ENETF (Ethernity Networks) Cash-to-Debt : 1.66 (As of Dec. 2023)

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What is Ethernity Networks 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. Ethernity Networks's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.66.

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, Ethernity Networks could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ENETF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 1.79 Max: 1858.83
Current: 1.66

During the past 10 years, Ethernity Networks's highest Cash to Debt Ratio was 1858.83. The lowest was 0.03. And the median was 1.79.

ENETF's Cash-to-Debt is ranked worse than
55.13% of 2797 companies
in the Software industry
Industry Median: 2.33 vs ENETF: 1.66

Ethernity Networks Cash-to-Debt Historical Data

The historical data trend for Ethernity Networks'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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Ethernity Networks Cash-to-Debt Chart

Ethernity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.50

3.04

1.93

0.23

1.66

Ethernity Networks Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial													1.93	1.54	0.23	0.05	1.66

Competitive Comparison of Ethernity Networks's Cash-to-Debt

For the Software - Application subindustry, Ethernity Networks'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.

Ethernity Networks's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Ethernity Networks's Cash-to-Debt distribution charts can be found below:

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

Ethernity Networks 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.

Ethernity Networks'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)
	=	1.994	/	(0.438	+	0.764)
	=	1.66

Ethernity Networks'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)
	=	1.994	/	(0.438	+	0.764)
	=	1.66

Ethernity Networks (OTCPK:ENETF) 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.

Ethernity Networks Cash-to-Debt Related Terms

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Ethernity Networks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ethernity Networks Ltd (OTCPK:ENETF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ENET:UK 82N:Germany

Address

1 Golan Street, Corner HaNegev, Beit Golan, 3rd Floor, Airport City, ISR, 7019900

Website

https://www.ethernitynet.com

Ethernity Networks Ltd technology solutions provider that develops and delivers data processing technology and solutions used in high-end Carrier Ethernet applications across the telecom, mobile, security, and data center markets. The company's only operating segment is the development and delivery of high-end network processing technology. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia, Europe, Israel, and the United States. Its product categories include ENET Network Appliances, PON Devices ACE-NIC SmartNICs, ENET Flow Processors, and FPGA Boards.