Vitura Health (ASX:VIT) Cash-to-Debt : 0.41 (As of Dec. 2024)

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What is Vitura Health 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. Vitura Health's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.41.

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, Vitura Health couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

ASX:VIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 4.01 Max: 14.74
Current: 0.41

During the past 6 years, Vitura Health's highest Cash to Debt Ratio was 14.74. The lowest was 0.41. And the median was 4.01.

ASX:VIT's Cash-to-Debt is ranked worse than
64.93% of 1015 companies
in the Drug Manufacturers industry
Industry Median: 1.02 vs ASX:VIT: 0.41

Vitura Health Cash-to-Debt Historical Data

The historical data trend for Vitura Health'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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Vitura Health Cash-to-Debt Chart

Vitura Health Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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6.65

4.01

3.18

14.74

1.03

Vitura Health Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial						3.24	14.74	1.08	1.03	0.41

Competitive Comparison of Vitura Health's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Vitura Health'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.

Vitura Health's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Vitura Health's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Vitura Health's Cash-to-Debt falls into.

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Vitura Health 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.

Vitura Health's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	11.348	/	(1.726	+	9.295)
	=	1.03

Vitura Health'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)
	=	7.397	/	(4.964	+	12.976)
	=	0.41

Vitura Health (ASX:VIT) 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.

Vitura Health Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Vitura Health's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Vitura Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vitura Health Ltd (ASX:VIT) » Definitions » Cash-to-Debt

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1CE0:Germany

Address

299 Toorak Road, Suite 8, Level 3, South Yarra, VIC, AUS, 3141

Website

https://www.vitura.com.au

Vitura Health Ltd is focused on creating medicinal cannabis products and digital health solutions that connect and strengthen the ecosystem between patients, prescribers, pharmacists, and suppliers. The company has two business segments namely, Sales and distribution (involving the sale and distribution of medical products including medicinal cannabis, psychedelic drugs, and smoking cessation products) and Clinics and services (involving the operation of medicinal cannabis clinics and the provision of related services). The company generates the majority of its revenue from the Sales and distribution segment. Geographically the company generates the majority of its revenue from Australia.

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