Electro Scientific Industries (Electro Scientific Industries) Cash-to-Debt : 13.61 (As of Dec. 2018)

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What is Electro Scientific Industries 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. Electro Scientific Industries's cash to debt ratio for the quarter that ended in Dec. 2018 was 13.61.

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, Electro Scientific Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2018.

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

ESIO's Cash-to-Debt is not ranked ^*
in the Semiconductors industry.
Industry Median: 1.81
* Ranked among companies with meaningful Cash-to-Debt only.

Electro Scientific Industries Cash-to-Debt Historical Data

The historical data trend for Electro Scientific Industries'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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Electro Scientific Industries Cash-to-Debt Chart

Electro Scientific Industries Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Cash-to-Debt

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No Debt

4.48

9.40

Electro Scientific Industries Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Cash-to-Debt	Get a 7-Day Free Trial															7.46	9.40	9.93	13.73	13.61

Competitive Comparison of Electro Scientific Industries's Cash-to-Debt

For the Semiconductors subindustry, Electro Scientific Industries'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.

Electro Scientific Industries's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Electro Scientific Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Electro Scientific Industries's Cash-to-Debt falls into.

Electro Scientific Industries 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.

Electro Scientific Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 2018 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)
	=	123.913	/	(0.421	+	12.766)
	=	9.40

Electro Scientific Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2018 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)
	=	175.21	/	(0.437	+	12.438)
	=	13.61

Electro Scientific Industries (NAS:ESIO) 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.

Electro Scientific Industries Cash-to-Debt Related Terms

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

Electro Scientific Industries (Electro Scientific Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Electro Scientific Industries Inc (NAS:ESIO) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Website

http://www.esi.com

Electro Scientific Industries Inc is a manufacturer of electronic components. The company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products, and component products. The interconnect, semiconductor and component products are sold to manufacturers of electronic components and are used to drill, cut, trim, ablate and test and mark features for the functionality of the component. The Micromachining segment includes products that are sold to manufacturers of end devices across various industries and are used to drill, cut or mark features on a range of materials, generally on the casing or external surface of the end device.

Executives

Raymond A Link	director	C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Michael D Burger	officer: PRESIDENT AND CEO	250 TECHNOLOGY PARK, LAKE MARY FL 32746
Allen L. Muhich	officer: CHIEF FINANCIAL OFFICER	250 TECHNOLOGY PARK, LAKE MARY FL 32746
Lynne J Camp	director	714 NW 914TH TERRACE, PORTLAND OR 97229
Paul R Oldham	officer: CFO, Sr. VP of Finance	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
John K Medica	director	C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC EXPWY, BLDG C, AUSTIN TX 78759
Edward C Grady	director, officer: President & CEO
Richard J Faubert	director	14242 S CANYON DR, PHOENIX AZ 85048
Jon D Tompkins	director	17075 THORNMINT COURT, SAN DIEGO CA 92127
D3 Family Fund Lp	director, 10 percent owner	19605 NE 8TH STREET CAMAS WA 98607
Nierenberg Investment Management Co	director	19605 NE 8TH ST, CAMAS WA 98607
David Nierenberg	director, 10 percent owner	19605 NE 8TH STREET, CAMAS WA 98607
Nierenberg Investment Management Offshore Inc	10 percent owner	19605 NE 8TH STREET CAMAS WA 98607
D3 Family Canadian Fund, L.p.	10 percent owner	19605 NE 8TH STREET, CAMAS WA 98607
D3 Offshore Fund Lp	10 percent owner	19605 NE 8TH ST CAMAS WA 98607