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ISIS Pharmaceuticals Inc (NAS:ISIS)
Cash to Debt Ratio
1.76 (As of Sep. 2015)

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash and cash equivalents divide by its debt. ISIS Pharmaceuticals Inc's cash to debt ratio for the quarter that ended in Sep. 2015 was 1.76.

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, ISIS Pharmaceuticals Inc could pay off its debt using the cash in hand for the quarter that ended in Sep. 2015.

ISIS' s 10-Year Cash to Debt Range
Min: 0.24   Max: 4.87
Current: 1.76

0.24
4.87

During the past 13 years, ISIS Pharmaceuticals Inc's highest Cash to Debt Ratio was 4.87. The lowest was 0.24. And the median was 1.42.

ISIS's Cash to Debtis ranked lower than
73% of the 882 Companies
in the Global Biotechnology industry.

( Industry Median: 43.46 vs. ISIS: 1.76 )

Definition

This is the ratio of a company's Cash and cash equivalents 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.

ISIS Pharmaceuticals Inc's Cash to Debt Ratio for the fiscal year that ended in Dec. 2014 is calculated as:

 Cash to Debt Ratio = Cash and Cash Equivalents / Total Debt = Cash and Cash Equivalents / (Short-Term Debt + Long-Term Debt) = 728.832 / (2.882 + 454.9) = 1.59

ISIS Pharmaceuticals Inc's Cash to Debt Ratio for the quarter that ended in Sep. 2015 is calculated as:

 Cash to Debt Ratio = Cash and Cash Equivalents / Total Debt = Cash and Cash Equivalents / (Short-Term Debt + Long-Term Debt) = 830.786 / (0.773 + 471.293) = 1.76

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

ISIS Pharmaceuticals Inc Annual Data

 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 cash2debt 0.64 1.38 1.14 2.81 4.08 3.06 4.44 4.52 2.82 1.59

ISIS Pharmaceuticals Inc Quarterly Data

 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 cash2debt 2.57 2.91 2.82 2.71 2.53 2.52 1.59 1.50 1.75 1.76
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