Socket Mobile (Socket Mobile) Cash-to-Debt

: 0.45 (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. Socket Mobile's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.45.

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

SCKT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 0.64 Max: 10.37
Current: 0.45

During the past 13 years, Socket Mobile's highest Cash to Debt Ratio was 10.37. The lowest was 0.26. And the median was 0.64.

SCKT's Cash-to-Debt is ranked worse than
75.59% of 2470 companies
in the Hardware industry
Industry Median: 1.37 vs SCKT: 0.45

Socket Mobile Cash-to-Debt Historical Data

The historical data trend for Socket Mobile'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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Socket Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.33

0.97

2.74

0.69

0.45

Socket Mobile 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																0.69	0.59	0.53	0.48	0.45

Competitive Comparison

For the Computer Hardware subindustry, Socket Mobile'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.

Socket Mobile Cash-to-Debt Distribution

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

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

Socket Mobile 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.

Socket Mobile'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)
	=	2.827	/	(3.469	+	2.809)
	=	0.45

Socket Mobile'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)
	=	2.827	/	(3.469	+	2.809)
	=	0.45

Socket Mobile (NAS:SCKT) 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.

Socket Mobile Cash-to-Debt Related Terms

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

Socket Mobile (Socket Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Socket Mobile Inc (NAS:SCKT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNB1:Germany

Address

40675 Encyclopedia Circle, Fremont, CA, USA, 94538

Website

https://www.socketmobile.com

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the United States, Europe, Asia, and the rest of the world, out of which the majority of the revenue is generated from the United States.

Executives

Kevin J Mills	director, officer: President and CEO	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Charlie Bass	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Giacomo Marini	director	40675 ENCYCLOPEDIA CIR., FREMONT CA 94538
Laura Weinstein	director	40675 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538
Leonard L Ott	officer: Chief Technical Officer	37400 CENTRAL COURT, NEWARK CA 94560
David A. Holmes	officer: Chief Business Officer	39700 EUREKA DRIVE, NEWARK CA 94560
Lynn Zhao	officer: Vice President and Controller	39700 EUREKA DRIVE, NEWARK CA 94560
David W Dunlap	officer: CFO	37400 CENTRAL COURT, NEWARK CA 94560
Ivan Lazarev	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Parnell William L. Jr	director	40675 ENCYCLOPEDIA CIR, FREMONT CA 94538
Nelson C Chan	director	C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Brenton Earl Macdonald	director	39700 EUREKA DRIVE, NEWARK CA 94560
James Lopez	officer: VP Marketing & Business Dev.	39700 EUREKA DRIVE, NEWARK CA 94560
Erik L. Fidel	director	39700 EUREKA DRIVE, NEWARK CA 94560
Kevin R Jost	director	10370 RICHMOND AVENUE, SUITE 600, HOUSTON TX 77042