Everspin Technologies (Everspin Technologies) Cash-to-Debt : 6.24 (As of Mar. 2024)

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What is Everspin Technologies 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. Everspin Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.24.

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, Everspin Technologies could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

MRAM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 2.02 Max: 6.62
Current: 6.24

During the past 10 years, Everspin Technologies's highest Cash to Debt Ratio was 6.62. The lowest was 0.12. And the median was 2.02.

MRAM's Cash-to-Debt is ranked better than
68.81% of 994 companies
in the Semiconductors industry
Industry Median: 1.765 vs MRAM: 6.24

Everspin Technologies Cash-to-Debt Historical Data

The historical data trend for Everspin Technologies'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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Everspin Technologies Cash-to-Debt Chart

Everspin Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.29

1.40

3.76

2.88

6.62

Everspin Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.77	5.02	5.96	6.62	6.24

Competitive Comparison of Everspin Technologies's Cash-to-Debt

For the Semiconductors subindustry, Everspin Technologies'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.

Everspin Technologies's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Everspin Technologies 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.

Everspin Technologies'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)
	=	36.946	/	(1.19	+	4.39)
	=	6.62

Everspin Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	34.801	/	(1.259	+	4.322)
	=	6.24

Everspin Technologies (NAS:MRAM) 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.

Everspin Technologies Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Everspin Technologies's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Everspin Technologies (Everspin Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Everspin Technologies Inc (NAS:MRAM) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

E5N:Germany

Address

5670 W. Chandler Boulevard, Suite 130, Chandler, AZ, USA, 85226

Website

https://www.everspin.com

Everspin Technologies Inc is a provider of Magnetoresistive Random Access Memory (MRAM) products. Its portfolio of MRAM technologies, including Toggle MRAM and Spin-transfer Torque MRAM (STT-MRAM), delivers superior performance, persistence, and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. The company derives revenue from the sale of MRAM-based products in discrete unit form, licenses of and royalties on MRAM and magnetic sensor technology, the sale of backend foundry services, and design services to third parties. It recognizes revenue in three primary geographic regions; North America; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC).

Executives

Sanjeev Aggarwal	officer: Vice President, Technology R&D	EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Anuj Aggarwal	officer: Interim CFO	EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
David Schrenk	officer: VP Sales and Business	C/O EVERSPIN TECHNOLOGIES, INC., 5670 CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Darin G Billerbeck	director, officer: Interim CEO	EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Geoffrey G Ribar	director
Michael B Gustafson	director	380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Troy Winslow	officer: VP, Sales and Marketing	C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER ROAD, CHANDLER CA 85226
Glen Hawk	director	EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Tara Long	director	EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Stephen Socolof	director, 10 percent owner	C/O EVERSPIN TECHNOLOGIES, INC., 1347 N. ALMA SCHOOL ROAD, SUITE 220, CHANDLER AZ 85224
Aparna Oka	officer: Corporate Controller	5670 W CHANDLER BLVD, SUITE 100, CHANDLER AZ 85226
Lawrence G Finch	director	C/O EVERSPIN TECHNOLOGIES, INC.,, 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Geoffrey Tate	other: Former Director	4440 EL CAMINO REAL, LOS ALTOS CA 94022
Daniel Berenbaum	officer: CFO	C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BLVD., SUITE 100, CHANDLER AZ 85226
Matthew Tenorio	officer: Interim CFO, PFO and PAO	C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BLVD., SUITE 100, CHANDLER AZ 85226