Mercator Medical (WAR:MRC) Cash-to-Debt : 70.89 (As of Jun. 2024)

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What is Mercator Medical 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. Mercator Medical's cash to debt ratio for the quarter that ended in Jun. 2024 was 70.89.

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, Mercator Medical could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

WAR:MRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.25 Max: 174.37
Current: 70.89

During the past 12 years, Mercator Medical's highest Cash to Debt Ratio was 174.37. The lowest was 0.08. And the median was 0.25.

WAR:MRC's Cash-to-Debt is ranked better than
86.34% of 842 companies
in the Medical Devices & Instruments industry
Industry Median: 1.685 vs WAR:MRC: 70.89

Mercator Medical Cash-to-Debt Historical Data

The historical data trend for Mercator Medical'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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Mercator Medical Cash-to-Debt Chart

Mercator Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

128.77

110.83

124.35

60.43

Mercator Medical Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															72.50	65.66	60.43	68.55	70.89

Competitive Comparison of Mercator Medical's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Mercator Medical'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.

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

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

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

Mercator Medical 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.

Mercator Medical'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)
	=	326.86	/	(0.999	+	4.41)
	=	60.43

Mercator Medical'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)
	=	362.339	/	(1.07	+	4.041)
	=	70.89

Mercator Medical (WAR:MRC) 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.

Mercator Medical Cash-to-Debt Related Terms

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Mercator Medical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mercator Medical SA (WAR:MRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MM2:Germany

Address

Ulica H. Modrzejewska 30, Krakow, POL, 31-327

Website

http://www.mercatormedical.eu

Mercator Medical SA produces and sells medical gloves and distributor of medical disposables. The company's products - mainly gloves, dressings, disposable clothing and surgical drapes. It operates in Europe and Russia.