Nanosynth Group (LSE:NNN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2022)

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What is Nanosynth 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. Nanosynth Group's cash to debt ratio for the quarter that ended in Jun. 2022 was No Debt ⁽¹⁾.

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, Nanosynth Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

(1) 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.

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

LSE:NNN's Cash-to-Debt is not ranked ^*
in the Hardware industry.
Industry Median: 1.32
* Ranked among companies with meaningful Cash-to-Debt only.

Nanosynth Group Cash-to-Debt Historical Data

The historical data trend for Nanosynth 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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Nanosynth Group Cash-to-Debt Chart

Nanosynth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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4.26

0.65

0.59

101.11

No Debt

Nanosynth Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Cash-to-Debt	Get a 7-Day Free Trial											4.90	101.11	No Debt	No Debt	No Debt

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

For the Scientific & Technical Instruments subindustry, Nanosynth 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.

Nanosynth Group's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nanosynth Group's Cash-to-Debt distribution charts can be found below:

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

Nanosynth 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.

Nanosynth Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Nanosynth Group had no debt ⁽¹⁾.

Nanosynth Group's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:

Nanosynth Group had no debt ⁽¹⁾.

Nanosynth Group (LSE:NNN) 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.

Nanosynth Group Cash-to-Debt Related Terms

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Nanosynth Group (LSE:NNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanosynth Group PLC (LSE:NNN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

27-28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.nanosynthgroup.com

Nanosynth Group PLC specialises in the synthesis and application of nanoparticles to create new and improved existing products The company, through its subsidiary, develops and manufactures digital monitoring and safeguarding systems for rotating shafts and security and risk management consultancy. It generates maximum revenue from the developing and manufacturing digital monitoring and safeguarding systems for rotating shafts. Geographically, it derives a majority of revenue from Europe.