NetraMark Holdings (XCNQ:AIAI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is NetraMark Holdings 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. NetraMark Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, NetraMark Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XCNQ:AIAI' s Cash-to-Debt Range Over the Past 10 Years
Min: 38.53 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, NetraMark Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 38.53. And the median was No Debt.

XCNQ:AIAI's Cash-to-Debt is ranked better than
99.55% of 664 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs XCNQ:AIAI: No Debt

NetraMark Holdings Cash-to-Debt Historical Data

The historical data trend for NetraMark Holdings'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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NetraMark Holdings Cash-to-Debt Chart

NetraMark Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

No Debt

NetraMark Holdings Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of NetraMark Holdings's Cash-to-Debt

For the Health Information Services subindustry, NetraMark Holdings'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.

NetraMark Holdings's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

NetraMark Holdings 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.

NetraMark Holdings's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

NetraMark Holdings had no debt ⁽¹⁾.

NetraMark Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

NetraMark Holdings had no debt ⁽¹⁾.

NetraMark Holdings (XCNQ:AIAI) 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.

NetraMark Holdings Cash-to-Debt Related Terms

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NetraMark Holdings (XCNQ:AIAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » NetraMark Holdings Inc (XCNQ:AIAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AINMF:USA

Address

1655 Dupont Street, Suite 101, Toronto, ON, CAN, M6P 3T1

Website

https://www.nurosene.com

NetraMark Holdings Inc is focused on the application of a totally unique Artificial Intelligence (AI) / Machine Learning (ML) solution targeted at the pharmaceutical industry in order to de-risk clinical trials. NetraMark has a proprietary technology that is capable of cutting through the combinatorial complexity that comes with dealing with heterogeneous patient populations to extract precisely defined personas of patients with respect to placebo and drug response, in addition to tolerability and adverse events. By using the client's own contemporaneous data, and having the capacity to learn from small data, the NetraAI tech extracts these personas to equip pharmaceutical companies with strategies to optimize their next trials for success.

Executives

Andrew Parks

Director

NetraMark Holdings (XCNQ:AIAI) Headlines

No Headlines

NetraMark Holdings (XCNQ:AIAI) Cash-to-Debt : No Debt (1) (As of Dec. 2023)