Immersion (Immersion) Cash-to-Debt

: 4,111.85 (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. Immersion's cash to debt ratio for the quarter that ended in Dec. 2023 was 4,111.85.

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

IMMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 43.07 Med: 7055.92 Max: No Debt
Current: 4111.85

During the past 13 years, Immersion's highest Cash to Debt Ratio was No Debt. The lowest was 43.07. And the median was 7055.92.

IMMR's Cash-to-Debt is ranked better than
90.5% of 2789 companies
in the Software industry
Industry Median: 2.43 vs IMMR: 4111.85

Immersion Cash-to-Debt Historical Data

The historical data trend for Immersion'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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Immersion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

77.82

43.07

125.61

308.10

4,111.85

Immersion 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																308.10	564.27	1,149.91	1,712.48	4,111.85

Competitive Comparison

For the Software - Application subindustry, Immersion'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.

Immersion Cash-to-Debt Distribution

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

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

Immersion 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.

Immersion'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)
	=	160.362	/	(0.039	+	0)
	=	4,111.85

Immersion'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)
	=	160.362	/	(0.039	+	0)
	=	4,111.85

Immersion (NAS:IMMR) 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.

Immersion Cash-to-Debt Related Terms

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Immersion (Immersion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Immersion Corp (NAS:IMMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IMV:Germany

Address

2999 N.E. 191st Street, Suite 610, Aventura, FL, USA, 33180

Website

https://www.immersion.com

Immersion Corp is focused on the creation, design, development, and licensing of innovative haptic technologies that allow people to use its sense of touch more fully as they engage with products and experience the digital world. The company's software focuses on applications in mobile devices, wearables, consumer, and gaming devices markets. It generates revenue from royalty and license fees, and development contract and service fees. Geographically, the company generates a majority of its revenue from Korea.

Executives

Aaron Akerman	officer: Chief Financial Officer	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
J Michael Dodson	officer: Chief Financial Officer	1220 N. SIMON CIRCLE, ANAHEIM CA 92806
Emily Hoffman	director	2999 N.E. 191ST STREET, SUITE 610, AVENTURA FL 33180
Francis Jose	officer: General Counsel	385 RIVER OAKS PARKWAY, APT # 2106, SAN JOSE CA 95134
Eric Singer	10 percent owner	323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
William C Martin	officer: Chief Strategy Officer	C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553
Childress Frederick Wasch	director	330 TOWNSEND STREET, SUITE 234, SAN FRANCISCO CA 94107
Elias Nader	director	1778 MCCARTHY BLVD., C/O SIGMA DESIGNS, INC., MILPITAS CA 95035
Sumit Agarwal	director	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Mary Dotz	director	280 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Jared Smith	officer: Interim CEO/VP Worldwide Sales	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Viex Special Opportunities Fund Ii, Lp	10 percent owner	C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Michael Rudolf Okada	officer: General Counsel	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134
Viex Opportunities Fund, Lp Series One	10 percent owner	C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Sharon E Holt	director	C/O IMMERSION CORPORATION, 50 RIO ROBLES, SAN JOSE CA 95134