Sphere Medical Holding (LSE:SPHR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2016)

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What is Sphere Medical Holding 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. Sphere Medical Holding's cash to debt ratio for the quarter that ended in Dec. 2016 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, Sphere Medical Holding could pay off its debt using the cash in hand for the quarter that ended in Dec. 2016.

(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 Sphere Medical Holding's Cash-to-Debt or its related term are showing as below:

LSE:SPHR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.7 Med: 503.79 Max: No Debt
Current: No Debt

During the past 9 years, Sphere Medical Holding's highest Cash to Debt Ratio was No Debt. The lowest was 0.70. And the median was 503.79.

LSE:SPHR's Cash-to-Debt is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 1.875 vs LSE:SPHR: No Debt

Sphere Medical Holding Cash-to-Debt Historical Data

The historical data trend for Sphere Medical Holding'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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Sphere Medical Holding Cash-to-Debt Chart

Sphere Medical Holding Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash-to-Debt

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179.30

513.94

1,234.33

No Debt

Sphere Medical Holding Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
Cash-to-Debt	Get a 7-Day Free Trial						1,234.33	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Sphere Medical Holding's Cash-to-Debt

For the Medical Devices subindustry, Sphere Medical Holding'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.

Sphere Medical Holding's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Sphere Medical Holding's Cash-to-Debt falls into.

Sphere Medical Holding 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.

Sphere Medical Holding's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 is calculated as:

Sphere Medical Holding had no debt ⁽¹⁾.

Sphere Medical Holding's Cash to Debt Ratio for the quarter that ended in Dec. 2016 is calculated as:

Sphere Medical Holding had no debt ⁽¹⁾.

Sphere Medical Holding (LSE:SPHR) 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.

Sphere Medical Holding Cash-to-Debt Related Terms

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Sphere Medical Holding (LSE:SPHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sphere Medical Holding PLC (LSE:SPHR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Harston Mill, Harston, Cambridge, GBR, CB22 7GG

Website

http://www.spheremedical.com

Sphere Medical Holding Ltd is a UK-based company which is engaged in research and development, manufacturing and sale of medical monitoring and diagnostic equipment within the medical device area. It focuses on developing the Proxima platform for measuring blood gases, electrolytes and metabolites. Proxima is an in-line patient dedicated arterial blood analyser which supports frequent measurements at critical times. It markets its product (Proxima) to critical care market which includes ICU (Intensive Care Unit) and OR (Operating Room). The company's products are used in medical applications, enabling faster clinical decision-making and improved patient outcomes. It operates is business in single reporting segment of Medical devices. Most of the company's revenue comes from Europe.