Highmark Interactive (TSXV:HMRK.H) Cash-to-Debt : 0.04 (As of Sep. 2022)

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What is Highmark Interactive 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. Highmark Interactive's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.04.

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, Highmark Interactive couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

TSXV:HMRK.H's Cash-to-Debt is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 0.68
* Ranked among companies with meaningful Cash-to-Debt only.

Highmark Interactive Cash-to-Debt Historical Data

The historical data trend for Highmark Interactive'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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Highmark Interactive Cash-to-Debt Chart

Highmark Interactive Annual Data

Trend

Dec20

Dec21

Cash-to-Debt

1.25

0.72

Highmark Interactive Quarterly Data
	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	0.72	0.39	0.09	0.04

Competitive Comparison of Highmark Interactive's Cash-to-Debt

For the Health Information Services subindustry, Highmark Interactive'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.

Highmark Interactive's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

Highmark Interactive 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.

Highmark Interactive's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	3.396	/	(0.561	+	4.141)
	=	0.72

Highmark Interactive's Cash to Debt Ratio for the quarter that ended in Sep. 2022 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)
	=	0.16	/	(1.88	+	2.378)
	=	0.04

Highmark Interactive (TSXV:HMRK.H) 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.

Highmark Interactive Cash-to-Debt Related Terms

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Highmark Interactive (TSXV:HMRK.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Highmark Interactive Inc (TSXV:HMRK.H) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 George Street, Suite 602, Oakville, NU, CAN, L6J 0A2

Website

https://www.highmark.tech

Highmark Interactive Inc provides a complete solution for brain health through its proprietary digital brain health assessment tools and its growing network of virtual, in-clinic, and hybrid clinics. The company has three reportable segments; Technology, Medical services and Corporate segment.

Highmark Interactive (TSXV:HMRK.H) Headlines

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