Dentsply Sirona (BSP:XRAY34) Cash-to-Debt : 0.13 (As of Sep. 2024)

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What is Dentsply Sirona 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. Dentsply Sirona's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.13.

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, Dentsply Sirona couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BSP:XRAY34' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.16 Max: 0.55
Current: 0.13

During the past 13 years, Dentsply Sirona's highest Cash to Debt Ratio was 0.55. The lowest was 0.08. And the median was 0.16.

BSP:XRAY34's Cash-to-Debt is ranked worse than
89.52% of 859 companies
in the Medical Devices & Instruments industry
Industry Median: 1.65 vs BSP:XRAY34: 0.13

Dentsply Sirona Cash-to-Debt Historical Data

The historical data trend for Dentsply Sirona'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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Dentsply Sirona Cash-to-Debt Chart

Dentsply Sirona Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

0.18

0.15

0.17

0.15

Dentsply Sirona Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.15	0.13	0.13	0.13

Competitive Comparison of Dentsply Sirona's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Dentsply Sirona'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.

Dentsply Sirona's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Dentsply Sirona 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.

Dentsply Sirona's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	1636.533	/	(1852.124	+	9412.516)
	=	0.15

Dentsply Sirona's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1639.189	/	(2336.952	+	10510.744)
	=	0.13

Dentsply Sirona (BSP:XRAY34) 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.

Dentsply Sirona Cash-to-Debt Related Terms

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

Dentsply Sirona Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Dentsply Sirona Inc (BSP:XRAY34) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XRAY:USA 1XRAY:Italy 0I8F:UK DY2:Germany DY2:Germany DY2:Germany XRAY:Austria

Address

13320 Ballantyne Corporate Place, Charlotte, NC, USA, 28277-3607

Website

https://www.dentsplysirona.com

Dentsply Sirona is one of the world's largest manufacturers of dental equipment and supplies. It is a result of a merger of equals in 2016 between Dentsply International (manufactured dental consumables and lab products) and Sirona Dental Systems (manufactured technologically-advanced dental equipment). The firm's wide portfolio consists of dental consumables, lab products, CAD/CAM and imaging technology, medical devices, and specialty products in orthodontics, endodontics, and implantation. It distributes two-thirds of its dental consumables, technology and equipment through third-party distributors and the remaining portfolio is either sold to labs and offices through the firm's salesforce or directly to consumers (such as Byte clear aligner).

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