EMvision Medical Devices (ASX:EMV) Cash-to-Debt

: 2.85 (As of Dec. 2023)

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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. EMvision Medical Devices's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.85.

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, EMvision Medical Devices could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:EMV' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.85 Med: 45.49 Max: No Debt
Current: 2.85

During the past 5 years, EMvision Medical Devices's highest Cash to Debt Ratio was No Debt. The lowest was 2.85. And the median was 45.49.

ASX:EMV's Cash-to-Debt is ranked better than
55.62% of 863 companies
in the Medical Devices & Instruments industry
Industry Median: 2.01 vs ASX:EMV: 2.85

EMvision Medical Devices Cash-to-Debt Historical Data

The historical data trend for EMvision Medical Devices'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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EMvision Medical Devices Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

45.49

9.21

3.28

EMvision Medical Devices Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt							80.91	9.21	14.82	3.28	2.85

Competitive Comparison

For the Medical Devices subindustry, EMvision Medical Devices'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.

EMvision Medical Devices Cash-to-Debt Distribution

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

* The bar in red indicates where EMvision Medical Devices's Cash-to-Debt falls into.

EMvision Medical Devices 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.

EMvision Medical Devices's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	9.969	/	(2.728	+	0.313)
	=	3.28

EMvision Medical Devices'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)
	=	8.48	/	(2.782	+	0.191)
	=	2.85

EMvision Medical Devices (ASX:EMV) 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.

EMvision Medical Devices Cash-to-Debt Related Terms

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EMvision Medical Devices (ASX:EMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » EMvision Medical Devices Ltd (ASX:EMV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 Epping Road, Suite 4.01, Macquarie Park, NSW, AUS, 2113

Website

https://www.emvision.com.au

EMvision Medical Devices Ltd is an Australian medical device company. The company is focused on the research, development, and commercialization of medical imaging and diagnostic technology. It is seeking to commercialize a potentially low-cost, portable medical imaging device using electromagnetic microwave imaging for stroke diagnosis and monitoring and other medical imaging needs.

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