Azenta (LTS:0HQ1) Cash-to-Debt : 7.86 (As of Sep. 2024)

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What is Azenta 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. Azenta's cash to debt ratio for the quarter that ended in Sep. 2024 was 7.86.

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, Azenta could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LTS:0HQ1' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: 12.35 Max: No Debt
Current: 7.86

During the past 13 years, Azenta's highest Cash to Debt Ratio was No Debt. The lowest was 1.24. And the median was 12.35.

LTS:0HQ1's Cash-to-Debt is ranked better than
71.71% of 859 companies
in the Medical Devices & Instruments industry
Industry Median: 1.65 vs LTS:0HQ1: 7.86

Azenta Cash-to-Debt Historical Data

The historical data trend for Azenta'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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Azenta Cash-to-Debt Chart

Azenta Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash-to-Debt

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3.62

2.40

31.89

16.84

7.86

Azenta Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															16.84	14.80	11.08	8.35	7.86

Competitive Comparison of Azenta's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Azenta'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.

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

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

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

Azenta 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.

Azenta's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	462.091	/	(0	+	58.792)
	=	7.86

Azenta's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	462.091	/	(0	+	58.792)
	=	7.86

Azenta (LTS:0HQ1) 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.

Azenta Cash-to-Debt Related Terms

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Azenta Business Description

Industry

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AZTA:USA

Address

200 Summit Drive, 6th Floor, Burlington, MA, USA, 01803

Website

https://www.azenta.com

Azenta Inc is a provider of life sciences solutions, enabling impactful breakthroughs and therapies to market faster. It provides a full suite of reliable cold-chain sample management solutions and genomic services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. The company has three reportable segments that are Sample Management Solutions, Multiomics, and B Medical Systems. It generates a substantial part of its revenue from its Sample Management Solutions segment.

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