MEI Pharma (MEI Pharma) Cash-to-Debt : 4.95 (As of Dec. 2023)

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What is MEI Pharma 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. MEI Pharma's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.95.

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

MEIP' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.95 Med: No Debt Max: No Debt
Current: 4.95

During the past 13 years, MEI Pharma's highest Cash to Debt Ratio was No Debt. The lowest was 4.95. And the median was No Debt.

MEIP's Cash-to-Debt is ranked worse than
54.52% of 1539 companies
in the Biotechnology industry
Industry Median: 6.46 vs MEIP: 4.95

MEI Pharma Cash-to-Debt Historical Data

The historical data trend for MEI Pharma'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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MEI Pharma Cash-to-Debt Chart

MEI Pharma Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

18.49

15.89

7.91

MEI Pharma Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															9.29	8.58	7.91	6.64	4.95

Competitive Comparison of MEI Pharma's Cash-to-Debt

For the Biotechnology subindustry, MEI Pharma'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.

MEI Pharma's Cash-to-Debt Distribution in the Biotechnology Industry

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

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

MEI Pharma 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.

MEI Pharma's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	100.693	/	(1.428	+	11.3)
	=	7.91

MEI Pharma'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)
	=	59.48	/	(1.015	+	11.012)
	=	4.95

MEI Pharma (NAS:MEIP) 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.

MEI Pharma Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MEI Pharma's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MEI Pharma (MEI Pharma) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » MEI Pharma Inc (NAS:MEIP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11455 El Camino Real, Suite 250, San Diego, CA, USA, 92130

Website

https://www.meipharma.com

MEI Pharma Inc is focused on the clinical development of novel therapies for cancer. The company's clinical drug candidate includes Pracinostat, an orally available histone deacetylase inhibitor for the treatment of patients with acute myeloid leukemia and myelodysplastic syndrome. Its clinical development portfolio also includes Zandelisib, an oral inhibitor of phosphatidylinositide 3-kinase delta for the treatment of patients with recurrent chronic lymphocytic leukemia or follicular non-Hodgkin's lymphoma; and ME-344, an isoflavone-based mitochondrial inhibitor for the treatment of HER2-negative breast cancer and Pracinostat, an oral histone deacetylase inhibitor. Geographically, all the business activities function through the region of the United States.

Executives

Taheer Datoo	director	181 BAY STREET, SUITE 4200, TORONTO A6 M5J 2T3
James P Flynn	director	41 HARRIS CT, DANVILLE CA 94526
Sujay Kango	director	1028 CHAMBERS COURT, BRIDGEWATER NJ 08807
Richard G Ghalie	officer: Chief Medical Officer	C/O FAVRILLE, INC, 10445 PACIFIC CENTER COURT, SAN DIEGO CA 92121
Bruce Ross Winson	10 percent owner	5950 BERKSHIRE LANE, SUITE 510, DALLAS TX 75225
Anson Funds Management Lp	10 percent owner	16000 DALLAS PARKWAY, SUITE 800, DALLAS TX 75248
Anson Management Gp Llc	10 percent owner	16000 DALLAS PARKWAY, SUITE 800, DALLAS TX 75248
Anson Advisors Inc.	10 percent owner	155 UNIVERSITY AVENUE, SUITE 207, TORONTO A6 M5H 3B7
Funicular Funds, Lp	10 percent owner	2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Amin Nathoo	10 percent owner	155 UNIVERSITY AVENUE, SUITE 207, TORONTO Z4 M5H 3B7
Moez Kassam	10 percent owner	111 PETER STREET, SUITE 904, TORONTO A6 M5V2H1
Justin J. File	officer: CFO and Corporate Secretary	C/O EVOFEM BIOSCIENCES, INC., 12400 HIGH BLUFF DRIVE, SUITE 600, SAN DIEGO CA 92130
Jacob Ma-weaver	10 percent owner	2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Cable Car Capital Llc	10 percent owner	2261 MARKET STREET #4307, SAN FRANCISCO CA 94114
Baltic Charles V. Iii	director	C/O MARSHALL EDWARDS, INC., 11975 EL CAMINO REAL, SUITE 101, SAN DIEGO CA 92130