Think Research (TSXV:THNK) Cash-to-Debt : 0.07 (As of Sep. 2023)

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What is Think Research 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. Think Research's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.07.

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, Think Research couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:THNK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 2.71
Current: 0.07

During the past 3 years, Think Research's highest Cash to Debt Ratio was 2.71. The lowest was 0.05. And the median was 0.15.

TSXV:THNK's Cash-to-Debt is ranked worse than
84.5% of 658 companies
in the Healthcare Providers & Services industry
Industry Median: 0.64 vs TSXV:THNK: 0.07

Think Research Cash-to-Debt Historical Data

The historical data trend for Think Research'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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Think Research Cash-to-Debt Chart

Think Research Annual Data

Trend

Sep20

Dec21

Dec22

Cash-to-Debt

0.12

0.16

0.07

Think Research Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial								0.21	0.07	0.09	0.05	0.07

Competitive Comparison of Think Research's Cash-to-Debt

For the Health Information Services subindustry, Think Research'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.

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

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

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

Think Research 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.

Think Research's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	3.415	/	(26.848	+	19.652)
	=	0.07

Think Research'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)
	=	3.746	/	(29.256	+	21.639)
	=	0.07

Think Research (TSXV:THNK) 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.

Think Research Cash-to-Debt Related Terms

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Think Research (TSXV:THNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Think Research Corp (TSXV:THNK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

THKKF:USA

Address

199 Bay Street, Suite 4000, Toronto, ON, CAN, M5L 1A9

Website

https://www.thinkresearch.com

Think Research Corp and its subsidiaries are a healthcare technology company digitalizing the delivery of knowledge to facilitate better healthcare outcomes. The company gathers, develops, and delivers a knowledge-based Software-as-a-Service solution globally to customers which typically includes enterprise clients, hospitals, health regions, healthcare professionals, and/or governments. Its cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care, including primary physician care, acute care hospitals and surgical suites as well as community and senior care.

Executives

Christopher Collenette	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Patrick Craib	Senior Officer
John Hayes	Senior Officer
Anna Taylor	Senior Officer

Think Research (TSXV:THNK) Headlines

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