Polarean Imaging (LSE:POLX) Cash-to-Debt : 34.62 (As of Jun. 2023)

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What is Polarean Imaging 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. Polarean Imaging's cash to debt ratio for the quarter that ended in Jun. 2023 was 34.62.

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, Polarean Imaging could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

LSE:POLX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 34.62 Max: 241.01
Current: 34.62

During the past 7 years, Polarean Imaging's highest Cash to Debt Ratio was 241.01. The lowest was 0.87. And the median was 34.62.

LSE:POLX's Cash-to-Debt is ranked better than
82.75% of 864 companies
in the Medical Devices & Instruments industry
Industry Median: 1.875 vs LSE:POLX: 34.62

Polarean Imaging Cash-to-Debt Historical Data

The historical data trend for Polarean Imaging'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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Polarean Imaging Cash-to-Debt Chart

Polarean Imaging Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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173.00

16.27

28.33

58.85

45.79

Polarean Imaging Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial								241.01	58.85	52.79	45.79	34.62

Competitive Comparison of Polarean Imaging's Cash-to-Debt

For the Medical Devices subindustry, Polarean Imaging'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.

Polarean Imaging's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Polarean Imaging's Cash-to-Debt distribution charts can be found below:

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

Polarean Imaging 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.

Polarean Imaging's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	13.509	/	(0.117	+	0.178)
	=	45.79

Polarean Imaging's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	7.825	/	(0.109	+	0.117)
	=	34.62

Polarean Imaging (LSE:POLX) 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.

Polarean Imaging Cash-to-Debt Related Terms

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Polarean Imaging (LSE:POLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Polarean Imaging PLC (LSE:POLX) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

PLLWF:USA 8ZF:Germany

Address

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

Website

https://www.polarean.com

Polarean Imaging PLC designs and manufactures medical drug-device combination companies operating in the high-resolution medical imaging market. Its only operating segment being the development and commercialization of gas polariser devices and ancillary instruments. Geographically, it derives most of the revenue from the United States of America and also has a presence in Canada and the United Kingdom. The company generates revenue from products and services such as Polarisers, Parts and Upgrades, Service and other revenue. Its product portfolio includes 9820 129Xe Hyperpolarizer, 9800 129Xe Hyperpolarizer, Polarean 3777 129Xe Hyperpolarizer Upgrade Module, Polarean 2881 Polarization Measurement Station, and others.

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