Wesana Health Holdings (XCNQ:WESA.X) Cash-to-Debt : 1.08 (As of Dec. 2023)

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What is Wesana Health Holdings 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. Wesana Health Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.08.

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, Wesana Health Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XCNQ:WESA.X' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.08 Med: 5000.76 Max: No Debt
Current: 1.08

During the past 4 years, Wesana Health Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 1.08. And the median was 5000.76.

XCNQ:WESA.X's Cash-to-Debt is ranked worse than
75.89% of 1493 companies
in the Biotechnology industry
Industry Median: 6.89 vs XCNQ:WESA.X: 1.08

Wesana Health Holdings Cash-to-Debt Historical Data

The historical data trend for Wesana Health Holdings'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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Wesana Health Holdings Cash-to-Debt Chart

Wesana Health Holdings Annual Data

Trend

Apr20

Apr21

Dec22

Dec23

Cash-to-Debt

No Debt

1.53

1.08

Wesana Health Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	6.61	1.53	2.73	1.08

Competitive Comparison of Wesana Health Holdings's Cash-to-Debt

For the Biotechnology subindustry, Wesana Health Holdings'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.

Wesana Health Holdings's Cash-to-Debt Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Wesana Health Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Wesana Health Holdings's Cash-to-Debt falls into.

Wesana Health Holdings 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.

Wesana Health Holdings'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)
	=	0.362	/	(0.335	+	0)
	=	1.08

Wesana Health Holdings's Cash to Debt Ratio for the quarter 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)
	=	0.362	/	(0.335	+	0)
	=	1.08

Wesana Health Holdings (XCNQ:WESA.X) 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.

Wesana Health Holdings Cash-to-Debt Related Terms

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Wesana Health Holdings (XCNQ:WESA.X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Wesana Health Holdings Inc (XCNQ:WESA.X) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WSNAF:USA

Address

745 Thurlow Street, Suite 2400, Vancouver, BC, CAN, V6E 0C5

Website

https://www.wesanahealth.com

Wesana Health Holdings Inc is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury. The Company is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological, and mental health ailments caused by trauma with the help of extensive clinical research and academic partnerships.

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