Coala-Life Group AB (OSTO:COALA) Cash-to-Debt : 3.62 (As of Sep. 2023)

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What is Coala-Life Group 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. Coala-Life Group AB's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.62.

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, Coala-Life Group AB could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Coala-Life Group AB's Cash-to-Debt or its related term are showing as below:

OSTO:COALA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 6.33 Max: No Debt
Current: 3.62

During the past 13 years, Coala-Life Group AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 6.33.

OSTO:COALA's Cash-to-Debt is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 1.9 vs OSTO:COALA: 3.62

Coala-Life Group AB Cash-to-Debt Historical Data

The historical data trend for Coala-Life Group 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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Coala-Life Group AB Cash-to-Debt Chart

Coala-Life Group AB Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

Cash-to-Debt

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0.09

0.03

0.02

0.12

7.97

Coala-Life Group AB Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															28.67	4.68	8.55	0.78	3.62

Competitive Comparison of Coala-Life Group AB's Cash-to-Debt

For the Medical Devices subindustry, Coala-Life Group 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.

Coala-Life Group AB's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Coala-Life Group AB's Cash-to-Debt falls into.

Coala-Life Group 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.

Coala-Life Group AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	30.497	/	(3.211	+	0.614)
	=	7.97

Coala-Life Group AB'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)
	=	12.3	/	(1.5	+	1.9)
	=	3.62

Coala-Life Group AB (OSTO:COALA) 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.

Coala-Life Group AB Cash-to-Debt Related Terms

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Coala-Life Group AB (OSTO:COALA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Coala-Life Group AB (OSTO:COALA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kalsangsgrand 10B, Uppsala, SWE, 753 19

Website

https://www.coalalife.com

Coala-Life Group AB is a Swedish medical technology and life science company focusing on heart diagnostics and digital health. The company has developed a cloud-based remote monitoring device to digitally diagnose heart and lung diseases and can be used prior to a procedure and help physicians identify potential surgical risks.

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