Nexia Health Technologies (TSXV:NGH.H) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2019)

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What is Nexia Health Technologies 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. Nexia Health Technologies's cash to debt ratio for the quarter that ended in Dec. 2019 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, Nexia Health Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2019.

(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 Nexia Health Technologies's Cash-to-Debt or its related term are showing as below:

TSXV:NGH.H's Cash-to-Debt is not ranked ^*
in the Conglomerates industry.
Industry Median: 0.48
* Ranked among companies with meaningful Cash-to-Debt only.

Nexia Health Technologies Cash-to-Debt Historical Data

The historical data trend for Nexia Health Technologies'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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Nexia Health Technologies Cash-to-Debt Chart

Nexia Health Technologies Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Cash-to-Debt

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0.03

0.08

No Debt

Nexia Health Technologies Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Nexia Health Technologies's Cash-to-Debt

For the Conglomerates subindustry, Nexia Health Technologies'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.

Nexia Health Technologies's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nexia Health Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nexia Health Technologies's Cash-to-Debt falls into.

Nexia Health Technologies 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.

Nexia Health Technologies's Cash to Debt Ratio for the fiscal year that ended in Mar. 2019 is calculated as:

Nexia Health Technologies had no debt ⁽¹⁾.

Nexia Health Technologies's Cash to Debt Ratio for the quarter that ended in Dec. 2019 is calculated as:

Nexia Health Technologies had no debt ⁽¹⁾.

Nexia Health Technologies (TSXV:NGH.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.

Nexia Health Technologies Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Nexia Health Technologies's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Nexia Health Technologies (TSXV:NGH.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nexia Health Technologies Inc (TSXV:NGH.H) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Allstate Parkway, 6th Floor, Markham, ON, CAN, L3R5B4

Website

http://www.nexiahealth.com

Nexia Health Technologies Inc engaged in the development, sale, and support of application software and related services to customers in the healthcare industry in Canada and the United States. The company is engaged in the licensing and sale of its intellectual property. It provides Healthcare Technology solutions, which involves Cloud, Clearinghouse, eForms designer and Mobile application designer. The company generates revenue by selling monthly utilization of its application software and by selling perpetual licenses of the company's application software and related support and maintenance. The company discontinued all its operation.

Nexia Health Technologies (TSXV:NGH.H) Headlines

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Nexia Health Technologies (TSXV:NGH.H) Cash-to-Debt : No Debt (1) (As of Dec. 2019)