Evolv Technologies Holdings (Evolv Technologies Holdings) Cash-to-Debt : 30.08 (As of Mar. 2024)

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What is Evolv Technologies Holdings 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. Evolv Technologies Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 30.08.

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, Evolv Technologies Holdings could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

EVLVW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 21.55 Max: 104.18
Current: 30.08

During the past 5 years, Evolv Technologies Holdings's highest Cash to Debt Ratio was 104.18. The lowest was 0.21. And the median was 21.55.

EVLVW's Cash-to-Debt is ranked better than
85.39% of 1061 companies
in the Business Services industry
Industry Median: 0.97 vs EVLVW: 30.08

Evolv Technologies Holdings Cash-to-Debt Historical Data

The historical data trend for Evolv Technologies Holdings'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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Evolv Technologies Holdings Cash-to-Debt Chart

Evolv Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

4.76

0.28

30.94

7.26

85.42

Evolv Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												103.31	104.18	77.80	85.42	30.08

Competitive Comparison of Evolv Technologies Holdings's Cash-to-Debt

For the Security & Protection Services subindustry, Evolv Technologies Holdings'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.

Evolv Technologies Holdings's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Evolv Technologies Holdings's Cash-to-Debt distribution charts can be found below:

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

Evolv Technologies Holdings 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.

Evolv Technologies Holdings'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)
	=	118.818	/	(1.391	+	0)
	=	85.42

Evolv Technologies Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	81.011	/	(1.713	+	0.98)
	=	30.08

Evolv Technologies Holdings (NAS:EVLVW) 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.

Evolv Technologies Holdings Cash-to-Debt Related Terms

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Evolv Technologies Holdings (Evolv Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Evolv Technologies Holdings Inc (NAS:EVLVW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EVLV:USA

Address

500 Totten Pond Road, 4th Floor, Waltham, MA, USA, 02451

Website

https://www.evolvtechnology.com

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.