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Ellie Mae Inc (NYSE:ELLI)
Cash to Debt Ratio
174.35 (As of Jun. 2014)

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash and cash equivalents divide by its debt. Ellie Mae Inc's cash to debt ratio for the quarter that ended in Jun. 2014 was 174.35.

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, Ellie Mae Inc could pay off its debt using the cash in hand for the quarter that ended in Jun. 2014.

ELLI' s 10-Year Cash to Debt Range
Min: 145.28   Max: 18772.8
Current: 174.35

145.28
18772.8

During the past 6 years, Ellie Mae Inc's highest Cash to Debt Ratio was 18772.80. The lowest was 145.28. And the median was No Debt.

ELLI's Cash to Debtis ranked higher than
70% of the 1702 Companies
in the Global Software - Application industry.

( Industry Median: 20.91 vs. ELLI: 174.35 )

Definition

This is the ratio of a company's Cash and cash equivalents 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.

Ellie Mae Inc's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 is calculated as:

Ellie Mae Inc had no debt.

Ellie Mae Inc's Cash to Debt Ratio for the quarter that ended in Jun. 2014 is calculated as:

Cash to Debt Ratio=Cash and Cash Equivalents / Total Debt
=Cash and Cash Equivalents / (Short-Term Debt + Long-Term Debt)
=77.586 / (0 + 0.445)
=174.35

* 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 and Cash Equivalents


Historical Data

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

Ellie Mae Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
cash2debt 0.000.000.000.00No DebtNo DebtNo Debt6,416.25No DebtNo Debt

Ellie Mae Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
cash2debt 14,801.00No Debt18,772.80No DebtNo DebtNo DebtNo DebtNo Debt145.28174.35
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