SKAN Group AG (CHIX:SKANZ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is SKAN Group AG 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. SKAN Group AG's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt ⁽¹⁾.

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, SKAN Group AG could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(1) 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.

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

CHIX:SKANz' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.41 Med: No Debt Max: No Debt
Current: 7.41

During the past 4 years, SKAN Group AG's highest Cash to Debt Ratio was No Debt. The lowest was 7.41. And the median was No Debt.

CHIX:SKANz's Cash-to-Debt is ranked better than
71.01% of 859 companies
in the Medical Devices & Instruments industry
Industry Median: 1.65 vs CHIX:SKANz: 7.41

SKAN Group AG Cash-to-Debt Historical Data

The historical data trend for SKAN Group AG'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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SKAN Group AG Cash-to-Debt Chart

SKAN Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

8.61

8.06

13.12

SKAN Group AG Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	8.06	No Debt	13.12	No Debt

Competitive Comparison of SKAN Group AG's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, SKAN Group AG'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.

SKAN Group AG's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where SKAN Group AG's Cash-to-Debt falls into.

SKAN Group AG 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.

SKAN Group AG'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)
	=	85.122	/	(0.871	+	5.619)
	=	13.12

SKAN Group AG's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

SKAN Group AG had no debt ⁽¹⁾.

SKAN Group AG (CHIX:SKANz) 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.

SKAN Group AG Cash-to-Debt Related Terms

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SKAN Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SKAN Group AG (CHIX:SKANz) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0SKN:UK SKAN:Switzerland

Address

Kreuzstrasse 5, Allschwil, CHE, 4123

Website

https://www.skan.com

SKAN Group AG is a global market and technological company for isolators, cleanroom devices, and decontamination processes for the aseptic production of biopharmaceutical substances. Its core competency is the design and development of process isolators for the aseptic filling of biopharmaceutical products. The company offer its customers process support, services, and consumables. Its products include biological indicators, isolators, Laboratory/cleanroom equipment, laminar flow, safety workbench, and transfer system. The Firm has three operating segment Equipment & solutions, Services & Consumables, and Other. The company generates the majority of its revenue from the Equipment & solutions segment. Geographically the company derives revenue from Asia, Europe, Americas, and Other regions.

SKAN Group AG Headlines

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SKAN Group AG (CHIX:SKANZ) Cash-to-Debt : No Debt (1) (As of Jun. 2024)