Cognex (Cognex) Cash-to-Debt

: 4.22 (As of Dec. 2023)

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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. Cognex's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.22.

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, Cognex could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CGNX' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.22 Med: 5011.46 Max: No Debt
Current: 4.22

During the past 13 years, Cognex's highest Cash to Debt Ratio was No Debt. The lowest was 4.22. And the median was 5011.46.

CGNX's Cash-to-Debt is ranked better than
69.08% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs CGNX: 4.22

Cognex Cash-to-Debt Historical Data

The historical data trend for Cognex'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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Cognex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

22.92

14.19

12.65

10.07

4.22

Cognex 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																10.07	9.63	5.27	7.49	4.22

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Cognex'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.

Cognex Cash-to-Debt Distribution

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

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

Cognex 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.

Cognex'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)
	=	332.047	/	(9.624	+	68.977)
	=	4.22

Cognex'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)
	=	332.047	/	(9.624	+	68.977)
	=	4.22

Cognex (NAS:CGNX) 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.

Cognex Cash-to-Debt Related Terms

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Cognex (Cognex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cognex Corp (NAS:CGNX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CGNX:Mexico CGZ:Germany CGZ:Germany

Address

One Vision Drive, Natick, MA, USA, 01760-2059

Website

https://www.cognex.com

Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe.

Executives

Angelos Papadimitriou	director	1 VISION DRIVE, NATICK MA 01760
Patrick Alias	director
Theodor Krantz	director	ONE VISION DRIVE, NATICK MA 01760
Joerg Kuechen	officer: Chief Technology Officer	1 VISION DRIVE, NATICK MA 01760
Paul Todgham	officer: SVP, CFO	1 VISION DRIVE, NATICK MA 01760
Anthony Sun	director	2494 SAND HILL RD, MENLO PARK CA 94025
Dianne M Parrotte	director	1 VISION DRIVE, NATICK MA 01760
John Tseng-chung Lee	director	90 INDUSTRIAL WAY, WILMINGTON MA 01887
Carl Gerst	officer: EVP, Vision & ID Products	1 VISION DRIVE, NATICK MA 01760
Marjorie T. Sennett	director	950 TOWER LANE, 6TH FLOOR, FOSTER CITY CA 94404
Jerry A. Schneider	director	ONE VISION DRIVE, NATICK MA 01760
Sachin Lawande	director	HARMAN INTERNATIONAL, 400 ATLANTIC STREET, SUITE 1500, STAMFORD CT 06901
Eugene G Banucci	director
Sheila Marie Dipalma	officer: SVP, Employee Services	1 VISION DRIVE, NATICK MA 01760
Robert Willett	officer: Executive Vice President	C/O COGNEX CORPORATION, ONE VISION DRIVE, NATICK MA 01760-2059