What is Cricut 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. Cricut's cash to debt ratio for the quarter that ended in Sep. 2024 was 23.61.
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, Cricut could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.
The historical rank and industry rank for Cricut's Cash-to-Debt or its related term are showing as below:
CRCT'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 17.3 Max: No Debt
Current: 23.61
During the past 6 years, Cricut's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 17.30.
Cricut Cash-to-Debt Historical Data
The historical data trend for Cricut'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.
Cricut Cash-to-Debt Chart
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Cricut Annual Data
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|
Trend |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
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|
0.12 |
No Debt |
12.37 |
15.45 |
17.30 |
|
Cricut Quarterly Data
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|
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Cash-to-Debt |
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11.41 |
17.30 |
22.10 |
25.32 |
23.61 |
Competitive Comparison of Cricut's Cash-to-Debt
For the Computer Hardware subindustry, Cricut'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.
Cricut's Cash-to-Debt Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Cricut's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Cricut's Cash-to-Debt falls into.
Cricut 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.
Cricut's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Cricut's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:
* 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.
Cricut Business Description
Traded in Other Exchanges
Address
10855 South River Front Parkway, South Jordan, UT, USA, 84095
Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including the Connected machines engaged in the sale of its connected machine hardware and related essential software, the Subscriptions segment provides monthly and annual subscription fees, and the Accessories and Materials segment provides craft, DIY, home decor products and heat presses including the Cricut EasyPress, Cricut Mug Press, and Cricut Autopress.
Executives
| Arora Ashish |
director, 10 percent owner, officer: Chief Executive Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Donald B. Olsen |
officer: EVP, General Counsel & Sec. |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Abdiel Qualified Master Fund Lp |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Jason Makler |
director |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Ryan Harmer |
officer: Principal Accounting Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Kimball C Shill |
officer: Chief Financial Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Gregory Rowberry |
officer: EVP, Sales |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Len Blackwell |
director |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Abdiel Capital Management, Llc |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Moran Colin T. |
10 percent owner |
410 PARK AVE, SUITE 930, NEW YORK NY 10022 |
| Abdiel Capital Advisors, Lp |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Abdiel Capital Lp |
10 percent owner |
C/O ABDIEL CAPITAL ADVISORS, LP, 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Martin F Petersen |
officer: Chief Financial Officer |
5152 NORTH EDGEWOOD DRIVE, SUITE 375, PROVO UT 84604 |
| Petrus Trust Company, Lta |
10 percent owner |
3000 TURTLE CREEK BLVD., DALLAS TX 75219 |
| L.p. Hwgaa, |
10 percent owner |
3000 TURTLE CREEK BLVD, DALLAS TX 75219 |
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