SharkNinja (SharkNinja) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is SharkNinja 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. SharkNinja's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, SharkNinja couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.38 Max: 0.4
Current: 0.18

During the past 4 years, SharkNinja's highest Cash to Debt Ratio was 0.40. The lowest was 0.18. And the median was 0.38.

SN's Cash-to-Debt is ranked worse than
78.1% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.935 vs SN: 0.18

SharkNinja Cash-to-Debt Historical Data

The historical data trend for SharkNinja'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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SharkNinja Cash-to-Debt Chart

SharkNinja Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.40

0.38

0.18

SharkNinja Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.38	0.39	0.54	0.19	0.18

Competitive Comparison of SharkNinja's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, SharkNinja'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.

SharkNinja's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, SharkNinja's Cash-to-Debt distribution charts can be found below:

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

SharkNinja 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.

SharkNinja'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)
	=	154.061	/	(32.547	+	838.526)
	=	0.18

SharkNinja's Cash to Debt Ratio for the quarter 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)
	=	154.061	/	(32.547	+	838.526)
	=	0.18

SharkNinja (NYSE:SN) 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.

SharkNinja Cash-to-Debt Related Terms

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SharkNinja (SharkNinja) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » SharkNinja Inc (NYSE:SN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

238 Des Voeux Road Central, 21st floor, Sheung Wan, Hong Kong, HKG

Website

SharkNinja Inc is a global product design and technology company that creates 5-star-rated lifestyle solutions through innovative products for consumers around the world. Its product categories include Cleaning, Cooking, Food Preparation, Home Environment and Beauty products. It sells vacuum cleaners, cooking pots, fryers, hair dryers, etc. The SharkNinja Group is expected to carry on the design, production, marketing and distribution of the Shark and Ninja brands of small household appliances in North America, Europe and other selected international markets (excluding the Asia Pacific Region and Greater China). Currently, the majority of the revenue is derived from the US market.