Radius Residential Care (NZSE:RAD) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Radius Residential Care 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. Radius Residential Care's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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, Radius Residential Care couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NZSE:RAD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 5 years, Radius Residential Care's highest Cash to Debt Ratio was 0.01. The lowest was 0.00. And the median was 0.01.

NZSE:RAD's Cash-to-Debt is ranked worse than
96.69% of 665 companies
in the Healthcare Providers & Services industry
Industry Median: 0.71 vs NZSE:RAD: 0.01

Radius Residential Care Cash-to-Debt Historical Data

The historical data trend for Radius Residential Care'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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Radius Residential Care Cash-to-Debt Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

0.01

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.01	-	-	-	0.01

Competitive Comparison of Radius Residential Care's Cash-to-Debt

For the Medical Care Facilities subindustry, Radius Residential Care'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.

Radius Residential Care's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Radius Residential Care's Cash-to-Debt falls into.

Radius Residential Care 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.

Radius Residential Care'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)
	=	2.35	/	(75.869	+	121.086)
	=	0.01

Radius Residential Care'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)
	=	2.35	/	(75.869	+	121.086)
	=	0.01

Radius Residential Care (NZSE:RAD) 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.

Radius Residential Care Cash-to-Debt Related Terms

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Radius Residential Care (NZSE:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The Company operates in one operating segment being the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility and/or communication.

Radius Residential Care (NZSE:RAD) Headlines

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