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SEOVF (Sernova) Cash-to-Debt : 8.47 (As of Jul. 2024)


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What is Sernova 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. Sernova's cash to debt ratio for the quarter that ended in Jul. 2024 was 8.47.

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, Sernova could pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

SEOVF' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.62   Med: No Debt   Max: No Debt
Current: 8.48

During the past 13 years, Sernova's highest Cash to Debt Ratio was No Debt. The lowest was 5.62. And the median was No Debt.

SEOVF's Cash-to-Debt is ranked better than
53.67% of 1487 companies
in the Biotechnology industry
Industry Median: 6.38 vs SEOVF: 8.48

Sernova Cash-to-Debt Historical Data

The historical data trend for Sernova'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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Sernova Cash-to-Debt Chart

Sernova Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt 5.62 70.94 180.91 145.90

Sernova Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 179.34 145.90 24.49 13.84 8.47

Competitive Comparison of Sernova's Cash-to-Debt

For the Biotechnology subindustry, Sernova'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.


Sernova's Cash-to-Debt Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Sernova's Cash-to-Debt distribution charts can be found below:

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



Sernova 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.

Sernova's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Sernova's Cash to Debt Ratio for the quarter that ended in Jul. 2024 is calculated as:

* 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.


Sernova  (OTCPK:SEOVF) 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.


Sernova Cash-to-Debt Related Terms

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


Sernova Business Description

Traded in Other Exchanges
Address
700 Collip Circle, The Stiller Centre, Suite 114, London, ON, CAN, N6G 4X8
Sernova Corp is a clinical-stage company developing products for the treatment of chronic debilitating diseases. The company is engaged in the research and development of its proprietary Cell Pouch and associated technologies including immune-protected therapeutic cells. The Cell Pouch is is a scalable, implantable medical device designed to create a vascularized organ-like environment for the transplantation and engraftment of therapeutic cells, which then release proteins, hormones or other factors into the bloodstream for the long-term treatment of multiple chronic diseases such as type 1 diabetes, hypothyroid disease, and rare diseases such as hemophilia A.