Pihlajalinna Oyj (FRA:38P) Cash-to-Debt : 0.12 (As of Mar. 2024)

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What is Pihlajalinna Oyj 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. Pihlajalinna Oyj's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.12.

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

FRA:38P' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: No Debt
Current: 0.12

During the past 12 years, Pihlajalinna Oyj's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.12.

FRA:38P's Cash-to-Debt is ranked worse than
77.56% of 673 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs FRA:38P: 0.12

Pihlajalinna Oyj Cash-to-Debt Historical Data

The historical data trend for Pihlajalinna Oyj'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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Pihlajalinna Oyj Cash-to-Debt Chart

Pihlajalinna Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.06

0.02

0.03

0.07

Pihlajalinna Oyj 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															0.07	0.12	0.07	0.07	0.12

Competitive Comparison of Pihlajalinna Oyj's Cash-to-Debt

For the Medical Care Facilities subindustry, Pihlajalinna Oyj'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.

Pihlajalinna Oyj's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

Pihlajalinna Oyj 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.

Pihlajalinna Oyj'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)
	=	24.517	/	(33.75	+	343.844)
	=	0.06

Pihlajalinna Oyj'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)
	=	26.8	/	(30.4	+	191.3)
	=	0.12

Pihlajalinna Oyj (FRA:38P) 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.

Pihlajalinna Oyj Cash-to-Debt Related Terms

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

Pihlajalinna Oyj (FRA:38P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pihlajalinna Oyj (FRA:38P) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PIHLIS:Finland

Address

Kehrasaari B, Tampere, FIN, 33200

Website

https://www.pihlajalinna.fi

Pihlajalinna Oyj is a private provider of healthcare and wellbeing services in Finland. The company is engaged in the business of providing healthcare and social care services to municipalities, hospital districts, companies, insurance companies, and private persons. The service selection includes general practitioner and medical specialist services, occupational healthcare, social and healthcare outsourcing, fitness center services, responsible doctor, and remote consultation services as well as residential services and staffing services.

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