Merit Medical Systems (Merit Medical Systems) Cash-to-Debt : 0.66 (As of Dec. 2023)

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What is Merit Medical Systems 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. Merit Medical Systems's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.66.

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, Merit Medical Systems couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

MMSI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.66
Current: 0.66

During the past 13 years, Merit Medical Systems's highest Cash to Debt Ratio was 0.66. The lowest was 0.02. And the median was 0.12.

MMSI's Cash-to-Debt is ranked worse than
69.49% of 862 companies
in the Medical Devices & Instruments industry
Industry Median: 2.03 vs MMSI: 0.66

Merit Medical Systems Cash-to-Debt Historical Data

The historical data trend for Merit Medical Systems'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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Merit Medical Systems Cash-to-Debt Chart

Merit Medical Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.09

0.13

0.22

0.66

Merit Medical Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.22	0.18	0.17	0.66

Competitive Comparison of Merit Medical Systems's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Merit Medical Systems'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.

Merit Medical Systems's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Merit Medical Systems 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.

Merit Medical Systems'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)
	=	587.036	/	(12.087	+	879.272)
	=	0.66

Merit Medical Systems'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)
	=	587.036	/	(12.087	+	879.272)
	=	0.66

Merit Medical Systems (NAS:MMSI) 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.

Merit Medical Systems Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Merit Medical Systems's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Merit Medical Systems (Merit Medical Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Merit Medical Systems Inc (NAS:MMSI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MM3:Germany

Address

1600 West Merit Parkway, South Jordan, UT, USA, 84095

Website

https://www.merit.com

Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for use in interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. Majority of the revenue is earned from Cardiovascular segment. United States generates majority of the revenue.

Executives

F. Ann Millner	director	4275 SPRING ROAD, OGDEN UT 84403
Neil Peterson	officer: Chief Operating Officer	1600 MERIT PARKWAY, SOUTH JORDAN UT 84095
A Scott Anderson	director	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Michel James Voigt	officer: Chief Human Resources Officer	1600 W MERIT PARKWAY, SOUTH JORDAN UT 84095
Fred P Lampropoulos	director, officer: President & CEO
Lynne Ward	director	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Raul Jr. Parra	officer: Interim CFO	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Joseph Wright	officer: President, International	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Brian G. Lloyd	officer: Chief Legal Officer, Secretary	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Ronald Frost	officer: Chief Operating Officer	1600 WEST MERIT PARKWAY, SOUTH JORDAN X1 84095
Robert Fredericks	officer: Chief Strategy & Innovation O.	1600 MERIT PARKWAY, SOUTH JORDAN UT 84095
Laura S. Kaiser	director	10101 WOODFIELD LANE, ST. LOUIS MO 63132
Michael R Mcdonnell	director	C/O IQVIA HOLDINGS INC., 83 WOOSTER HEIGHTS ROAD, DANBURY CT 06810
Jill Anderson	director	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Stephen C. Evans	director	C/O ALARM.COM HOLDINGS, INC., 8281 GREENSBORO DRIVE, SUITE 100, TYSONS VA 22102