Vitalhub (TSX:VHI) Cash-to-Debt

: 61.89 (As of Dec. 2023)

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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. Vitalhub's cash to debt ratio for the quarter that ended in Dec. 2023 was 61.89.

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, Vitalhub could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:VHI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 19.79 Max: 61.89
Current: 61.89

During the past 9 years, Vitalhub's highest Cash to Debt Ratio was 61.89. The lowest was 0.01. And the median was 19.79.

TSX:VHI's Cash-to-Debt is ranked better than
89.31% of 655 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs TSX:VHI: 61.89

Vitalhub Cash-to-Debt Historical Data

The historical data trend for Vitalhub'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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Vitalhub Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.81

23.68

20.67

19.79

61.89

Vitalhub Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															19.79	20.03	N/A	45.28	61.89

Competitive Comparison

For the Health Information Services subindustry, Vitalhub'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.

Vitalhub Cash-to-Debt Distribution

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

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

Vitalhub 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.

Vitalhub'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)
	=	33.48	/	(0.41	+	0.131)
	=	61.89

Vitalhub's Cash to Debt Ratio for the quarter 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)
	=	33.48	/	(0.41	+	0.131)
	=	61.89

Vitalhub (TSX:VHI) 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.

Vitalhub Cash-to-Debt Related Terms

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Vitalhub (TSX:VHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Vitalhub Corp (TSX:VHI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VHIBF:USA 6OVA:Germany

Address

480 University Avenue, Suite 1001, Toronto, ON, CAN, M5G 1V2

Website

https://www.vitalhub.com

Vitalhub Corp provides technology to Health and Human Service providers including Hospitals, Regional Health Authorities, Mental Health, Long Term Care, Home Health, and Community and Social Services. Vitalhub solutions span the categories of Electronic Health Records (EHR), Case Management, Care Coordination, Patient Flow and Operational Visibility, and Mobile Apps. It operates in one segment for its operations related to healthcare information systems in the mental health, long-term care, community health service, and hospital sectors. Geographically it's available in Canada, the United Kingdom, Australia, the USA, Western Asia, and the Rest of the world, and the majority of the revenue comes from the United Kingdom.