Logitech International (Logitech International) Cash-to-Debt : 18.18 (As of Dec. 2023)

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What is Logitech 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. Logitech International's cash to debt ratio for the quarter that ended in Dec. 2023 was 18.18.

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

LOGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.87 Med: No Debt Max: No Debt
Current: 18.18

During the past 13 years, Logitech International's highest Cash to Debt Ratio was No Debt. The lowest was 10.87. And the median was No Debt.

LOGI's Cash-to-Debt is ranked better than
82.96% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs LOGI: 18.18

Logitech International Cash-to-Debt Historical Data

The historical data trend for Logitech 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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Logitech International Cash-to-Debt Chart

Logitech International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

23.48

50.85

31.71

16.18

Logitech 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															14.20	16.18	17.14	15.78	18.18

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

For the Computer Hardware subindustry, Logitech 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.

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

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

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

Logitech 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.

Logitech International's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1149.023	/	(12.655	+	58.361)
	=	16.18

Logitech 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)
	=	1412.65	/	(14.915	+	62.8)
	=	18.18

Logitech International (NAS:LOGI) 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.

Logitech International Cash-to-Debt Related Terms

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Logitech International (Logitech International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Logitech International SA (NAS:LOGI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LOGI:Mexico LOGNz:UK 0QK6:UK LOGNE:Switzerland LOGN:Switzerland

Address

EPFL - Quartier de l'Innovation, Daniel Borel Innovation Center, Lausanne, CHE, 1015

Website

https://www.logitech.com

Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products such as wireless speakers.

Executives

Samantha Harnett	officer: General Counsel	1836 CLEMENS ROAD, OAKLAND CA 94602
Charles D Boynton	officer: Chief Financial Officer
Prakash Arunkundrum	officer: Head of Global Operations	C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94560
Kwok Wang Ng	director	C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94580
Sascha Zahnd	director	C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94580
Christopher Richardson Jones	director	1501 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98134
Patrick Aebischer	director	C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Nathan Olmstead	officer: Principal Accounting Officer	C/O LOGITECH INC., 7700 GATEWAY BOULEVARD, NEWARK CA 94560
Riet Cadonau	director	C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94560
Bracken Darrell	officer: President	2000 M-63N, BENTON HARBOR MI 49022
Didier Hirsch	director	5301 STEVENS CREEK BOULEVARD, SANTA CLARA CA 95051
Neela Montgomery	director	C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Deborah Thomas	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02862
Guy Gecht	director
Michael B Polk	director	100 DEFOREST AVE, EAST HANOVER NJ 07936