Varian Medical Systems (Varian Medical Systems) Cash-to-Debt : 2.48 (As of Dec. 2020)

View and export this data going back to 1976. Start your Free Trial

What is Varian Medical Systems 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. Varian Medical Systems's cash to debt ratio for the quarter that ended in Dec. 2020 was 2.48.

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, Varian Medical Systems could pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

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

VAR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 3.4 Max: No Debt
Current: 2.48

During the past 13 years, Varian Medical Systems's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was 3.40.

VAR's Cash-to-Debt is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 2.03 vs VAR: 2.48

Varian Medical Systems Cash-to-Debt Historical Data

The historical data trend for Varian Medical Systems'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.

* Premium members only.

Varian Medical Systems Cash-to-Debt Chart

Varian Medical Systems Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Cash-to-Debt

Get a 7-Day Free Trial

1.36

2.05

No Debt

1.30

1.57

Varian Medical Systems Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Cash-to-Debt	Get a 7-Day Free Trial															1.14	1.08	1.13	1.57	2.48

Competitive Comparison of Varian Medical Systems's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Varian Medical Systems'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.

Varian Medical Systems's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Varian Medical Systems's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Varian Medical Systems's Cash-to-Debt falls into.

Varian Medical Systems 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.

Varian Medical Systems's Cash to Debt Ratio for the fiscal year that ended in Sep. 2020 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)
	=	766.1	/	(385.6	+	101.1)
	=	1.57

Varian Medical Systems's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
	=	773.3	/	(210	+	101.7)
	=	2.48

Varian Medical Systems (NYSE:VAR) 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.

Varian Medical Systems Cash-to-Debt Related Terms

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

Varian Medical Systems (Varian Medical Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Varian Medical Systems Inc (NYSE:VAR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3100 Hansen Way, Palo Alto, CA, USA, 94304-1038

Website

https://www.varian.com

Varian Medical Systems designs, manufactures, and sells radiation technology for use in two business segments: oncology systems and proton therapy. The Americas account for the largest portion of revenue (47%), followed by Europe, the Middle East, and Africa (33%) and Asia-Pacific (19%).

Executives

Jesse Michael Bruff	officer: SVP Finance, CFO	3100 HANSEN WAY, PALO ALTO CA 94304
Magnus Momsen	officer: SVP, CAO, Corporate Controller	VARIAN MEDICAL SYSTEMS INC. 3100 HANSEN WAY MAIL STOP E327 PALO ALTO CA 94304
Dow R Wilson	director, officer: President and CEO	VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Kolleen T Kennedy	officer: Pres. Proton Solutions, CGO	VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Christopher A. Toth	officer: SVP and Pres. Oncology Systems	1252 COOLIDGE AVE., SAN JOSE CA 95125
Michael Damon Hutchinson	officer: SVP,Chief Legal Officer, Secy	2825 AIRVIEW BLVD, KALAMAZOO MI 49002
Jean Luc Butel	director	ONE BAXTER PARKWAY, DEERFIELD IL 60015
John W Kuo	officer: SVP, Gen Counsel and Secretary	VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Judy Bruner	director	C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035
Beau Michelle Le	director	800 N. MICHIGAN AVENUE #3703 CHICAGO IL 60611
Anat Ashkenazi	director	LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Jeffrey R. Balser	director	3657 RICHLAND AVE., NASHVILLE TN 37205
Regina E Dugan	director	VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
David J Illingworth	director	3100 HANSEN WAY PALO ALTO CA 94304
R Andrew Eckert	director	THREE RAVINIA DRIVE, ATLANTA GA 30346