S2Medical AB (OSTO:S2M) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is S2Medical 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. S2Medical 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, S2Medical 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 S2Medical AB's Cash-to-Debt or its related term are showing as below:

OSTO:S2M' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.92 Med: 21.54 Max: No Debt
Current: No Debt

During the past 7 years, S2Medical AB's highest Cash to Debt Ratio was No Debt. The lowest was 1.92. And the median was 21.54.

OSTO:S2M's Cash-to-Debt is ranked better than
99.65% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.89 vs OSTO:S2M: No Debt

S2Medical AB Cash-to-Debt Historical Data

The historical data trend for S2Medical 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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S2Medical AB Cash-to-Debt Chart

S2Medical AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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16.29

10.25

30.47

45.57

No Debt

S2Medical AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of S2Medical AB's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, S2Medical 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.

S2Medical AB's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, S2Medical AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where S2Medical AB's Cash-to-Debt falls into.

S2Medical 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.

S2Medical AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

S2Medical AB had no debt ⁽¹⁾.

S2Medical AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

S2Medical AB had no debt ⁽¹⁾.

S2Medical AB (OSTO:S2M) 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.

S2Medical AB Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of S2Medical AB's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

S2Medical AB (OSTO:S2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » S2Medical AB (OSTO:S2M) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

S21:Germany

Address

Sunnorpsgatan 5, Linkoping, SWE, 582 73

Website

https://www.s2m.se

S2Medical AB is a research-intensive MedTech company from Sweden. The company has developed several unique wound care products and has many disruptive technologies in the pipeline. Its products include wound debridment, blood stilling, skin grafting, tissue substitutes, bandage, and antimicrobial.

S2Medical AB (OSTO:S2M) Headlines

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S2Medical AB (OSTO:S2M) Cash-to-Debt : No Debt (1) (As of Mar. 2024)