Switch to:
Daktronics Inc (NAS:DAKT)
Cash to Debt Ratio
No Debt (As of Oct. 2015)

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. Daktronics Inc's cash to debt ratio for the quarter that ended in Oct. 2015 was No Debt.

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, Daktronics Inc could pay off its debt using the cash in hand for the quarter that ended in Oct. 2015.

DAKT' s Cash to Debt Range Over the Past 10 Years
Min: 0.01   Max: No Debt
Current: No Debt

During the past 13 years, Daktronics Inc's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 3.17.

DAKT's Cash to Debt is ranked higher than
98% of the 2206 Companies
in the Global Computer Systems industry.

( Industry Median: 1.24 vs. DAKT: No Debt )

Definition

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Daktronics Inc's Cash to Debt Ratio for the fiscal year that ended in Apr. 2015 is calculated as:

Daktronics Inc had no debt.

Daktronics Inc's Cash to Debt Ratio for the quarter that ended in Oct. 2015 is calculated as:

Daktronics Inc had no debt.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Cash and Cash Equivalents (For Banks and Insurance Companies), Cash, Cash Equivalents, Marketable Securities, Interest Coverage


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Daktronics Inc Annual Data

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
cash2debt 29.460.109.662.584.7433.3637.48No DebtNo DebtNo Debt

Daktronics Inc Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
cash2debt 177.11No DebtNo DebtNo DebtNo Debt1,763.322,592.81No DebtNo DebtNo Debt
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK