Jack Nathan Medical (TSXV:JNH) Cash-to-Debt : 0.46 (As of Oct. 2023)

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What is Jack Nathan Medical 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. Jack Nathan Medical's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.46.

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, Jack Nathan Medical couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

TSXV:JNH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 2.66 Max: No Debt
Current: 0.46

During the past 6 years, Jack Nathan Medical's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was 2.66.

TSXV:JNH's Cash-to-Debt is ranked worse than
56.33% of 664 companies
in the Healthcare Providers & Services industry
Industry Median: 0.68 vs TSXV:JNH: 0.46

Jack Nathan Medical Cash-to-Debt Historical Data

The historical data trend for Jack Nathan Medical'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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Jack Nathan Medical Cash-to-Debt Chart

Jack Nathan Medical Annual Data

Trend

Dec18

Dec19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

10.78

0.92

0.33

Jack Nathan Medical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.43	0.33	0.22	0.62	0.46

Competitive Comparison of Jack Nathan Medical's Cash-to-Debt

For the Medical Care Facilities subindustry, Jack Nathan Medical'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.

Jack Nathan Medical's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jack Nathan Medical's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jack Nathan Medical's Cash-to-Debt falls into.

Jack Nathan Medical 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.

Jack Nathan Medical's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	1.5	/	(2.447	+	2.103)
	=	0.33

Jack Nathan Medical's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	5.288	/	(2.286	+	9.323)
	=	0.46

Jack Nathan Medical (TSXV:JNH) 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.

Jack Nathan Medical Cash-to-Debt Related Terms

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

Jack Nathan Medical (TSXV:JNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jack Nathan Medical Corp (TSXV:JNH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JNHMF:USA

Address

6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6

Website

https://www.jacknathanhealth.com

Jack Nathan Medical Corp is a healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services, conveniently inside Walmart stores. The company generates the majority of its revenues from license fees, which are charged in exchange for the right to use its brand name and the licensed premises. Its geographical segments are Canada, which accounts for the vast majority of revenue; Mexico; and China.

Executives

George Barakat

10% Security Holder, Director

Jack Nathan Medical (TSXV:JNH) Headlines

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