Sonova Holding AG (XSWX:SOONE) Cash-to-Debt : 0.98 (As of Sep. 2023)

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What is Sonova Holding AG 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. Sonova Holding AG's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.98.

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, Sonova Holding AG couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XSWX:SOONE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 3.12 Max: No Debt
Current: 0.98

During the past 13 years, Sonova Holding AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was 3.12.

XSWX:SOONE's Cash-to-Debt is ranked worse than
62.72% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs XSWX:SOONE: 0.98

Sonova Holding AG Cash-to-Debt Historical Data

The historical data trend for Sonova Holding 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.

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Sonova Holding AG Cash-to-Debt Chart

Sonova Holding AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.62

0.43

0.97

0.41

0.23

Sonova Holding AG Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															5.57	0.41	1.11	0.23	0.98

Competitive Comparison of Sonova Holding AG's Cash-to-Debt

For the Medical Devices subindustry, Sonova Holding 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.

Sonova Holding AG's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Sonova Holding AG's Cash-to-Debt falls into.

Sonova Holding AG 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.

Sonova Holding AG'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)
	=	414.1	/	(78.6	+	1736.2)
	=	0.23

Sonova Holding AG's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	263.1	/	(67.7	+	200.2)
	=	0.98

Sonova Holding AG (XSWX:SOONE) 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.

Sonova Holding AG Cash-to-Debt Related Terms

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Sonova Holding AG (XSWX:SOONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sonova Holding AG (XSWX:SOONE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SONVY:USA SONVF:USA SOONz:UK 0QPY:UK PHBA:Germany SOON:Switzerland

Address

Laubisrutistrasse 28, Stafa, CHE, CH-8712

Website

https://www.sonova.com

Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants through its advanced bionics subsidiary and recently acquired Sennheiser's consumer division to expand into audio technologies.

Sonova Holding AG (XSWX:SOONE) Headlines

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