Prolight Diagnostics AB (NGM:PRLD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Prolight Diagnostics 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. Prolight Diagnostics AB's cash to debt ratio for the quarter that ended in Mar. 2024 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, Prolight Diagnostics AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Prolight Diagnostics AB's Cash-to-Debt or its related term are showing as below:

NGM:PRLD' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, Prolight Diagnostics AB's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

NGM:PRLD's Cash-to-Debt is ranked better than
99.65% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.9 vs NGM:PRLD: No Debt

Prolight Diagnostics AB Cash-to-Debt Historical Data

The historical data trend for Prolight Diagnostics 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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Prolight Diagnostics AB Cash-to-Debt Chart

Prolight Diagnostics AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Prolight Diagnostics 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Prolight Diagnostics AB's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Prolight Diagnostics 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.

Prolight Diagnostics AB's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Prolight Diagnostics 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.

Prolight Diagnostics AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Prolight Diagnostics AB had no debt ⁽¹⁾.

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

Prolight Diagnostics AB had no debt ⁽¹⁾.

Prolight Diagnostics AB (NGM:PRLD) 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.

Prolight Diagnostics AB Cash-to-Debt Related Terms

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Prolight Diagnostics AB (NGM:PRLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Prolight Diagnostics AB (NGM:PRLD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Magistratsvagen 10, Lund, SWE, 223 43

Website

http://www.prolightdiagnostics.se

Prolight Diagnostics AB is developing with technology partners near-patient test system based on the patented technology, for use in so-called Point of Care Testing (POCT). The company uses technology such as Mico ELISA and Flex membrane and PLD Micro Flex.