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Myriad Genetics Inc (NAS:MYGN)
Cash to Debt Ratio
No Debt (As of Jun. 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. Myriad Genetics Inc's cash to debt ratio for the quarter that ended in Jun. 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, Myriad Genetics Inc could pay off its debt using the cash in hand for the quarter that ended in Jun. 2016.

MYGN' s Cash to Debt Range Over the Past 10 Years
Min: 0.75   Max: No Debt
Current: 0.75

During the past 13 years, Myriad Genetics Inc's highest Cash to Debt Ratio was No Debt. The lowest was 0.75. And the median was No Debt.

MYGN's Cash to Debt is ranked lower than
66% of the 211 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.29 vs. MYGN: 0.75 )

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.

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

Myriad Genetics Inc's Cash to Debt Ratio for the quarter that ended in Jun. 2016 is calculated as:

* 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

Historical Data

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

Myriad Genetics Inc Annual Data

 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 cash2debt No Debt No Debt No Debt No Debt No Debt No Debt No Debt No Debt No Debt No Debt

Myriad Genetics Inc Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 cash2debt No Debt No Debt No Debt No Debt No Debt No Debt No Debt No Debt No Debt 0.75
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