ADGM (Adagio Medical Holdings) Cash-to-Debt : 1.27 (As of Dec. 2024)

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What is Adagio Medical Holdings Cash-to-Debt?

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. Adagio Medical Holdings's cash to debt ratio for the quarter that ended in Dec. 2024 was 1.27.

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, Adagio Medical Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Adagio Medical Holdings's Cash-to-Debt or its related term are showing as below:

ADGM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.92 Max: No Debt
Current: 1.27

During the past 4 years, Adagio Medical Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.92.

ADGM's Cash-to-Debt is ranked worse than
55.13% of 858 companies
in the Medical Devices & Instruments industry
Industry Median: 1.74 vs ADGM: 1.27

Adagio Medical Holdings Cash-to-Debt Historical Data

The historical data trend for Adagio Medical Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Adagio Medical Holdings Cash-to-Debt Chart

Adagio Medical Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

No Debt

0.57

0.04

1.27

Adagio Medical Holdings Quarterly Data
	Dec21	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial			0.07	0.04	0.09	2.02	1.27

Competitive Comparison of Adagio Medical Holdings's Cash-to-Debt

For the Medical Devices subindustry, Adagio Medical Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Adagio Medical Holdings's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Adagio Medical Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Adagio Medical Holdings's Cash-to-Debt falls into.

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Adagio Medical Holdings Cash-to-Debt Calculation

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

Adagio Medical Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	20.586	/	(0.143	+	16.122)
	=	1.27

Adagio Medical Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	20.586	/	(0.143	+	16.122)
	=	1.27

Adagio Medical Holdings (NAS:ADGM) Cash-to-Debt 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.

Adagio Medical Holdings Cash-to-Debt Related Terms

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Adagio Medical Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Adagio Medical Holdings Inc (NAS:ADGM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

26051 Merit Circle, Suite 102, Laguna Hills, CA, USA, 92653

Website

https://www.adagiomedical.com

Adagio Medical Holdings Inc is an innovator in catheter ablation technologies for the treatment of cardiac arrhythmias. The company focuses on developing cryoablation technologies that create contiguous, transmural lesions to treat cardiac arrhythmias, including paroxysmal and persistent atrial fibrillation, atrial flutter, and ventricular tachycardia.