Neurizon Therapeutics (FRA:ECQ0) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Neurizon Therapeutics 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. Neurizon Therapeutics's cash to debt ratio for the quarter that ended in Dec. 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, Neurizon Therapeutics could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Neurizon Therapeutics's Cash-to-Debt or its related term are showing as below:

FRA:ECQ0' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.7 Med: 2.57 Max: No Debt
Current: No Debt

During the past 6 years, Neurizon Therapeutics's highest Cash to Debt Ratio was No Debt. The lowest was 1.70. And the median was 2.57.

FRA:ECQ0's Cash-to-Debt is ranked better than
99.87% of 1483 companies
in the Biotechnology industry
Industry Median: 7.71 vs FRA:ECQ0: No Debt

Neurizon Therapeutics Cash-to-Debt Historical Data

The historical data trend for Neurizon Therapeutics'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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Neurizon Therapeutics Cash-to-Debt Chart

Neurizon Therapeutics Annual Data

Trend

Jun01

Jun02

Jun03

Jun04

Jun05

Jun24

Cash-to-Debt

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0.79

1.45

4.73

2.72

No Debt

Neurizon Therapeutics Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															2.12	1.86	No Debt	No Debt	No Debt

Competitive Comparison of Neurizon Therapeutics's Cash-to-Debt

For the Biotechnology subindustry, Neurizon Therapeutics'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.

Neurizon Therapeutics's Cash-to-Debt Distribution in the Biotechnology Industry

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

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

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Neurizon Therapeutics 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.

Neurizon Therapeutics's Cash to Debt Ratio for the fiscal year that ended in Jun. 2005 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)
	=	0.495	/	(0.146	+	0.036)
	=	2.72

Neurizon Therapeutics's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Neurizon Therapeutics had no debt ⁽¹⁾.

Neurizon Therapeutics (FRA:ECQ0) 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.

Neurizon Therapeutics Cash-to-Debt Related Terms

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Neurizon Therapeutics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Neurizon Therapeutics Ltd (FRA:ECQ0) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

NUZ:Australia

Address

96-100 Albert Road, Level 4, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.neurizon.com

Neurizon Therapeutics Ltd is a clinical-stage biotech company that develops drug discovery intellectual property for the treatment of different types of neurodegenerative diseases. Its product pipeline is NUZ-001 (S-Monepantel).

Neurizon Therapeutics Headlines

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Neurizon Therapeutics (FRA:ECQ0) Cash-to-Debt : No Debt (1) (As of Dec. 2024)