Third Age Health Services (NZSE:TAH) Cash-to-Debt : 0.42 (As of Mar. 2024)

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What is Third Age Health Services 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. Third Age Health Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.42.

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, Third Age Health Services 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 Third Age Health Services's Cash-to-Debt or its related term are showing as below:

NZSE:TAH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.73 Max: 7.85
Current: 0.42

During the past 4 years, Third Age Health Services's highest Cash to Debt Ratio was 7.85. The lowest was 0.25. And the median was 0.73.

NZSE:TAH's Cash-to-Debt is ranked worse than
58.35% of 665 companies
in the Healthcare Providers & Services industry
Industry Median: 0.71 vs NZSE:TAH: 0.42

Third Age Health Services Cash-to-Debt Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Cash-to-Debt Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

7.85

1.03

0.25

0.42

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			1.03	0.52	0.25	0.18	0.42

Competitive Comparison of Third Age Health Services's Cash-to-Debt

For the Medical Care Facilities subindustry, Third Age Health Services'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.

Third Age Health Services's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Third Age Health Services's Cash-to-Debt falls into.

Third Age Health Services 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.

Third Age Health Services'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)
	=	1.695	/	(1.648	+	2.399)
	=	0.42

Third Age Health Services'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)
	=	1.695	/	(1.648	+	2.399)
	=	0.42

Third Age Health Services (NZSE:TAH) 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.

Third Age Health Services Cash-to-Debt Related Terms

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Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.