Envoy Medical (Envoy Medical) Cash-to-Debt : 7.51 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Envoy Medical 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. Envoy Medical's cash to debt ratio for the quarter that ended in Dec. 2023 was 7.51.

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

COCH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 7.51
Current: 7.51

During the past 3 years, Envoy Medical's highest Cash to Debt Ratio was 7.51. The lowest was 0.01. And the median was 0.05.

COCH's Cash-to-Debt is ranked better than
70.27% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs COCH: 7.51

Envoy Medical Cash-to-Debt Historical Data

The historical data trend for Envoy Medical'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.

* Premium members only.

Envoy Medical Cash-to-Debt Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.05

0.01

7.51

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.01	-	12.63	7.51

Competitive Comparison of Envoy Medical's Cash-to-Debt

For the Medical Devices subindustry, Envoy Medical'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.

Envoy Medical's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Envoy Medical 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.

Envoy Medical'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)
	=	4.218	/	(0.158	+	0.404)
	=	7.51

Envoy Medical'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)
	=	4.218	/	(0.158	+	0.404)
	=	7.51

Envoy Medical (NAS:COCH) 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.

Envoy Medical Cash-to-Debt Related Terms

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

Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.