CANOQ (Cano Health) Cash-to-Debt : 0.12 (As of Mar. 2024)

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What is Cano Health 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. Cano Health's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.12.

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, Cano Health couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

CANOQ's Cash-to-Debt is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 0.77
* Ranked among companies with meaningful Cash-to-Debt only.

Cano Health Cash-to-Debt Historical Data

The historical data trend for Cano Health'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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Cano Health Cash-to-Debt Chart

Cano Health Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.07

0.15

0.02

0.07

Cano Health Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.04	0.02	0.03	0.07	0.12

Competitive Comparison of Cano Health's Cash-to-Debt

For the Medical Care Facilities subindustry, Cano Health'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.

Cano Health's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Cano Health's Cash-to-Debt distribution charts can be found below:

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

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Cano Health 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.

Cano Health'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)
	=	93.923	/	(1183.264	+	131.373)
	=	0.07

Cano Health's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	179.393	/	(200.137	+	1300.725)
	=	0.12

Cano Health (OTCPK:CANOQ) 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.

Cano Health Cash-to-Debt Related Terms

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Cano Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cano Health Inc (OTCPK:CANOQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9725 NW 117th Avenue, Miami, FL, USA, 33178

Website

https://www.canohealth.com

Cano Health Inc is a high-touch, technology-powered healthcare company delivering personalized, value-based primary care to approximately 310,000 members. It is transforming healthcare by delivering primary care that measurably improves the health, wellness, and quality of life of its patients and the communities it serves through its primary care medical centers and supporting affiliated providers.

Executives

Elliot Cooperstone	director, 10 percent owner	C/O CANO HEALTH, INC., 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Eladio Gil	officer: Interim CFO	9725 NW 17TH AVENUE, SUITE 200, MIAMI FL 33178
Robert Camerlinck	officer: Chief Operating Officer	9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Richard Aguilar	officer: Chief Clinical Officer	9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Mark D. Kent	officer: Interim CEO	9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
David J Armstrong	officer: See Remarks	9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Brian D Koppy	officer: Chief Financial Officer	9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Lewis Gold	director	1235 SPANISH RIVER ROAD, BOCA RATON FL 33432
Marlow Hernandez	director, officer: See Remarks	9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Solomon D Trujillo	director	1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403
Alan Muney	director	48 MONROE TURNPIKE, TRUMBULL CT 06611
Kim M Rivera	director	601 HAWAII ST, EL SEGUNDO CA 90245
Itc Rumba, Llc	10 percent owner	444 MADISON AVENUE, 35TH FLOOR, NEW YORK NY 10022
Jacqueline Guichelaar	director	C/O CANO HEALTH, INC., 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Angel L Morales	director	C/O CANO HEALTH, INC., 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178