Medcom Tech (XMAD:MED) Cash-to-Debt : 0.20 (As of Dec. 2022)

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What is Medcom Tech 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. Medcom Tech's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.20.

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, Medcom Tech couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

XMAD:MED' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: 0.55
Current: 0.2

During the past 13 years, Medcom Tech's highest Cash to Debt Ratio was 0.55. The lowest was 0.06. And the median was 0.25.

XMAD:MED's Cash-to-Debt is not ranked
in the Medical Distribution industry.
Industry Median: 0.775 vs XMAD:MED: 0.20

Medcom Tech Cash-to-Debt Historical Data

The historical data trend for Medcom Tech'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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Medcom Tech Cash-to-Debt Chart

Medcom Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.34

0.55

0.45

0.27

0.20

Medcom Tech Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial									0.34	0.55	0.45	0.27	0.20

Competitive Comparison of Medcom Tech's Cash-to-Debt

For the Medical Distribution subindustry, Medcom Tech'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.

Medcom Tech's Cash-to-Debt Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Medcom Tech's Cash-to-Debt distribution charts can be found below:

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

Medcom Tech 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.

Medcom Tech's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1.017	/	(1.075	+	4.027)
	=	0.20

Medcom Tech's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1.017	/	(1.075	+	4.027)
	=	0.20

Medcom Tech (XMAD:MED) 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.

Medcom Tech Cash-to-Debt Related Terms

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

Medcom Tech (XMAD:MED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Medcom Tech SA (XMAD:MED) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/ Catalunya, 83-85, Viladecans Business Park - Edificio Brasil, Viladecans, Barcelona, ESP, 08840

Website

http://www.medcomtech.es

Medcom Tech SA is engaged in the distribution of medical and surgical products in the areas of orthopedics, traumatology, and neurosurgery in Spain and Portugal.