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Perimeter Medical Imaging AI (TSXV:PINK) Cash-to-Debt

: 72.42 (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. Perimeter Medical Imaging AI's cash to debt ratio for the quarter that ended in Dec. 2023 was 72.42.

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, Perimeter Medical Imaging AI 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 Perimeter Medical Imaging AI's Cash-to-Debt or its related term are showing as below:

TSXV:PINK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09   Med: 29.21   Max: 87.21
Current: 72.42

During the past 5 years, Perimeter Medical Imaging AI's highest Cash to Debt Ratio was 87.21. The lowest was 0.09. And the median was 29.21.

TSXV:PINK's Cash-to-Debt is ranked better than
86.91% of 863 companies
in the Medical Devices & Instruments industry
Industry Median: 2.01 vs TSXV:PINK: 72.42

Perimeter Medical Imaging AI Cash-to-Debt Historical Data

The historical data trend for Perimeter Medical Imaging AI'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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Perimeter Medical Imaging AI Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
0.09 29.21 11.64 87.21 72.42

Perimeter Medical Imaging AI 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 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 Premium Member Only Premium Member Only 87.21 73.29 69.91 76.56 72.42

Competitive Comparison

For the Medical Devices subindustry, Perimeter Medical Imaging AI'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.


Perimeter Medical Imaging AI Cash-to-Debt Distribution

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

* The bar in red indicates where Perimeter Medical Imaging AI's Cash-to-Debt falls into.



Perimeter Medical Imaging AI 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.

Perimeter Medical Imaging AI's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Perimeter Medical Imaging AI's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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.


Perimeter Medical Imaging AI  (TSXV:PINK) 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.


Perimeter Medical Imaging AI Cash-to-Debt Related Terms

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Perimeter Medical Imaging AI (TSXV:PINK) Business Description

Traded in Other Exchanges
Address
8585 N. Stemmons Freeway, Suite 106N, Dallas, TX, USA, 75247
Perimeter Medical Imaging AI Inc is a medical technology company driven to transform cancer surgery with ultra-high-resolution, real-time, advanced imaging tools to address high unmet medical needs. The company is developing, with plans to commercialize, advanced imaging tools that allow surgeons, radiologists, and pathologists to visualize microscopic tissue structures during a clinical procedure.

Perimeter Medical Imaging AI (TSXV:PINK) Headlines

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