TripSitter Clinic (TripSitter Clinic) Cash-to-Debt : 0.01 (As of Oct. 2023)

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What is TripSitter Clinic 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. TripSitter Clinic's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.01.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, TripSitter Clinic couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

During the past 3 years, TripSitter Clinic's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 3.29.

TSTTF's Cash-to-Debt is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 0.665
* Ranked among companies with meaningful Cash-to-Debt only.

TripSitter Clinic Cash-to-Debt Historical Data

The historical data trend for TripSitter Clinic'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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TripSitter Clinic Cash-to-Debt Chart

TripSitter Clinic Annual Data

Trend

Jan21

Jan22

Jan23

Cash-to-Debt

43.36

No Debt

0.41

TripSitter Clinic Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	0.41	0.09	0.01	0.01

Competitive Comparison of TripSitter Clinic's Cash-to-Debt

For the Health Information Services subindustry, TripSitter Clinic'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.

TripSitter Clinic's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, TripSitter Clinic's Cash-to-Debt distribution charts can be found below:

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

TripSitter Clinic 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.

TripSitter Clinic's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	0.041	/	(0.1	+	0)
	=	0.41

TripSitter Clinic's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	0.001	/	(0.185	+	0)
	=	0.01

TripSitter Clinic (OTCPK:TSTTF) 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.

TripSitter Clinic Cash-to-Debt Related Terms

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TripSitter Clinic (TripSitter Clinic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » TripSitter Clinic Ltd (OTCPK:TSTTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

UY00:Germany KETA:Canada

Address

77 King Street West, Suite 700, Toronto, ON, CAN, M5K 1G8

Website

https://www.tripsitter.clinic

TripSitter Clinic Ltd is a consultative virtual clinic and telehealth platform that connects prospective patients to a licensed physician in the United States who can evaluate for a prescribed treatment program of low-dose, oral ketamine medication. Its revenues are generated from the provision of initial consultations and monthly subscriptions to patients seeking mental health treatment that includes legal psychedelic medicine connected with licensed medical practitioners.