Ramsay Health Care (FRA:RMY) Cash-to-Debt : 0.06 (As of Jun. 2024)

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What is Ramsay Health 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. Ramsay Health Care's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.06.

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, Ramsay Health Care couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

FRA:RMY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.2
Current: 0.06

During the past 13 years, Ramsay Health Care's highest Cash to Debt Ratio was 0.20. The lowest was 0.03. And the median was 0.10.

FRA:RMY's Cash-to-Debt is ranked worse than
89.06% of 667 companies
in the Healthcare Providers & Services industry
Industry Median: 0.76 vs FRA:RMY: 0.06

Ramsay Health Care Cash-to-Debt Historical Data

The historical data trend for Ramsay Health 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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Ramsay Health Care Cash-to-Debt Chart

Ramsay Health Care Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.16

0.10

0.03

0.06

Ramsay Health Care Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.04	0.06	0.03	0.06

Competitive Comparison of Ramsay Health Care's Cash-to-Debt

For the Medical Care Facilities subindustry, Ramsay Health 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.

Ramsay Health Care's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

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

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

Ramsay Health 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.

Ramsay Health Care's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	408.55	/	(373.636	+	6373.705)
	=	0.06

Ramsay Health Care's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	408.55	/	(373.636	+	6373.705)
	=	0.06

Ramsay Health Care (FRA:RMY) 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.

Ramsay Health Care Cash-to-Debt Related Terms

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

Ramsay Health Care Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ramsay Health Care Ltd (FRA:RMY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RMYHY:USA RMSYF:USA RHCPA.PFD:Australia RHC:Australia

Address

126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000

Website

https://www.ramsayhealth.com

Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the UK, and Sweden. It is the largest private hospital group in each of these markets except for the UK where it ranks fifth. Ramsay Sante, which operates the European regions other than the UK, is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.

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