Visioneering Technologies (ASX:VTI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Visioneering Technologies 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. Visioneering Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Visioneering Technologies could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:VTI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.62 Med: 4.1 Max: No Debt
Current: 2.6

During the past 7 years, Visioneering Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.62. And the median was 4.10.

ASX:VTI's Cash-to-Debt is ranked better than
54.19% of 860 companies
in the Medical Devices & Instruments industry
Industry Median: 2.03 vs ASX:VTI: 2.60

Visioneering Technologies Cash-to-Debt Historical Data

The historical data trend for Visioneering Technologies'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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Visioneering Technologies Cash-to-Debt Chart

Visioneering Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.67

0.62

4.01

4.10

No Debt

Visioneering Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									4.01	2.49	4.10	2.82	No Debt

Competitive Comparison of Visioneering Technologies's Cash-to-Debt

For the Medical Devices subindustry, Visioneering Technologies'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.

Visioneering Technologies's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Visioneering Technologies 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.

Visioneering Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Visioneering Technologies had no debt ⁽¹⁾.

Visioneering Technologies's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Visioneering Technologies had no debt ⁽¹⁾.

Visioneering Technologies (ASX:VTI) 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.

Visioneering Technologies Cash-to-Debt Related Terms

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Visioneering Technologies (ASX:VTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Visioneering Technologies Inc (ASX:VTI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10745 Westside Way, Suite 200, Alpharetta, GA, USA, 30009

Website

http://www.vtivision.com

Visioneering Technologies Inc is a medical device company. It designs, manufactures, sales and distributes its NaturalVue daily disposable multifocal contact lenses for adults with Presbyopia and children with Myopia. The company offers NaturalVue MF contact lenses. Its Multifocal contact lens provides Presbyopia patients with near, intermediate, and distance vision and which is much easier for eye care professionals to fit their patients.