Bactiguard Holding AB (LTS:0QV2) Cash-to-Debt : 0.40 (As of Mar. 2024)

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What is Bactiguard Holding AB 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. Bactiguard Holding AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.40.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Bactiguard Holding AB couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LTS:0QV2' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 0.95
Current: 0.4

During the past 13 years, Bactiguard Holding AB's highest Cash to Debt Ratio was 0.95. The lowest was 0.01. And the median was 0.16.

LTS:0QV2's Cash-to-Debt is ranked worse than
75.73% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.88 vs LTS:0QV2: 0.40

Bactiguard Holding AB Cash-to-Debt Historical Data

The historical data trend for Bactiguard Holding AB'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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Bactiguard Holding AB Cash-to-Debt Chart

Bactiguard Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.11

0.04

0.88

0.83

0.53

Bactiguard Holding AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.77	0.68	0.53	0.53	0.40

Competitive Comparison of Bactiguard Holding AB's Cash-to-Debt

For the Medical Devices subindustry, Bactiguard Holding AB'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.

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

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

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

Bactiguard Holding AB 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.

Bactiguard Holding AB'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)
	=	123.217	/	(190.793	+	42.306)
	=	0.53

Bactiguard Holding AB's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	95.839	/	(19.921	+	221.608)
	=	0.40

Bactiguard Holding AB (LTS:0QV2) 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.

Bactiguard Holding AB Cash-to-Debt Related Terms

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Bactiguard Holding AB (LTS:0QV2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Bactiguard Holding AB (LTS:0QV2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BACTI B:Sweden

Address

Alfred Nobels Alle 150, Box 15, Tullinge, SWE, SE 146 21

Website

https://www.bactiguard.com

Bactiguard Holding AB is a Sweden-based medical device company. It is engaged in the development of infection prevention solutions, which reduce the risk of infections and the use of antibiotics. Its technology is based on the Bactiguard Infection Protection (BIP), a thin coating permanently bound to the surface of medical devices. Its portfolio contains urinary catheters, endotracheal tubes, central venous catheters, Hydrocyn for disinfection and wound care, as well as sutures and other wound care products. Its geographical segments are United States, Sweden, Malaysia, China, Thailand, Bangladesh, New Zeeland, and Other countries.

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