Medi Assist Healthcare Services (NSE:MEDIASSIST) Cash-to-Debt : 2.39 (As of Sep. 2023)

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What is Medi Assist Healthcare Services 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. Medi Assist Healthcare Services's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.39.

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, Medi Assist Healthcare Services could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Medi Assist Healthcare Services's Cash-to-Debt or its related term are showing as below:

NSE:MEDIASSIST' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.39 Med: 5.37 Max: 9.09
Current: 2.39

During the past 3 years, Medi Assist Healthcare Services's highest Cash to Debt Ratio was 9.09. The lowest was 2.39. And the median was 5.37.

NSE:MEDIASSIST's Cash-to-Debt is ranked better than
57.14% of 21 companies
in the Healthcare Plans industry
Industry Median: 1.77 vs NSE:MEDIASSIST: 2.39

Medi Assist Healthcare Services Cash-to-Debt Historical Data

The historical data trend for Medi Assist Healthcare Services'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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Medi Assist Healthcare Services Cash-to-Debt Chart

Medi Assist Healthcare Services Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

5.51

9.09

5.24

Medi Assist Healthcare Services Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	5.51	9.09	N/A	5.24	2.39

Competitive Comparison of Medi Assist Healthcare Services's Cash-to-Debt

For the Healthcare Plans subindustry, Medi Assist Healthcare Services'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.

Medi Assist Healthcare Services's Cash-to-Debt Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Medi Assist Healthcare Services's Cash-to-Debt distribution charts can be found below:

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

Medi Assist Healthcare Services 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.

Medi Assist Healthcare Services's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1607.3	/	(119.89	+	186.9)
	=	5.24

Medi Assist Healthcare Services's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	750.9	/	(145.53	+	168.12)
	=	2.39

Medi Assist Healthcare Services (NSE:MEDIASSIST) 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.

Medi Assist Healthcare Services Cash-to-Debt Related Terms

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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

544088:India

Address

Website

Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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