Digi International (Digi International) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is Digi International 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. Digi International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, Digi International 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 Digi International's Cash-to-Debt or its related term are showing as below:

DGII' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: No Debt Max: No Debt
Current: 0.15

During the past 13 years, Digi International's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was No Debt.

DGII's Cash-to-Debt is ranked worse than
91.42% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs DGII: 0.15

Digi International Cash-to-Debt Historical Data

The historical data trend for Digi International'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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Digi International Cash-to-Debt Chart

Digi International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

0.68

2.28

0.14

Digi International 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															0.12	0.13	0.13	0.14	0.15

Competitive Comparison of Digi International's Cash-to-Debt

For the Communication Equipment subindustry, Digi International'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.

Digi International's Cash-to-Debt Distribution in the Hardware Industry

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

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

Digi International 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.

Digi International's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	31.693	/	(18.875	+	202.04)
	=	0.14

Digi International'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)
	=	31.548	/	(3.216	+	208.017)
	=	0.15

Digi International (NAS:DGII) 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.

Digi International Cash-to-Debt Related Terms

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Digi International (Digi International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Digi International Inc (NAS:DGII) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DGI:Germany DGI:Germany

Address

9350 Excelsior Boulevard, Suite 700, Hopkins, MN, USA, 55343

Website

https://www.digi.com

Digi International Inc is a Minnesota corporation. The company provides business and mission-critical and Internet of Things (IoT) connectivity products and services. It has two segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment consists of distinct communications products and communication product development services. IoT Solutions segment offers wireless temperature and other environmental condition monitoring services as well as employee task management services. The company generates majority of its revenue from the IoT Products & Services segment. Geographically, the company generates majority of its revenue from its business in the United States and also has its presence in Europe, Middle East and Africa and Rest of the world.

Executives

Terrence G. Schneider	officer: VP, Supply Chain	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
David H. Sampsell	officer: VP, Corp. Dev, GC & Corp. Sec.	9350 EXCELSIOR BLVD, HOPKINS MN 55343
James J. Loch	officer: Chief Financial Officer	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Ronald Konezny	director, officer: President and CEO	C/O DIGI INTERNATIONAL INC., 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Radha Chavali	officer: VP, Technology Services	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Tracy L. Roberts	officer: VP, Technology Services	9350 EXCELSIOR BLVD, HOPKINS MN 55343
Kevin C. Riley	officer: President, Digi SmartSense	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Michael A. Ueland	officer: President of Products	216 BRIDLE CREEK DRIVE, CARY NC 27513
Jon A. Nyland	officer: VP, Manufacturing Operations	11001 BREN ROAD EAST, MINNETONKA MN 55343
Brian G. Ballenger	officer: VP Fin, Acting PFO & PAO	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Hatem H. Naguib	director	9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343
Ahmed Nawaz	director	1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Gokul V Hemmady	officer: Senior VP/CFO/Treasurer	P.O. BOX 1101, MS067, MINNEAPOLIS MN 55440-1101
Sally J Smith	director	5500 WAYZATA BLVD., SUITE 1600, MINNEAPOLIS MN 55416
Christopher Heim	director	C/O DIGI INTERNATIONAL INC., 9350 EXCELSIOR BLVD, SUITE 700, HOPKINS MN 55343