HealthCare Global Enterprises (BOM:539787) Cash-to-Debt : 0.24 (As of Mar. 2024)

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What is HealthCare Global Enterprises 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. HealthCare Global Enterprises's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.24.

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, HealthCare Global Enterprises couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:539787' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.41
Current: 0.24

During the past 10 years, HealthCare Global Enterprises's highest Cash to Debt Ratio was 0.41. The lowest was 0.03. And the median was 0.15.

BOM:539787's Cash-to-Debt is ranked worse than
67.66% of 674 companies
in the Healthcare Providers & Services industry
Industry Median: 0.7 vs BOM:539787: 0.24

HealthCare Global Enterprises Cash-to-Debt Historical Data

The historical data trend for HealthCare Global Enterprises'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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HealthCare Global Enterprises Cash-to-Debt Chart

HealthCare Global Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.03

0.17

0.22

0.19

0.24

HealthCare Global Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	N/A	0.15	N/A	0.24

Competitive Comparison of HealthCare Global Enterprises's Cash-to-Debt

For the Medical Care Facilities subindustry, HealthCare Global Enterprises'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.

HealthCare Global Enterprises's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HealthCare Global Enterprises's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HealthCare Global Enterprises's Cash-to-Debt falls into.

HealthCare Global Enterprises 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.

HealthCare Global Enterprises's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	3098.5	/	(2302.5	+	10441.2)
	=	0.24

HealthCare Global Enterprises's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	3098.5	/	(2302.5	+	10441.2)
	=	0.24

HealthCare Global Enterprises (BOM:539787) 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.

HealthCare Global Enterprises Cash-to-Debt Related Terms

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HealthCare Global Enterprises (BOM:539787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HealthCare Global Enterprises Ltd (BOM:539787) » Definitions » Cash-to-Debt

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HCG:India

Address

Mission Road, No. 3, Ground Floor, Tower Block, Unity Building Complex, Bengaluru, KA, IND, 560027

Website

https://www.hcgoncology.com

HealthCare Global Enterprises Ltd is an Indian company specializing in cancer care services. The company also operates fertility clinics, multi-specialty hospitals providing cardiology, neurology, orthopedics, gastroenterology, urology, pulmonary and critical care services. It operates under the Medical and Healthcare Services segment. The company's offerings include labs, diagnostic centers, robotic surgery, bone marrow transplantation, home health services, liver transplantation, surgical oncology, preventive oncology, and radiation oncology. Majority of the revenue is derived from the medical services offered to patients. The company derives the majority of its revenue from India.

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