Sectra AB (STU:ECRH) Cash-to-Debt : 28.32 (As of Jan. 2024)

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What is Sectra 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. Sectra AB's cash to debt ratio for the quarter that ended in Jan. 2024 was 28.32.

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, Sectra AB could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

STU:ECRH' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.38 Med: 31.29 Max: No Debt
Current: 28.33

During the past 13 years, Sectra AB's highest Cash to Debt Ratio was No Debt. The lowest was 2.38. And the median was 31.29.

STU:ECRH's Cash-to-Debt is ranked better than
81.67% of 840 companies
in the Medical Devices & Instruments industry
Industry Median: 1.97 vs STU:ECRH: 28.33

Sectra AB Cash-to-Debt Historical Data

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

Sectra AB Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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10.54

3.95

6.19

12.91

11.49

Sectra AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															7.49	11.49	10.36	17.38	28.32

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

For the Medical Devices subindustry, Sectra 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.

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

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

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

Sectra 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.

Sectra AB's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	83.304	/	(2.229	+	5.021)
	=	11.49

Sectra AB's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	61.037	/	(1.114	+	1.041)
	=	28.32

Sectra AB (STU:ECRH) 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.

Sectra AB Cash-to-Debt Related Terms

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Sectra AB (STU:ECRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sectra AB (STU:ECRH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SECT B:Sweden 0A0L:UK 61L1:Germany

Address

Teknikringen 20, Linkoping, SWE, SE-583 30

Website

https://www.sectra.com

Sectra AB develops IT solutions and services for storing, viewing, and working with medical images. The operating business segments are Imaging IT Solutions, Secure Communications, Business Innovation, and Other Operations. It generates maximum revenue from the Imaging IT Solutions segment. The company also offers maintenance in the form of support, system monitoring, and consulting services related to integration, system design, data migration, and business development. Geographically, it derives a majority of its revenue from Sweden and also has a presence in the Netherlands; the United Kingdom, and the Rest of Europe.

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