EKGGF (CardioComm Solutions) Cash-to-Debt : 0.31 (As of Sep. 2024)

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What is CardioComm Solutions 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. CardioComm Solutions's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.31.

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, CardioComm Solutions 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 CardioComm Solutions's Cash-to-Debt or its related term are showing as below:

EKGGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.31 Max: No Debt
Current: 0.31

During the past 13 years, CardioComm Solutions's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.31.

EKGGF's Cash-to-Debt is ranked worse than
67.17% of 667 companies
in the Healthcare Providers & Services industry
Industry Median: 0.76 vs EKGGF: 0.31

CardioComm Solutions Cash-to-Debt Historical Data

The historical data trend for CardioComm Solutions'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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CardioComm Solutions Cash-to-Debt Chart

CardioComm Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.40

0.25

0.16

0.19

CardioComm Solutions 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															0.11	0.19	0.14	0.02	0.31

Competitive Comparison of CardioComm Solutions's Cash-to-Debt

For the Health Information Services subindustry, CardioComm Solutions'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.

CardioComm Solutions's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

CardioComm Solutions 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.

CardioComm Solutions'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)
	=	0.068	/	(0.326	+	0.038)
	=	0.19

CardioComm Solutions'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)
	=	0.057	/	(0.159	+	0.024)
	=	0.31

CardioComm Solutions (OTCPK:EKGGF) 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.

CardioComm Solutions Cash-to-Debt Related Terms

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

CardioComm Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CardioComm Solutions Inc (OTCPK:EKGGF) » Definitions » Cash-to-Debt

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EKG:Canada

Address

18 Wynford Drive, Suite 305, North York, ON, CAN, M3C 3S2

Website

https://www.cardiocommsolutions.com

CardioComm Solutions Inc develops advanced software, hardware and core laboratory reading services related to the electrocardiogram ("ECG") and ambulatory arrhythmia monitoring systems for medical and consumer markets. It engages in the provision of management software solutions. It specializes in software engineering of computer-based electrocardiogram management and reporting software. The company's products include software, Gems Win, Global ECG Management System, GlobalCardio 12 lead; hardware, include handheld ECG monitor; Asp Services, include ECG management service and smart monitoring; software modules, consists of Win Air, Auto attendant, HL7 interface and EMR integration; and other products, include ECG viewer SDK and QRS 12 lead universal.