Sharps Technology (Sharps Technology) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Sharps Technology 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. Sharps Technology's cash to debt ratio for the quarter that ended in Dec. 2023 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, Sharps Technology could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Sharps Technology's Cash-to-Debt or its related term are showing as below:

STSSW' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.11 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, Sharps Technology's highest Cash to Debt Ratio was No Debt. The lowest was 2.11. And the median was No Debt.

STSSW's Cash-to-Debt is ranked better than
99.65% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs STSSW: No Debt

Sharps Technology Cash-to-Debt Historical Data

The historical data trend for Sharps Technology'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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Sharps Technology Cash-to-Debt Chart

Sharps Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

2.11

No Debt

Sharps Technology Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Sharps Technology's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Sharps Technology'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.

Sharps Technology's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Sharps Technology 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.

Sharps Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Sharps Technology had no debt ⁽¹⁾.

Sharps Technology's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Sharps Technology had no debt ⁽¹⁾.

Sharps Technology (NAS:STSSW) 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.

Sharps Technology Cash-to-Debt Related Terms

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Sharps Technology (Sharps Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sharps Technology Inc (NAS:STSSW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

STSS:USA

Address

105 Maxess Road, Suite 124, Melville, NY, USA, 11747

Website

https://www.sharpstechnology.com

Sharps Technology Inc is a medical device company. It offers syringes and other safety products. Sharps provensa ultra-low waste smart safety syringes are designed to eliminate over two million potentially infectious and accidental needlestick injuries.