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Turning Point Therapeutics Cash-to-Debt

: 293.93 (As of Dec. 2020)
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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. Turning Point Therapeutics's cash to debt ratio for the quarter that ended in Dec. 2020 was 293.93.

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, Turning Point Therapeutics could pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

NAS:TPTX' s Cash-to-Debt Range Over the Past 10 Years
Min: 80.94   Med: 5146.96   Max: No Debt
Current: 293.93
80.94
No Debt

During the past 4 years, Turning Point Therapeutics's highest Cash to Debt Ratio was No Debt. The lowest was 80.94. And the median was 5146.96.

NAS:TPTX's Cash-to-Debt is ranked higher than
80% of the 1366 Companies
in the Biotechnology industry.

( Industry Median: 12.05 vs. NAS:TPTX: 293.93 )

Turning Point Therapeutics Cash-to-Debt Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Turning Point Therapeutics Annual Data
Dec17 Dec18 Dec19 Dec20
Cash-to-Debt No Debt No Debt 80.94 293.93

Turning Point Therapeutics Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 80.94 79.96 159.22 171.67 293.93
Competitive Comparison
* 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.

Turning Point Therapeutics Cash-to-Debt Distribution

* The bar in red indicates where Turning Point Therapeutics's Cash-to-Debt falls into.


Turning Point Therapeutics 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.

Turning Point Therapeutics's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
=1122.508 / (1.396 + 2.423)
=293.93

Turning Point Therapeutics's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
=1122.508 / (1.396 + 2.423)
=293.93

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Turning Point Therapeutics  (NAS:TPTX) 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.

Turning Point Therapeutics Cash-to-Debt Related Terms

Turning Point Therapeutics Cash-to-Debt Headlines

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