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. SomaLogic's cash to debt ratio for the quarter that ended in Jun. 2022 was No Debt.
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, SomaLogic could pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.
The historical rank and industry rank for SomaLogic's Cash-to-Debt or its related term are showing as below:
SLGC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 5.59 Med: No Debt Max: No Debt
Current: No Debt
During the past 2 years, SomaLogic's highest Cash to Debt Ratio was No Debt. The lowest was 5.59. And the median was No Debt.
SLGC's Cash-to-Debt is ranked better than 99.85% of 666
companies
in the Healthcare Providers & Services industry
Industry Median: 0.85
vs SLGC: No Debt
SomaLogic Cash-to-Debt Historical Data
The historical data trend for SomaLogic'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.
* Premium members only.
SomaLogic Annual Data
Trend
Dec20
Dec21
Cash-to-Debt
5.59
No Debt
SomaLogic Quarterly Data
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Cash-to-Debt
N/A
No Debt
No Debt
No Debt
No Debt
Competitive Comparison
For the Health Information Services subindustry, SomaLogic'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.
SomaLogic Cash-to-Debt Distribution
For the Healthcare Providers & Services industry and Healthcare sector, SomaLogic's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where SomaLogic's Cash-to-Debt falls into.
SomaLogic's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:
SomaLogic had no debt.
SomaLogic's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:
SomaLogic had no debt.
* 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.
SomaLogic (NAS:SLGC) 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.
SomaLogic Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of SomaLogic's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
SomaLogic Inc delivers precise and actionable health-management information that helps individuals to optimize their personal health and wellness throughout their lives. This information, to be provided through a global network of partners and users, is derived from SomaLogic's personalized measurement of changes in an individual's proteins over time.
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