Lotus Eye Hospital & Institute (NSE:LOTUSEYE) Cash-to-Debt : 1.52 (As of Sep. 2024)

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What is Lotus Eye Hospital & Institute 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. Lotus Eye Hospital & Institute's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.52.

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, Lotus Eye Hospital & Institute 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 Lotus Eye Hospital & Institute's Cash-to-Debt or its related term are showing as below:

NSE:LOTUSEYE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.62 Med: 11.03 Max: No Debt
Current: 1.52

During the past 13 years, Lotus Eye Hospital & Institute's highest Cash to Debt Ratio was No Debt. The lowest was 0.62. And the median was 11.03.

NSE:LOTUSEYE's Cash-to-Debt is ranked better than
62.16% of 666 companies
in the Healthcare Providers & Services industry
Industry Median: 0.765 vs NSE:LOTUSEYE: 1.52

Lotus Eye Hospital & Institute Cash-to-Debt Historical Data

The historical data trend for Lotus Eye Hospital & Institute'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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Lotus Eye Hospital & Institute Cash-to-Debt Chart

Lotus Eye Hospital & Institute Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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9.76

24.81

7.10

12.43

6.24

Lotus Eye Hospital & Institute 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															21.61	N/A	6.24	N/A	1.52

Competitive Comparison of Lotus Eye Hospital & Institute's Cash-to-Debt

For the Medical Care Facilities subindustry, Lotus Eye Hospital & Institute'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.

Lotus Eye Hospital & Institute's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Lotus Eye Hospital & Institute's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lotus Eye Hospital & Institute's Cash-to-Debt falls into.

Lotus Eye Hospital & Institute 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.

Lotus Eye Hospital & Institute's Cash to Debt Ratio for the fiscal year 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)
	=	69.295	/	(4.218	+	6.886)
	=	6.24

Lotus Eye Hospital & Institute'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)
	=	45.448	/	(10.342	+	19.555)
	=	1.52

Lotus Eye Hospital & Institute (NSE:LOTUSEYE) 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.

Lotus Eye Hospital & Institute Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Lotus Eye Hospital & Institute's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Lotus Eye Hospital & Institute Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Lotus Eye Hospital & Institute Ltd (NSE:LOTUSEYE) » Definitions » Cash-to-Debt

Traded in Other Exchanges

532998:India

Address

SF No. 770/12, Avinashi Road, Civil Aerodrome Post, Coimbatore, TN, IND, 641 014

Website

https://www.lotuseye.org

Lotus Eye Hospital & Institute Ltd is an India-based eye care hospital. It is engaged in providing treatment and care for eye diseases and disorders. It offers treatment services for eye conditions like refractive error, retina and uvea, cornea, glaucoma, pediatric, orbit and oculoplasty, neuro-ophthalmology, and binocular vision. In addition, the company also operates an eye bank for functioning eye donation activities. The company mainly operates in India and generates revenue by providing medical services, pharmacy sales, contact lenses, and optical, of which the majority of the revenue is derived from providing segmmedical services.

Lotus Eye Hospital & Institute Headlines

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