CRDO (Credo Technology Group Holding) Cash-to-Debt : 23.95 (As of Oct. 2024)

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What is Credo Technology Group Holding 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. Credo Technology Group Holding's cash to debt ratio for the quarter that ended in Oct. 2024 was 23.95.

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, Credo Technology Group Holding could pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

CRDO' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.05 Med: 21.58 Max: No Debt
Current: 23.95

During the past 5 years, Credo Technology Group Holding's highest Cash to Debt Ratio was No Debt. The lowest was 14.05. And the median was 21.58.

CRDO's Cash-to-Debt is ranked better than
80.24% of 1007 companies
in the Semiconductors industry
Industry Median: 1.69 vs CRDO: 23.95

Credo Technology Group Holding Cash-to-Debt Historical Data

The historical data trend for Credo Technology Group Holding'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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Credo Technology Group Holding Cash-to-Debt Chart

Credo Technology Group Holding Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

Cash-to-Debt

No Debt

15.09

14.05

29.55

Credo Technology Group Holding Quarterly Data
	Apr20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial													16.90	28.40	29.55	23.93	23.95

Competitive Comparison of Credo Technology Group Holding's Cash-to-Debt

For the Semiconductors subindustry, Credo Technology Group Holding'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.

Credo Technology Group Holding's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Credo Technology Group Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Credo Technology Group Holding's Cash-to-Debt falls into.

Credo Technology Group Holding 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.

Credo Technology Group Holding's Cash to Debt Ratio for the fiscal year that ended in Apr. 2024 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)
	=	410.003	/	(2.741	+	11.133)
	=	29.55

Credo Technology Group Holding's Cash to Debt Ratio for the quarter that ended in Oct. 2024 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)
	=	382.953	/	(3.045	+	12.945)
	=	23.95

Credo Technology Group Holding (NAS:CRDO) 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.

Credo Technology Group Holding Cash-to-Debt Related Terms

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Credo Technology Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Credo Technology Group Holding Ltd (NAS:CRDO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CRDO:Mexico

Address

Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104

Website

https://www.credosemi.com

Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.

Executives

William Joseph Brennan	director, officer: Pres & Chief Executive Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Chi Fung Cheng	director, 10 percent owner, officer: Chief Technology Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Daniel W. Fleming	officer: Chief Financial Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Yat Tung Lam	director, officer: Chief Operating Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Pantas Sutardja,	director	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Lip Bu Tan	director, 10 percent owner	ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Adam Thorngate-gottlund	officer: General Counsel & Secretary	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
David Zinsner	director	1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Sylvia Acevedo	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Manpreet Khaira	director	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110