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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. Abbott Laboratories's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.49.
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, Abbott Laboratories couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.
The historical rank and industry rank for Abbott Laboratories's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Abbott Laboratories's highest Cash to Debt Ratio was 1.28. The lowest was 0.16. And the median was 0.47.
The historical data trend for Abbott Laboratories'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.
Abbott Laboratories Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial | 0.22 | 0.36 | 0.54 | 0.57 | 0.47 |
Abbott Laboratories Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Cash-to-Debt | Get a 7-Day Free Trial | 0.45 | 0.47 | 0.46 | 0.49 | N/A |
For the Medical Devices subindustry, Abbott Laboratories'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.
For the Medical Devices & Instruments industry and Healthcare sector, Abbott Laboratories's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Abbott Laboratories's Cash-to-Debt falls into.
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.
Abbott Laboratories'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) | |
= | 7279 | / | (1080 | + | 14548) | |
= | 0.47 |
Abbott Laboratories's Cash to Debt Ratio for the quarter that ended in Jun. 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) | |
= | 7219 | / | (1615 | + | 13139) | |
= | 0.49 |
* 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.
Abbott Laboratories (NYSE:ABT) 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.
Thank you for viewing the detailed overview of Abbott Laboratories's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert B Ford | officer: Senior Vice President | 100 ABBOTT PARK ROAD, AP6A-2, D-032L, ABBOTT PARK IL 60064-6092 |
Mccoy John A. Jr. | officer: VICE PRESIDENT | C/O ABBOTT LABORATORIES, 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Robert E Funck | officer: Vice President, Controller | 100 ABBOTT PARK ROAD, D-378, AP6D-2, ABBOTT PARK IL 60064-6092 |
Lisa D Earnhardt | officer: Executive Vice President | 1555 ADAMS DRIVE, C/O INTERSECT ENT, INC., MENLO PARK CA 94025 |
Salvadori Daniel Gesua Sive | officer: Senior Vice President | 100 ABBOTT PARK ROAD, AP6A-2, D-032L, ABBOTT PARK IL 60064-6092 |
Mary K Moreland | officer: Executive Vice President | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Hubert L Allen | officer: Executive Vice President | 100 ABBOTT PARK ROAD, AP6C-1N, ABBOTT PARK IL 60064-6092 |
Louis H. Morrone | officer: EXECUTIVE VICE PRESIDENT | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Andrea F Wainer | officer: Executive Vice President | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Daniel J Starks | director | ONE ST JUDE MEDICAL DRIVE, ST PAUL MN 55117 |
Michael F Roman | director | 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000 |
Patricia Paola Gonzalez | director | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Philip P Boudreau | officer: Vice President | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
Michael O'grady | director | 50 S LASALLE STREET, CHICAGO IL 60603 |
Gregory A Ahlberg | officer: Senior Vice President | 100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064 |
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