PT Jayamas Medica Industri Tbk (ISX:OMED) Cash-to-Debt : 6.66 (As of Mar. 2024)

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What is PT Jayamas Medica Industri Tbk 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. PT Jayamas Medica Industri Tbk's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.66.

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, PT Jayamas Medica Industri Tbk could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for PT Jayamas Medica Industri Tbk's Cash-to-Debt or its related term are showing as below:

ISX:OMED' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.22 Med: 5.97 Max: 139.33
Current: 6.66

During the past 5 years, PT Jayamas Medica Industri Tbk's highest Cash to Debt Ratio was 139.33. The lowest was 4.22. And the median was 5.97.

ISX:OMED's Cash-to-Debt is ranked better than
68.64% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.88 vs ISX:OMED: 6.66

PT Jayamas Medica Industri Tbk Cash-to-Debt Historical Data

The historical data trend for PT Jayamas Medica Industri Tbk'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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PT Jayamas Medica Industri Tbk Cash-to-Debt Chart

PT Jayamas Medica Industri Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

139.33

4.22

4.49

6.66

6.26

PT Jayamas Medica Industri Tbk Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								5.97	5.12	5.40	6.26	6.66

Competitive Comparison of PT Jayamas Medica Industri Tbk's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, PT Jayamas Medica Industri Tbk'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.

PT Jayamas Medica Industri Tbk's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where PT Jayamas Medica Industri Tbk's Cash-to-Debt falls into.

PT Jayamas Medica Industri Tbk 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.

PT Jayamas Medica Industri Tbk'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)
	=	1184218.036	/	(13621.173	+	175606.794)
	=	6.26

PT Jayamas Medica Industri Tbk's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1194650.153	/	(3497.79	+	176007.704)
	=	6.66

PT Jayamas Medica Industri Tbk (ISX:OMED) 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.

PT Jayamas Medica Industri Tbk Cash-to-Debt Related Terms

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PT Jayamas Medica Industri Tbk (ISX:OMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PT Jayamas Medica Industri Tbk (ISX:OMED) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sebelah Selatan Jalan By Pass RT 05 / RW 01, Kelurahan Sidomojo, Kecamatan Krian, Sidoarjo, Jawa Timur, East Java, IDN, 61262

Website

https://www.onemed.co.id

PT Jayamas Medica Industri Tbk is engaged in the business of manufacturing medical devices and other household health supplies. It initially began with the manufacture of urine bags, OneMed later expanded in the manufacturing business of medical equipment and supplies in Indonesia with a range of variants of products manufactured locally. The Company and its Subsidiaries has three main divisions: Manufacturing; Distribution and Retail.