MediNet Group (HKSE:08161) Cash-to-Debt : 1.18 (As of Sep. 2023)

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What is MediNet Group 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. MediNet Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.18.

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, MediNet Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:08161' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 1.52 Max: No Debt
Current: 1.09

During the past 11 years, MediNet Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.41. And the median was 1.52.

HKSE:08161's Cash-to-Debt is ranked better than
57.21% of 673 companies
in the Healthcare Providers & Services industry
Industry Median: 0.72 vs HKSE:08161: 1.09

MediNet Group Cash-to-Debt Historical Data

The historical data trend for MediNet Group'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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MediNet Group Cash-to-Debt Chart

MediNet Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.34

1.45

1.21

1.59

1.09

MediNet Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	1.59	N/A	1.18	1.09

Competitive Comparison of MediNet Group's Cash-to-Debt

For the Medical Care Facilities subindustry, MediNet Group'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.

MediNet Group's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

MediNet Group 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.

MediNet Group's Cash to Debt Ratio for the fiscal year 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)
	=	17.325	/	(13.157	+	2.802)
	=	1.09

MediNet Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	19.946	/	(14.272	+	2.69)
	=	1.18

MediNet Group (HKSE:08161) 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.

MediNet Group Cash-to-Debt Related Terms

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MediNet Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MediNet Group Ltd (HKSE:08161) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Whitfield Road, Causeway Bay, Unit 3601, 36th Floor, Citicorp Centre, Hong Kong, HKG

Website

http://www.medinetgroup.com

MediNet Group Ltd is a provider of corporate healthcare solutions in Hong Kong. The company's operating segment includes Dental business and Medical business. The Dental segment offer dental solutions and dental services by dental clinics owned and operated by the group. Its Medical segment provide outpatient general services and men's health treatments services. It offers services to both plan members and self-paid patient. The company generates revenue by providing Dental business.

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MediNet Group Headlines

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