GPT Healthcare (NSE:GPTHEALTH) Cash-to-Debt : 1.14 (As of Mar. 2024)

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What is GPT Healthcare 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. GPT Healthcare's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.14.

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

NSE:GPTHEALTH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 1.14
Current: 1.14

During the past 4 years, GPT Healthcare's highest Cash to Debt Ratio was 1.14. The lowest was 0.04. And the median was 0.17.

NSE:GPTHEALTH's Cash-to-Debt is ranked better than
59.46% of 661 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs NSE:GPTHEALTH: 1.14

GPT Healthcare Cash-to-Debt Historical Data

The historical data trend for GPT Healthcare'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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GPT Healthcare Cash-to-Debt Chart

GPT Healthcare Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.04

0.14

0.21

1.14

GPT Healthcare Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.14	N/A	0.21	0.29	1.14

Competitive Comparison of GPT Healthcare's Cash-to-Debt

For the Medical Care Facilities subindustry, GPT Healthcare'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.

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

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

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

GPT Healthcare 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.

GPT Healthcare's Cash to Debt Ratio for the fiscal year 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)
	=	349.369	/	(115.698	+	189.734)
	=	1.14

GPT Healthcare'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)
	=	349.369	/	(115.698	+	189.734)
	=	1.14

GPT Healthcare (NSE:GPTHEALTH) 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.

GPT Healthcare Cash-to-Debt Related Terms

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GPT Healthcare (NSE:GPTHEALTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » GPT Healthcare Ltd (NSE:GPTHEALTH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

544131:India

Address

GPT Centre, JC-25, Sector III, Salt Lake, Kolkata, WB, IND, 700106

Website

https://ilshospitals.com

GPT Healthcare Ltd is engaged in healthcare sector. It operates a chain of mid-sized full service hospitals under the ILS brand and provide integrated healthcare services, with a focus on secondary and tertiary care and operates four multispecialty hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. It offers a comprehensive range of healthcare services across over 35 specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology.

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