Promisia Healthcare (NZSE:PHL) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is Promisia Healthcare 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. Promisia Healthcare's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, Promisia Healthcare couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NZSE:PHL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 1.76
Current: 0.01

During the past 13 years, Promisia Healthcare's highest Cash to Debt Ratio was 1.76. The lowest was 0.01. And the median was 0.14.

NZSE:PHL's Cash-to-Debt is ranked worse than
96.81% of 658 companies
in the Healthcare Providers & Services industry
Industry Median: 0.665 vs NZSE:PHL: 0.01

Promisia Healthcare Cash-to-Debt Historical Data

The historical data trend for Promisia Healthcare'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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Promisia Healthcare Cash-to-Debt Chart

Promisia Healthcare Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Cash-to-Debt

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0.35

0.65

0.03

0.14

0.07

Promisia Healthcare Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Oct20	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.14	0.07	0.07	0.01

Competitive Comparison of Promisia Healthcare's Cash-to-Debt

For the Medical Care Facilities subindustry, Promisia Healthcare'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.

Promisia Healthcare's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

Promisia Healthcare 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.

Promisia Healthcare's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2.079	/	(11.717	+	19.145)
	=	0.07

Promisia Healthcare's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.364	/	(0	+	30.431)
	=	0.01

Promisia Healthcare (NZSE:PHL) 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.

Promisia Healthcare Cash-to-Debt Related Terms

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

Promisia Healthcare (NZSE:PHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Promisia Healthcare Ltd (NZSE:PHL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Customhouse Quay, Level 2, Wellington, NZL, 6011

Website

https://www.promisia.co.nz

Promisia Healthcare Ltd is engaged in the provision of aged care in New Zealand. The company's services include Rest Home Care; Hospital Care; Respite Care; Young Disabled Care; Dementia Care; Palliative Care; Adult Day Care and others. The Group operates in one operating segment the provision of aged care in New Zealand.

Promisia Healthcare (NZSE:PHL) Headlines

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