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Arista Networks (MEX:ANET) Cash-to-Debt : No Debt (1) (As of Jun. 2024)


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What is Arista 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. Arista Networks's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt (1).

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, Arista Networks could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Arista Networks's Cash-to-Debt or its related term are showing as below:

MEX:ANET' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.54   Med: 38.84   Max: No Debt
Current: 130.59

During the past 13 years, Arista Networks's highest Cash to Debt Ratio was No Debt. The lowest was 9.54. And the median was 38.84.

MEX:ANET's Cash-to-Debt is ranked better than
92.37% of 2452 companies
in the Hardware industry
Industry Median: 1.31 vs MEX:ANET: 130.59

Arista Networks Cash-to-Debt Historical Data

The historical data trend for Arista 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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Arista Networks Cash-to-Debt Chart

Arista Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.82 39.68 60.30 68.78 No Debt

Arista Networks Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.36 92.74 No Debt No Debt No Debt

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

For the Computer Hardware subindustry, Arista 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.


Arista Networks's Cash-to-Debt Distribution in the Hardware Industry

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

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



Arista 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.

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

Arista Networks had no debt (1).

Arista Networks's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Arista Networks had no debt (1).

* 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.


Arista Networks  (MEX:ANET) 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.


Arista Networks Cash-to-Debt Related Terms

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Arista Networks Business Description

Address
5453 Great America Parkway, Santa Clara, CA, USA, 95054
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.