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Alcon Cash-to-Debt

: 0.22 (As of Mar. 2022)
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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. Alcon's cash to debt ratio for the quarter that ended in Mar. 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, Alcon couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

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

ALC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2   Med: 0.33   Max: 1.9
Current: 0.22

During the past 6 years, Alcon's highest Cash to Debt Ratio was 1.90. The lowest was 0.20. And the median was 0.33.

ALC's Cash-to-Debt is ranked worse than
87.9% of 843 companies
in the Medical Devices & Instruments industry
Industry Median: 3.17 vs ALC: 0.22

Alcon Cash-to-Debt Historical Data

The historical data trend for Alcon'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.

Alcon Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cash-to-Debt
Premium Member Only 1.15 1.90 0.23 0.35 0.35

Alcon Quarterly Data
Dec16 Dec17 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.30 0.35 0.35 0.22

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Alcon'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.

   

Alcon Cash-to-Debt Distribution

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

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



Alcon 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.

Alcon's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Alcon's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:

* 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.


Alcon  (NYSE:ALC) 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.


Alcon Cash-to-Debt Related Terms

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


Alcon Business Description

Alcon logo
Traded in Other Exchanges
Address
Chemin de Blandonnet 8, Royce Bedward, Vernier, Geneva, CHE, 1214
Alcon, headquartered in Fort Worth, Texas, is the global eyecare leader with a diverse portfolio in ophthalmology including contact lenses, eye drops, surgical equipment, and related surgical products. Novartis purchased Alcon from Nestle in 2010 and, following nine years as a Novartis subsidiary, the company was spun-off as a public company in April 2019. The company reports five distinct segments: implantables (16% of revenue), consumables (31%), equipment (9%), contact lenses (27%), and ocular health (17%). The company is geographically diversified, with only about 40% of revenue from the U.S. market, and the firm has a strong presence in the European Union and Japan.

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