data
Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cash-to-Debt Get a 7-Day Free Trial No Debt 61.46 261.92 0.16 0.28

Competitive Comparison of Scandinavian Medical Solutions AS's Cash-to-Debt

For the Medical Devices subindustry, Scandinavian Medical Solutions AS'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.


Scandinavian Medical Solutions AS's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Scandinavian Medical Solutions AS's Cash-to-Debt falls into.



Scandinavian Medical Solutions AS 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.

Scandinavian Medical Solutions AS's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Scandinavian Medical Solutions AS's Cash to Debt Ratio for the quarter that ended in Sep. 2023 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.


Scandinavian Medical Solutions AS  (OCSE:SMSMED) 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.


Scandinavian Medical Solutions AS Cash-to-Debt Related Terms

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Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Traded in Other Exchanges
Address
Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000
Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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