Professional Medical Expertise Co (SAU:9574) Cash-to-Debt : 0.09 (As of Dec. 2022)

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What is Professional Medical Expertise Co 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. Professional Medical Expertise Co's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.09.

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, Professional Medical Expertise Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for Professional Medical Expertise Co's Cash-to-Debt or its related term are showing as below:

SAU:9574' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.09
Current: 0.02

During the past 2 years, Professional Medical Expertise Co's highest Cash to Debt Ratio was 0.09. The lowest was 0.02. And the median was 0.05.

SAU:9574's Cash-to-Debt is ranked worse than
98.67% of 828 companies
in the Medical Devices & Instruments industry
Industry Median: 1.97 vs SAU:9574: 0.02

Professional Medical Expertise Co Cash-to-Debt Historical Data

The historical data trend for Professional Medical Expertise Co'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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Professional Medical Expertise Co Cash-to-Debt Chart

Professional Medical Expertise Co Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.09

0.02

Professional Medical Expertise Co Quarterly Data
	Dec22	Dec23
Cash-to-Debt	0.09	0.02

Competitive Comparison of Professional Medical Expertise Co's Cash-to-Debt

For the Medical Devices subindustry, Professional Medical Expertise Co'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.

Professional Medical Expertise Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Professional Medical Expertise Co's Cash-to-Debt falls into.

Professional Medical Expertise Co 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.

Professional Medical Expertise Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.952	/	(61.781	+	2.576)
	=	0.01

Professional Medical Expertise Co's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	5.316	/	(56.662	+	1.886)
	=	0.09

Professional Medical Expertise Co (SAU:9574) 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.

Professional Medical Expertise Co Cash-to-Debt Related Terms

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Professional Medical Expertise Co (SAU:9574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Professional Medical Expertise Co (SAU:9574) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434

Website

https://www.promedex.com

Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

Professional Medical Expertise Co (SAU:9574) Headlines

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