EuroEyes International Eye Clinic (HKSE:01846) Cash-to-Debt : 1.87 (As of Dec. 2023)

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What is EuroEyes International Eye Clinic 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. EuroEyes International Eye Clinic's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.87.

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, EuroEyes International Eye Clinic 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 EuroEyes International Eye Clinic's Cash-to-Debt or its related term are showing as below:

HKSE:01846' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 2.28 Max: 3.89
Current: 1.87

During the past 8 years, EuroEyes International Eye Clinic's highest Cash to Debt Ratio was 3.89. The lowest was 0.26. And the median was 2.28.

HKSE:01846's Cash-to-Debt is ranked better than
66.86% of 673 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs HKSE:01846: 1.87

EuroEyes International Eye Clinic Cash-to-Debt Historical Data

The historical data trend for EuroEyes International Eye Clinic'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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EuroEyes International Eye Clinic Cash-to-Debt Chart

EuroEyes International Eye Clinic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.37

3.18

3.89

2.68

1.87

EuroEyes International Eye Clinic Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								3.89	2.33	2.68	2.14	1.87

Competitive Comparison of EuroEyes International Eye Clinic's Cash-to-Debt

For the Medical Care Facilities subindustry, EuroEyes International Eye Clinic'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.

EuroEyes International Eye Clinic's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, EuroEyes International Eye Clinic's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where EuroEyes International Eye Clinic's Cash-to-Debt falls into.

EuroEyes International Eye Clinic 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.

EuroEyes International Eye Clinic'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)
	=	720.216	/	(70.742	+	313.52)
	=	1.87

EuroEyes International Eye Clinic'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)
	=	720.216	/	(70.742	+	313.52)
	=	1.87

EuroEyes International Eye Clinic (HKSE:01846) 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.

EuroEyes International Eye Clinic Cash-to-Debt Related Terms

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

EuroEyes International Eye Clinic (HKSE:01846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EuroEyes International Eye Clinic Ltd (HKSE:01846) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Valentinskamp 90, Hamburg, DEU, 20355

Website

https://www.euroeyes.hk

EuroEyes International Eye Clinic Ltd is a laser eye surgery clinic. The firm's operating segments are the Provision of vision correction services, sales of pharmaceutical products, and Rental of ophthalmic equipment and operating spaces, Rendering of training service and Interest income. Its geographical segments are Germany, China, Denmark and UK. The Group's services include treatment of myopia, treatment of high myopia, treatment of presbyopia, and treatment of cataracts. The company generates a majority of its revenue from the provision of correction services in Germany.

Executives

Jørgensen Jørn Slot	2101 Beneficial owner
Jørgensen Susanne	2202 Interest of your spouse
Jørgensen Jørn Slot	2101 Beneficial owner
Jørgensen Susanne	2202 Interest of your spouse

EuroEyes International Eye Clinic (HKSE:01846) Headlines

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