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. ZimVie's cash to debt ratio for the quarter that ended in Jun. 2022 was 0.22.
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, ZimVie couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.
The historical rank and industry rank for ZimVie's Cash-to-Debt or its related term are showing as below:
ZIMV'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.28 Max: 1.73
Current: 0.22
During the past 4 years, ZimVie's highest Cash to Debt Ratio was 1.73. The lowest was 0.17. And the median was 0.28.
ZIMV's Cash-to-Debt is ranked worse than 87.53% of 842
companies
in the Medical Devices & Instruments industry
Industry Median: 2.89
vs ZIMV: 0.22
ZimVie Cash-to-Debt Historical Data
The historical data trend for ZimVie'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.
ZimVie Annual Data
Trend
Dec18
Dec19
Dec20
Dec21
Cash-to-Debt
N/A
0.43
0.31
1.73
ZimVie Quarterly Data
Dec18
Dec19
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Cash-to-Debt
N/A
0.25
1.73
0.17
0.22
Competitive Comparison
For the Medical Devices subindustry, ZimVie'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.
ZimVie Cash-to-Debt Distribution
For the Medical Devices & Instruments industry and Healthcare sector, ZimVie's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where ZimVie's Cash-to-Debt falls into.
* 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.
ZimVie (NAS:ZIMV) 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.
ZimVie Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of ZimVie's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
ZimVie Inc is focused on the dental and spine markets and their respective growth drivers such as implants, surgical tools, bone graft substitutes, spinal fusion implants, non-fusion alternatives, and digital care management solutions.
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