Elastic NV (BSP:E2ST34) Cash-to-Debt

: 1.70 (As of Jan. 2024)

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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. Elastic NV's cash to debt ratio for the quarter that ended in Jan. 2024 was 1.70.

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, Elastic NV could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

BSP:E2ST34' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.43 Med: 8.1 Max: No Debt
Current: 1.7

During the past 7 years, Elastic NV's highest Cash to Debt Ratio was No Debt. The lowest was 1.43. And the median was 8.10.

BSP:E2ST34's Cash-to-Debt is ranked worse than
55.73% of 2790 companies
in the Software industry
Industry Median: 2.415 vs BSP:E2ST34: 1.70

Elastic NV Cash-to-Debt Historical Data

The historical data trend for Elastic NV'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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Elastic NV Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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No Debt

8.38

14.23

1.45

1.54

Elastic NV Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.47	1.54	1.62	1.63	1.70

Competitive Comparison

For the Software - Application subindustry, Elastic NV'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.

Elastic NV Cash-to-Debt Distribution

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

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

Elastic NV 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.

Elastic NV's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	4595.717	/	(64.019	+	2919.927)
	=	1.54

Elastic NV's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	4992.101	/	(62.894	+	2870.448)
	=	1.70

Elastic NV (BSP:E2ST34) 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.

Elastic NV Cash-to-Debt Related Terms

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Elastic NV (BSP:E2ST34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Elastic NV (BSP:E2ST34) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ESTC:USA ESTC:Mexico 3E1:Germany

Address

Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED

Website

https://www.elastic.co

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

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