Xybion Digital (TSXV:XYBN) Cash-to-Debt : 0.74 (As of Dec. 2023)

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What is Xybion Digital 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. Xybion Digital's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.74.

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, Xybion Digital couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:XYBN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.74 Med: 6.06 Max: 12.9
Current: 0.74

During the past 6 years, Xybion Digital's highest Cash to Debt Ratio was 12.90. The lowest was 0.74. And the median was 6.06.

TSXV:XYBN's Cash-to-Debt is ranked better than
50% of 658 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs TSXV:XYBN: 0.74

Xybion Digital Cash-to-Debt Historical Data

The historical data trend for Xybion Digital'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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Xybion Digital Cash-to-Debt Chart

Xybion Digital Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

5.47

8.14

6.34

12.18

5.89

Xybion Digital Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											3.47	5.89	8.26	6.12	0.74

Competitive Comparison of Xybion Digital's Cash-to-Debt

For the Health Information Services subindustry, Xybion Digital'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.

Xybion Digital's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

Xybion Digital 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.

Xybion Digital's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	7.238	/	(0.471	+	0.757)
	=	5.89

Xybion Digital's Cash to Debt Ratio for the quarter 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)
	=	10.047	/	(0.699	+	12.92)
	=	0.74

Xybion Digital (TSXV:XYBN) 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.

Xybion Digital Cash-to-Debt Related Terms

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

Xybion Digital (TSXV:XYBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Xybion Digital Inc (TSXV:XYBN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 College Road E., Princeton, NJ, USA, 08540

Website

https://www.xybion.com

Xybion Digital Inc operates as a SaaS company dedicated to providing life sciences and health systems companies with software solutions to accelerate the transformation of medicines, devices, and diagnostic tests. It offers end-to-end cloud software as a SaaS (software as a service) for core business processes like research and development, testing laboratory operations, workplace and employee health and safety management with embedded compliance, quality, risk, and enterprise content management systems all on a single cloud and a single database. The majority of the Company's revenue is generated in the United States.

Xybion Digital (TSXV:XYBN) Headlines

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