Medimi AB (XSAT:MEDIMI) Cash-to-Debt : 2.89 (As of Mar. 2024)

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What is Medimi AB 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. Medimi AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.89.

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, Medimi AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XSAT:MEDIMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 5028.35 Max: No Debt
Current: 2.89

During the past 13 years, Medimi AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.27. And the median was 5028.35.

XSAT:MEDIMI's Cash-to-Debt is ranked better than
56.48% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.9 vs XSAT:MEDIMI: 2.89

Medimi AB Cash-to-Debt Historical Data

The historical data trend for Medimi AB'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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Medimi AB Cash-to-Debt Chart

Medimi AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

4.10

Medimi AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	4.10	2.89

Competitive Comparison of Medimi AB's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Medimi AB'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.

Medimi AB's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medimi AB's Cash-to-Debt distribution charts can be found below:

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

Medimi AB 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.

Medimi AB's Cash to Debt Ratio for the fiscal year 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)
	=	12.309	/	(0	+	3)
	=	4.10

Medimi AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	8.678	/	(0	+	3)
	=	2.89

Medimi AB (XSAT:MEDIMI) 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.

Medimi AB Cash-to-Debt Related Terms

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Medimi AB (XSAT:MEDIMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medimi AB (XSAT:MEDIMI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Zinkgatan 2, Lomma, SWE, 234 35

Website

http://www.medimiab.com

Medimi AB is engaged in the development, production, and marketing of medication products. It offers Medimi Pro and Medimi Smart computerized pill dispensers that are used by patients, consumers, and healthcare staff to follow their drug schedule. The company focus on the following market segments namely Pharmaceutical industry, Hospital and retirement homes, Home Health Care, Pharmacy and private care, and Connected Health (Telemedicine), E-Health and Integration in Other Systems.

Medimi AB (XSAT:MEDIMI) Headlines

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