Turtle Beach (FRA:0P1A) Cash-to-Debt : 0.39 (As of Mar. 2024)

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What is Turtle Beach 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. Turtle Beach's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.39.

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, Turtle Beach couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

FRA:0P1A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.31 Max: No Debt
Current: 0.39

During the past 13 years, Turtle Beach's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.31.

FRA:0P1A's Cash-to-Debt is ranked worse than
78.45% of 2473 companies
in the Hardware industry
Industry Median: 1.35 vs FRA:0P1A: 0.39

Turtle Beach Cash-to-Debt Historical Data

The historical data trend for Turtle Beach'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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Turtle Beach Cash-to-Debt Chart

Turtle Beach Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.53

No Debt

0.60

No Debt

Turtle Beach Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															No Debt	No Debt	0.93	No Debt	0.39

Competitive Comparison of Turtle Beach's Cash-to-Debt

For the Consumer Electronics subindustry, Turtle Beach'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.

Turtle Beach's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Turtle Beach's Cash-to-Debt distribution charts can be found below:

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

Turtle Beach 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.

Turtle Beach's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Turtle Beach had no debt ⁽¹⁾.

Turtle Beach'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)
	=	16.391	/	(0	+	42.278)
	=	0.39

Turtle Beach (FRA:0P1A) 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.

Turtle Beach Cash-to-Debt Related Terms

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Turtle Beach (FRA:0P1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Turtle Beach Corp (FRA:0P1A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HEAR:USA 0P1A:Germany

Address

44 South Broadway, 4th Floor, White Plains, NY, USA, 10601

Website

https://corp.turtlebeach.com

Turtle Beach Corp is gaming audio and accessory brand offering a broad selection of gaming headsets for Xbox, PlayStation, and Nintendo consoles, as well as for PC, Mac, and mobile/tablet devices. The company's portfolio includes gaming headsets, PC gaming headsets, PC gaming keyboards, PC gaming mice and other accessories which are distributed internationally in North America, Europe, the Middle East, Africa, Australia, and Asia sold at thousands of storefronts, including retailers such as Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target and Walmart. Geographically, it generates majority revenue from North America.

Turtle Beach (FRA:0P1A) Headlines

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