NVE (NVEC) Cash-to-Debt

: 47.91 (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. NVE's cash to debt ratio for the quarter that ended in Dec. 2023 was 47.91.

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

NVEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 22.16 Med: No Debt Max: No Debt
Current: 47.91

During the past 13 years, NVE's highest Cash to Debt Ratio was No Debt. The lowest was 22.16. And the median was No Debt.

NVEC's Cash-to-Debt is ranked better than
85.81% of 994 companies
in the Semiconductors industry
Industry Median: 1.815 vs NVEC: 47.91

NVE Cash-to-Debt Historical Data

The historical data trend for NVE'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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NVE Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

No Debt

32.55

24.77

51.98

33.11

NVE 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																22.16	33.11	28.42	32.30	47.91

Competitive Comparison

For the Semiconductors subindustry, NVE'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.

NVE Cash-to-Debt Distribution

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

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

NVE 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.

NVE'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)
	=	17.183	/	(0.176	+	0.343)
	=	33.11

NVE'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)
	=	19.021	/	(0.178	+	0.219)
	=	47.91

NVE (NAS:NVEC) 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.

NVE Cash-to-Debt Related Terms

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NVE (NVEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NVE Corp (NAS:NVEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NVK:Germany

Address

11409 Valley View Road, Eden Prarie, MN, USA, 55344

Website

https://www.nve.com

NVE Corp develops and sells devices that use spintronics, a nanotechnology that relies on electron spin. It manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. The company's products include Digital sensors, Medical sensors, Rotation Sensors, GT Sensors, Angle Sensors, Analog sensors, MSOP Isolators, Passive-In Transceivers, and others. The company manufactures high-performance spintronic products including sensors and couplers. The company's designs are based on giant magnetoresistance GMR and tunneling magnetoresistance TMR combined with integrated circuitry.

Executives

Patricia M Hollister	director	3455 LYMAN BLVD, CHASKA MN 55318-3052
Daniel A Baker	director, officer: President and CEO	11409 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344-3617
Terrence Glarner	director	160 MONTROSE PLACE, ST. PAUL MN 55104
James W Bracke	director	15411 MASON POINTE, EDEN PRAIRIE MN 55347
Curt A Reynders	officer: Chief Financial Officer	11409 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344
James D Hartman	director
Richard W Kramp	director	174 STONEBRIDGE ROAD, ST. PAUL MN 55118
Gary R Maharaj	director	9924 WEST 74TH STREET, EDEN PRAIRIE MN 55344
Robert Irish	director	17910-39TH PLACE NORTH, PLYMOUTH MN 55446
Daughton James Dr	director, 10 percent owner, officer: Chief Technology Officer
Richard George	officer: Chief Financial Officer
Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Partners Itasca	10 percent owner	3600 IDS CENTER, 80 SOUTH EIGHT ST, MINNEAPOLIS MN 55402
Norwest Equity Partners Iv Lp /mn/	10 percent owner	3600 IDS CENTER 80 SOUTH EIGHTH STREET, MINNEAPOLIS MN 554026
Still George J Jr	10 percent owner	NORWEST VENTURE PARTNERS, 525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94301