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Novogen Ltd (NAS:NVGN)
Cash to Debt Ratio
No Debt (As of Jun. 2015)

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. Novogen Ltd's cash to debt ratio for the quarter that ended in Jun. 2015 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, Novogen Ltd could pay off its debt using the cash in hand for the quarter that ended in Jun. 2015.


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.

Novogen Ltd's Cash to Debt Ratio for the fiscal year that ended in Jun. 2015 is calculated as:

Novogen Ltd had no debt.

Novogen Ltd's Cash to Debt Ratio for the quarter that ended in Jun. 2015 is calculated as:

Novogen Ltd had no debt.

* 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

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 own currency.

Novogen Ltd Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
cash2debt 2,235.53No DebtNo DebtNo DebtNo DebtNo DebtNo Debt1.930.92No Debt

Novogen Ltd Semi-Annual Data

Jun11Dec11Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15
cash2debt No DebtNo DebtNo Debt1.071.931.480.928.62No DebtNo Debt
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