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GuruFocus has detected 2 Warning Signs with ChemoCentryx Inc $CCXI.
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ChemoCentryx Inc (NAS:CCXI)
Cash-to-Debt
No Debt (As of Dec. 2016)

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. ChemoCentryx Inc's cash to debt ratio for the quarter that ended in Dec. 2016 was No Debt.

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, ChemoCentryx Inc could pay off its debt using the cash in hand for the quarter that ended in Dec. 2016.

CCXI' s Cash-to-Debt Range Over the Past 10 Years
Min: 61.8   Max: No Debt
Current: No Debt

During the past 8 years, ChemoCentryx Inc's highest Cash to Debt Ratio was No Debt. The lowest was 61.80. And the median was 264.91.

CCXI's Cash-to-Debt is ranked higher than
84% of the 943 Companies
in the Global Biotechnology industry.

( Industry Median: 54.02 vs. CCXI: No Debt )

Definition

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

ChemoCentryx Inc's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 is calculated as:

ChemoCentryx Inc had no debt.

ChemoCentryx Inc's Cash to Debt Ratio for the quarter that ended in Dec. 2016 is calculated as:

ChemoCentryx Inc had no debt.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Cash and Cash Equivalents (For Banks and Insurance Companies), Cash, Cash Equivalents, Marketable Securities, Interest Coverage


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

ChemoCentryx Inc Annual Data

Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
cash2debt 0.000.00125.8463.6361.80113.98403.98No DebtNo DebtNo Debt

ChemoCentryx Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
cash2debt 1,814.87No DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo Debt
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