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Sandoz Group AGXSWX:SDZ -0.65%26 Cash-to-Debt is 0.20 as of Jun. 2026, which is 17% below its 10-year median of 0.24. GuruFocus rates XSWX:SDZ with a GF Score™ of 26/100 and a GF Value™ of CHF47.01 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 982 Drug Manufacturers companies, Sandoz Group AG ranks worse than 76.99% on this metric.
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. Sandoz Group AG's cash to debt ratio for the quarter that ended in Jun. 2026 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, Sandoz Group AGcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Sandoz Group AG's Cash-to-Debt or its related term are showing as below:
XSWX:SDZ'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.24 Max: 0.31
Current: 0.2
During the past 4 years, Sandoz Group AG's highest Cash to Debt Ratio was 0.31. The lowest was 0.16. And the median was 0.24.
XSWX:SDZ's Cash-to-Debt is ranked worse than 76.99% of 982
companies
in the Drug Manufacturers industry
Industry Median: 0.965
vs XSWX:SDZ: 0.20
Sandoz Group AG (XSWX:SDZ) 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.
Sandoz Group AG Cash-to-Debt Related Terms
Sandoz Group AG Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Sandoz Group AG'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.
XSWX:SDZ vs ZTS, UTHR, VTRS: Cash-to-Debt Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Sandoz Group AG'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.
Sandoz Group AG Cash-to-Debt vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Sandoz Group AG's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Sandoz Group AG's Cash-to-Debt falls into.
* 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.
Sandoz Group AG (XSWX:SDZ) has a Cash-to-Debt of 0.20 as of Jun. 2026. This is 17% below median its historical median of 0.24. Over the past decade, Sandoz Group AG's Cash-to-Debt has ranged from 0.16 to 0.31. According to the industry distribution chart, Sandoz Group AG ranks #756 out of 982 companies in the Drug Manufacturers industry, placing it in the top 77%.
Is Sandoz Group AG's Cash-to-Debt too high?
Sandoz Group AG's current Cash-to-Debt of 0.20 is 17% below median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.31. The Drug Manufacturers industry median Cash-to-Debt is 0.97. Sandoz Group AG's value of 0.20 is 79.3% below this industry median. Based on the distribution chart, Sandoz Group AG ranks #756 out of 982 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Sandoz Group AG has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandoz Group AG's Cash-to-Debt compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Sandoz Group AG ranks #756 out of 982 companies for Cash-to-Debt. This places Sandoz Group AG in the lower half of its industry. The industry median Cash-to-Debt is 0.97. Sandoz Group AG's value of 0.20 is 79.3% below this benchmark. Historically, Sandoz Group AG's own Cash-to-Debt has ranged from 0.16 to 0.31 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.97, Sandoz Group AG has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Drug Manufacturers company?
The median Cash-to-Debt among Drug Manufacturers companies is 0.97, based on 982 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sandoz Group AG's current Cash-to-Debt of 0.20 is 79.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Drug Manufacturers industry, the median Cash-to-Debt is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sandoz Group AG's current Cash-to-Debt is 0.20, which is 17% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandoz Group AG stock overvalued right now?
Based on GuruFocus' analysis, Sandoz Group AG (XSWX:SDZ) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF47.01, compared to a current price of CHF67.76 — trading 44.1% above its estimated fair value. The current Cash-to-Debt is 0.20, which is 17% below median its 10-year median of 0.24 and 79.3% below the Drug Manufacturers industry median of 0.97. Sandoz Group AG's overall GF Score™ is 26/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Sandoz Group AG (XSWX:SDZ), the current Cash-to-Debt is 0.20 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sandoz Group AG (XSWX:SDZ) Overvalued in 2026?
Based on GuruFocus' analysis, Sandoz Group AG stock appears to be overvalued.
The current stock price of CHF67.76 is trading 44.1% above its estimated GF Value™ of CHF47.01.
GuruFocus considers Sandoz Group AG to be Significantly Overvalued.
Key valuation signals for XSWX:SDZ:
Cash-to-Debt: 0.20 (17% below median its 10-year median of 0.24)
GF Value™: CHF47.01 vs. price of CHF67.76 (44.1% above fair value)
Industry Position: 79.3% below the Drug Manufacturers median (#756 of 982)
No single metric tells the full story. See the XSWX:SDZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $11 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among the leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006, as well as the first US biosimilar, Zarxio, in 2015. It has over 10 launched biosimilars in a number of markets and over 20 assets in its pipeline.
26GF Score
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