TNON (Tenon Medical) Cash-to-Debt : 18.51 (As of Sep. 2024)

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What is Tenon Medical 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. Tenon Medical's cash to debt ratio for the quarter that ended in Sep. 2024 was 18.51.

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, Tenon Medical could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TNON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 5.74 Max: 18.51
Current: 18.51

During the past 4 years, Tenon Medical's highest Cash to Debt Ratio was 18.51. The lowest was 0.32. And the median was 5.74.

TNON's Cash-to-Debt is ranked better than
79.16% of 859 companies
in the Medical Devices & Instruments industry
Industry Median: 1.65 vs TNON: 18.51

Tenon Medical Cash-to-Debt Historical Data

The historical data trend for Tenon Medical'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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Tenon Medical Cash-to-Debt Chart

Tenon Medical Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.43

0.50

9.41

1.31

Tenon Medical Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial											4.54	1.31	7.04	3.51	18.51

Competitive Comparison of Tenon Medical's Cash-to-Debt

For the Medical Devices subindustry, Tenon Medical'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.

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

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

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

Tenon Medical 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.

Tenon Medical'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)
	=	2.428	/	(1.429	+	0.428)
	=	1.31

Tenon Medical's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	9.162	/	(0.279	+	0.216)
	=	18.51

Tenon Medical (NAS:TNON) 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.

Tenon Medical Cash-to-Debt Related Terms

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Tenon Medical Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

104 Cooper Court, Los Gatos, CA, USA, 95032

Website

https://www.tenonmed.com

Tenon Medical Inc is a medical device company that has developed a novel, minimally invasive approach to the sacroiliac joint (the SI Joint) using a single, robust, titanium implant for the treatment of the common types of SI Joint disorders that cause lower back pain. The Company is focused on three commercial opportunities: 1) Primary SI Joint procedures, 2) Revision procedures of failed SI Joint implants, and 3) SI Joint fusion adjunct to a spine fusion construct. The company derives the majority of its revenue from sales of The Catamaran System to a limited number of clinicians.

Executives

Van Dick Steven M	officer: Chief Financial Officer	HANSEN MEDICAL, INC., 380 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Richard Ginn	director, officer: Chief Technology Officer	104 COOPER COURT, LOS GATOS CA 95032
Steven M Foster	director, officer: CEO and President	104 COOPER COURT, LOS GATOS CA 95032
Stephen Hochschuler	director	C/O TENON MEDICAL, INC., 104 COOPER COURT, LOS GATOS CA 95032
Frank M Fischer	director	9701 JERONIMO, IRVINE CA 92618
Richard M Ferrari	director	2118 WALSH AVENUE, SUITE 210, SANTA CLARA CA 95050
Ivan Howard	director	104 COOPER COURT, LOS GATOS CA 95032
Robert K Weigle	director	104 COOPER COURT, LOS GATOS CA 95032
Ventures Ag Zuhlke	10 percent owner	ZURCHERSTRASSE 39J, SCHLIEREN V8 8952