Ion Beam Applications (LTS:0GZK) Cash-to-Debt : 1.01 (As of Jun. 2024)

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What is Ion Beam Applications 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. Ion Beam Applications's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.01.

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, Ion Beam Applications could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

LTS:0GZK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 1.8 Max: 4.19
Current: 1.01

During the past 13 years, Ion Beam Applications's highest Cash to Debt Ratio was 4.19. The lowest was 0.21. And the median was 1.80.

LTS:0GZK's Cash-to-Debt is ranked worse than
60.3% of 859 companies
in the Medical Devices & Instruments industry
Industry Median: 1.65 vs LTS:0GZK: 1.01

Ion Beam Applications Cash-to-Debt Historical Data

The historical data trend for Ion Beam Applications'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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Ion Beam Applications Cash-to-Debt Chart

Ion Beam Applications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.69

1.76

2.89

4.19

2.64

Ion Beam Applications Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															3.01	4.19	2.77	2.64	1.01

Competitive Comparison of Ion Beam Applications's Cash-to-Debt

For the Medical Devices subindustry, Ion Beam Applications'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.

Ion Beam Applications's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Ion Beam Applications's Cash-to-Debt falls into.

Ion Beam Applications 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.

Ion Beam Applications'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)
	=	109.615	/	(12.573	+	29.01)
	=	2.64

Ion Beam Applications's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	60.437	/	(30.908	+	29.071)
	=	1.01

Ion Beam Applications (LTS:0GZK) 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.

Ion Beam Applications Cash-to-Debt Related Terms

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Ion Beam Applications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ion Beam Applications SA (LTS:0GZK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IOBCF:USA IOB:Germany IBAB:Belgium

Address

Chemin du Cyclotron, 3, Louvain-La-Neuve, BEL, B-1348

Website

https://www.iba-worldwide.com

Ion Beam Applications SA develops and manufactures medical devices and software solutions. The firm operates in two segments: proton therapy and other accelerators and dosimetry. Proton therapy and other accelerators business contribute to the majority of sales. It offers solutions for precision cancer treatment through the use of proton beams, as well as cyclotrons used for the production of radioisotopes and industrial accelerators for sterilization and ionization. The dosimetry business sells measurement and quality assurance instruments for radiotherapy and medical imaging. The firm operates in three geographical areas: Belgium, the United States, and the Rest of the World.

Ion Beam Applications Headlines

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