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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. Cyberonics Inc's cash to debt ratio for the quarter that ended in Jun. 2016 was 0.46.
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, Cyberonics Inc couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2016.
During the past 13 years, Cyberonics Inc's highest Cash to Debt Ratio was 25573.00. The lowest was 0.46. And the median was 16.06.
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.
Cyberonics Inc's Cash to Debt Ratio for the fiscal year that ended in Apr. 2014 is calculated as:
Cyberonics Inc had no debt.
Cyberonics Inc's Cash to Debt Ratio for the quarter that ended in Jun. 2016 is calculated as:
|Cash to Debt Ratio||=||Cash, Cash Equivalents, Marketable Securities||/||Total Debt|
|=||Cash, Cash Equivalents, Marketable Securities||/||(Short-Term Debt||+||Long-Term Debt)|
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.
Cyberonics Inc Annual Data
|cash2debt||20.49||0.72||0.64||0.73||1.06||3.83||12.67||24,163.50||No Debt||No Debt|
Cyberonics Inc Quarterly Data
|cash2debt||No Debt||No Debt||No Debt||No Debt||N/A||No Debt||No Debt||N/A||0.54||0.46|