MeVis Medical Solutions AG (XTER:M3V) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is MeVis Medical Solutions AG 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. MeVis Medical Solutions AG's cash to debt ratio for the quarter that ended in Sep. 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, MeVis Medical Solutions AG could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 MeVis Medical Solutions AG's Cash-to-Debt or its related term are showing as below:

XTER:M3V' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.17 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, MeVis Medical Solutions AG's highest Cash to Debt Ratio was No Debt. The lowest was 3.17. And the median was No Debt.

XTER:M3V's Cash-to-Debt is ranked better than
99.54% of 659 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs XTER:M3V: No Debt

MeVis Medical Solutions AG Cash-to-Debt Historical Data

The historical data trend for MeVis Medical Solutions AG'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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MeVis Medical Solutions AG Cash-to-Debt Chart

MeVis Medical Solutions AG Annual Data

Trend

Dec13

Dec14

Dec15

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

MeVis Medical Solutions AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of MeVis Medical Solutions AG's Cash-to-Debt

For the Health Information Services subindustry, MeVis Medical Solutions AG'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.

MeVis Medical Solutions AG's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

MeVis Medical Solutions AG 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.

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

MeVis Medical Solutions AG had no debt ⁽¹⁾.

MeVis Medical Solutions AG's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

MeVis Medical Solutions AG had no debt ⁽¹⁾.

MeVis Medical Solutions AG (XTER:M3V) 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.

MeVis Medical Solutions AG Cash-to-Debt Related Terms

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MeVis Medical Solutions AG (XTER:M3V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MeVis Medical Solutions AG (XTER:M3V) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

M3V:Germany M3V:Germany

Address

Caroline-Herschel-Strasse 1, Bremen, DEU, 28359

Website

http://www.mevis.de

MeVis Medical Solutions AG is a provider of medical software products. The company markets its products to equipment manufacturer of medical devices and providers of medical information technology platforms. Its segment includes Digital mammography and Other diagnostics. The Digital mammography segment develops and markets software products which assist in breast diagnostic imaging and intervention. Its Other diagnostics segment consists of digital radiology products. In addition, it also provides the general analysis of radiology images. The company's geographical area of operations includes the United States of America and Europe.

MeVis Medical Solutions AG (XTER:M3V) Headlines

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MeVis Medical Solutions AG (XTER:M3V) Cash-to-Debt : No Debt (1) (As of Sep. 2023)