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MesoblastASX:MSB +2.07%46 Cash-to-Debt is 0.37 as of Jun. 2026, which is 40% below its 10-year median of 0.62. GuruFocus rates ASX:MSB with a GF Score™ of 46/100. The stock has 2 warning signs investors should review. Among 1,355 Biotechnology companies, Mesoblast ranks worse than 87.75% on this metric.
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. Mesoblast's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.37.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Mesoblastcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Mesoblast's Cash-to-Debt or its related term are showing as below:
ASX:MSB'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.62 Max: No Debt
Current: 0.37
During the past 13 years, Mesoblast's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was 0.62.
ASX:MSB's Cash-to-Debt is ranked worse than 87.75% of 1355
companies
in the Biotechnology industry
Industry Median: 7.29
vs ASX:MSB: 0.37
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.
Mesoblast Cash-to-Debt Related Terms
Mesoblast Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Mesoblast'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.
ASX:MSB vs VRTX, REGN, RVMD: Cash-to-Debt Comparison
For the Biotechnology subindustry, Mesoblast'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.
Mesoblast Cash-to-Debt vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Mesoblast's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Mesoblast's Cash-to-Debt falls into.
* 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.
Mesoblast (ASX:MSB) has a Cash-to-Debt of 0.37 as of Jun. 2026. This is 40% below median its historical median of 0.62. Over the past decade, Mesoblast's Cash-to-Debt has ranged from 0.37 to 10,000.00. According to the industry distribution chart, Mesoblast ranks #1189 out of 1355 companies in the Biotechnology industry, placing it in the top 87.7%.
Is Mesoblast's Cash-to-Debt too high?
Mesoblast's current Cash-to-Debt of 0.37 is 40% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 10,000.00. The Biotechnology industry median Cash-to-Debt is 7.29. Mesoblast's value of 0.37 is 94.9% below this industry median. Based on the distribution chart, Mesoblast ranks #1189 out of 1355 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Mesoblast has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Mesoblast's Cash-to-Debt compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Mesoblast ranks #1189 out of 1355 companies for Cash-to-Debt. This places Mesoblast in the lower half of its industry. The industry median Cash-to-Debt is 7.29. Mesoblast's value of 0.37 is 94.9% below this benchmark. Historically, Mesoblast's own Cash-to-Debt has ranged from 0.37 to 10,000.00 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 7.29, Mesoblast has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Biotechnology company?
The median Cash-to-Debt among Biotechnology companies is 7.29, based on 1,355 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mesoblast's current Cash-to-Debt of 0.37 is 94.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Biotechnology industry, the median Cash-to-Debt is 7.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesoblast's current Cash-to-Debt is 0.37, which is 40% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mesoblast stock overvalued right now?
Mesoblast (ASX:MSB) has a current Cash-to-Debt of 0.37. The current Cash-to-Debt is 0.37, which is 40% below median its 10-year median of 0.62 and 94.9% below the Biotechnology industry median of 7.29. Mesoblast's overall GF Score™ is 46/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Mesoblast (ASX:MSB), the current Cash-to-Debt is 0.37 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mesoblast Ltd is a commercial-stage biotechnology company and a world leader in developing allogeneic (off-the-shelf) cellular medicines for the treatment of severe and life-threatening inflammatory conditions. The company's product candidates include: Ryoncil (remestemcel-L) for the treatment of steroid-refractory acute graft versus host disease, as well as for the treatment of moderate to severe acute respiratory distress syndrome; Revascor (rexlemestrocel-L) for the treatment of chronic heart failure; and Rexlemestrocel-L for chronic low back pain. The company is managed as one operating segment, being the development of an adult stem cell technology platform for commercialization.
46GF Score
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