Sipai Health Technology Co (FRA:AX1) Cash-to-Debt : 16.72 (As of Dec. 2023)

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What is Sipai Health Technology Co 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. Sipai Health Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 16.72.

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, Sipai Health Technology Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Sipai Health Technology Co's Cash-to-Debt or its related term are showing as below:

FRA:AX1' s Cash-to-Debt Range Over the Past 10 Years
Min: 16.72 Med: 18.48 Max: 22.59
Current: 16.72

During the past 3 years, Sipai Health Technology Co's highest Cash to Debt Ratio was 22.59. The lowest was 16.72. And the median was 18.48.

FRA:AX1's Cash-to-Debt is ranked better than
79.38% of 97 companies
in the Medical Distribution industry
Industry Median: 0.79 vs FRA:AX1: 16.72

Sipai Health Technology Co Cash-to-Debt Historical Data

The historical data trend for Sipai Health Technology Co'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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Sipai Health Technology Co Cash-to-Debt Chart

Sipai Health Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

18.48

22.59

16.72

Sipai Health Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	18.48	N/A	22.59	17.91	16.72

Competitive Comparison of Sipai Health Technology Co's Cash-to-Debt

For the Medical Distribution subindustry, Sipai Health Technology Co'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.

Sipai Health Technology Co's Cash-to-Debt Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Sipai Health Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sipai Health Technology Co's Cash-to-Debt falls into.

Sipai Health Technology Co 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.

Sipai Health Technology Co'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)
	=	145.075	/	(3.624	+	5.052)
	=	16.72

Sipai Health Technology Co's Cash to Debt Ratio for the quarter 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)
	=	145.075	/	(3.624	+	5.052)
	=	16.72

Sipai Health Technology Co (FRA:AX1) 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.

Sipai Health Technology Co Cash-to-Debt Related Terms

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Sipai Health Technology Co (FRA:AX1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (FRA:AX1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

00314:Hong Kong

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

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