Paragon Care (FRA:PXS) Cash-to-Debt : 0.08 (As of Jun. 2024)

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What is Paragon Care 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. Paragon Care's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.08.

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, Paragon Care couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

FRA:PXS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.3 Max: 0.5
Current: 0.08

During the past 13 years, Paragon Care's highest Cash to Debt Ratio was 0.50. The lowest was 0.08. And the median was 0.30.

FRA:PXS's Cash-to-Debt is ranked worse than
87.16% of 109 companies
in the Medical Distribution industry
Industry Median: 0.79 vs FRA:PXS: 0.08

Paragon Care Cash-to-Debt Historical Data

The historical data trend for Paragon Care'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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Paragon Care Cash-to-Debt Chart

Paragon Care Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.21

0.29

0.35

0.19

0.08

Paragon Care Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.35	0.20	0.19	0.19	0.08

Competitive Comparison of Paragon Care's Cash-to-Debt

For the Medical Distribution subindustry, Paragon Care'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.

Paragon Care's Cash-to-Debt Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Paragon Care's Cash-to-Debt distribution charts can be found below:

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

Paragon Care 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.

Paragon Care's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	12.303	/	(72.022	+	83.321)
	=	0.08

Paragon Care's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	12.303	/	(72.022	+	83.321)
	=	0.08

Paragon Care (FRA:PXS) 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.

Paragon Care Cash-to-Debt Related Terms

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Paragon Care Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Paragon Care Ltd (FRA:PXS) » Definitions » Cash-to-Debt

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PGC:Australia

Address

77-97 Ricketts Road, Mount Waverley, Melbourne, VIC, AUS, 3149

Website

https://www.paragoncare.com.au

Paragon Care Ltd is a medical device company. The company provides medical equipment, devices, and consumables medical products to the healthcare market. The company provides solutions to various healthcare markets, aged care, and veterinary markets. The group is organized into two operating segments: ParagonCare and CH2 Holdings and the majority of its revenues are generated from the CH2 Holdings segment engaged in the distribution of pharmaceuticals, medical consumables, nutritional, and over-the-counter products to the healthcare market.