Optiscan Imaging (ASX:OIL) Cash-to-Debt : 30.07 (As of Dec. 2023)

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What is Optiscan Imaging 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. Optiscan Imaging's cash to debt ratio for the quarter that ended in Dec. 2023 was 30.07.

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

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

ASX:OIL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 8.51 Max: No Debt
Current: 30.07

During the past 13 years, Optiscan Imaging's highest Cash to Debt Ratio was No Debt. The lowest was 0.46. And the median was 8.51.

ASX:OIL's Cash-to-Debt is ranked better than
86.12% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs ASX:OIL: 30.07

Optiscan Imaging Cash-to-Debt Historical Data

The historical data trend for Optiscan Imaging'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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Optiscan Imaging Cash-to-Debt Chart

Optiscan Imaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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8.76

0.46

12.64

8.25

2.25

Optiscan Imaging Semi-Annual Data
	Jun14	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															12.92	8.25	4.97	2.25	30.07

Competitive Comparison of Optiscan Imaging's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Optiscan Imaging'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.

Optiscan Imaging's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Optiscan Imaging's Cash-to-Debt distribution charts can be found below:

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

Optiscan Imaging 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.

Optiscan Imaging's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.929	/	(0.232	+	0.181)
	=	2.25

Optiscan Imaging's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	13.651	/	(0.376	+	0.078)
	=	30.07

Optiscan Imaging (ASX:OIL) 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.

Optiscan Imaging Cash-to-Debt Related Terms

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Optiscan Imaging (ASX:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optiscan Imaging Ltd (ASX:OIL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

16 Miles Street, Mulgrave, Melbourne, VIC, AUS, 3170

Website

https://www.optiscan.com

Optiscan Imaging Ltd is engaged in the development, manufacture, and commercialization of endomicroscopic digital imaging technology solutions for medical, translational, and pre-clinical applications. Its technology offers real-time, 3D, in vivo imaging at the single-cell level, in a non-destructive manner that enables clinicians to make immediate informed decisions. Its products include InVivage, ViewnVivo, and Customisation.