Elbit Medical Technologies (XTAE:EMTC-M) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Elbit Medical 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. Elbit Medical Technologies'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, Elbit Medical Technologies 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 Elbit Medical Technologies's Cash-to-Debt or its related term are showing as below:

XTAE:EMTC-M' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: No Debt
Current: No Debt

During the past 12 years, Elbit Medical Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.04.

XTAE:EMTC-M's Cash-to-Debt is ranked better than
99.65% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.88 vs XTAE:EMTC-M: No Debt

Elbit Medical Technologies Cash-to-Debt Historical Data

The historical data trend for Elbit Medical 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.

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Elbit Medical Technologies Cash-to-Debt Chart

Elbit Medical Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.20

No Debt

Elbit Medical Technologies Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Elbit Medical Technologies's Cash-to-Debt

For the Medical Devices subindustry, Elbit Medical 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.

Elbit Medical Technologies's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Elbit Medical 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.

Elbit Medical Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Elbit Medical Technologies had no debt ⁽¹⁾.

Elbit Medical Technologies's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Elbit Medical Technologies had no debt ⁽¹⁾.

Elbit Medical Technologies (XTAE:EMTC-M) 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.

Elbit Medical Technologies Cash-to-Debt Related Terms

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

Elbit Medical Technologies (XTAE:EMTC-M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Elbit Medical Technologies Ltd (XTAE:EMTC-M) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shimshon Street 3, Petah Tikva, ISR, 4900102

Website

https://www.elbitsystems.com

Elbit Medical Technologies Ltd is a holding company in the biomedical field. It has investments in two subsidiaries namely, InSightec & Gamida Cell. Through these divisions it develops & markets magnetic resonance imaging guided ultrasound equipment & develops stem cell therapeutics & future regenerative cell-based medicines.

Elbit Medical Technologies (XTAE:EMTC-M) Headlines

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Elbit Medical Technologies (XTAE:EMTC-M) Cash-to-Debt : No Debt (1) (As of Dec. 2023)