Visionflex Group (ASX:VFX) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Visionflex Group 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. Visionflex Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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, Visionflex Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:VFX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.96 Max: No Debt
Current: 0.28

During the past 9 years, Visionflex Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.96.

ASX:VFX's Cash-to-Debt is ranked worse than
64.59% of 658 companies
in the Healthcare Providers & Services industry
Industry Median: 0.665 vs ASX:VFX: 0.28

Visionflex Group Cash-to-Debt Historical Data

The historical data trend for Visionflex Group'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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Visionflex Group Cash-to-Debt Chart

Visionflex Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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1.51

1.38

0.09

0.50

0.24

Visionflex Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial													0.06	0.50	0.02	0.24	0.28

Competitive Comparison of Visionflex Group's Cash-to-Debt

For the Health Information Services subindustry, Visionflex Group'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.

Visionflex Group's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

Visionflex Group 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.

Visionflex Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.443	/	(0.005	+	6.05)
	=	0.24

Visionflex Group'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)
	=	1.755	/	(0.067	+	6.25)
	=	0.28

Visionflex Group (ASX:VFX) 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.

Visionflex Group Cash-to-Debt Related Terms

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

Visionflex Group (ASX:VFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Visionflex Group Ltd (ASX:VFX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 1/8 Prosperity Parade, Warriewood, Sydney, NSW, AUS, 2102

Website

https://www.visionflex.com

Visionflex Group Ltd Formerly 1st Group Ltd is an online health portal group. The company is engaged in the provision of health care and corporate online search and appointment booking services. The firm derives revenue from Subscription fees, Usage fees, Advertising, and Setup and customization out of which Subscription fees account for the majority of its revenue. The group has acquired multiple companies to run the business smoothly. The group has two operating segments, being 1st Group and Visionflex which are both located in Australia. The company generates the majority of its revenue from 1st Group segment, which is engaged in the provision of healthcare and corporate online search and appointment booking services.

Visionflex Group (ASX:VFX) Headlines

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