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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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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:

Bactiguard Holding AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


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

Traded in Other Exchanges
Address
Alfred Nobels Alle 150, Box 15, Tullinge, SWE, SE 146 21
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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