Akoustis Technologies (Akoustis Technologies) Cash-to-Debt : 0.29 (As of Dec. 2023)

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What is Akoustis Technologies 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. Akoustis Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.29.

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, Akoustis Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

AKTS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 108.7 Max: No Debt
Current: 0.29

During the past 11 years, Akoustis Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.29. And the median was 108.70.

AKTS's Cash-to-Debt is ranked worse than
83.8% of 2469 companies
in the Hardware industry
Industry Median: 1.38 vs AKTS: 0.29

Akoustis Technologies Cash-to-Debt Historical Data

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

Akoustis Technologies Annual Data

Trend

Jul14

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

1.65

1.85

187.12

1.79

0.95

Akoustis Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.05	1.16	0.95	0.59	0.29

Competitive Comparison of Akoustis Technologies's Cash-to-Debt

For the Communication Equipment subindustry, Akoustis Technologies'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.

Akoustis Technologies's Cash-to-Debt Distribution in the Hardware Industry

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

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

Akoustis Technologies 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.

Akoustis Technologies's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	43.104	/	(0.439	+	44.99)
	=	0.95

Akoustis Technologies'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)
	=	12.875	/	(0.478	+	43.715)
	=	0.29

Akoustis Technologies (NAS:AKTS) 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.

Akoustis Technologies Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Akoustis Technologies's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Akoustis Technologies (Akoustis Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Akoustis Technologies Inc (NAS:AKTS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AVH:Germany AVH:Germany

Address

9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website

https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

Executives

David Aichele	officer: VP of Business Development	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Kenneth Boller	officer: Interim CFO	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Steven Denbaars	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Michelle Petock	director	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Jeffrey B. Shealy	director, 10 percent owner, officer: Chief Executive Officer	9805 NORTHCROSS CENTER CT, SUITE A, HUNTERSVILLE NC 28078
James Michael Mcguire	director	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 28078
Suzanne B Rudy	director	7628 THORNDIKE RD, GREENSBORO NC 27409
Arthur Geiss	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Rohan Houlden	officer: Chief Product Officer	9805 NORTHCROSS CENTER CT., SUITE A, HUNTERSVILLE NC 27078
Jeffrey Mcmahon	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Jerry D Neal	director
Steven P Miller	director	C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
John T Kurtzweil	director	C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746
Mark N. Tompkins	10 percent owner	APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Mark Boomgarden	officer: Vice President of Operations	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078