Ixia (XXIA) Cash-to-Debt : 4.26 (As of Dec. 2016)

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What is Ixia 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. Ixia's cash to debt ratio for the quarter that ended in Dec. 2016 was 4.26.

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, Ixia could pay off its debt using the cash in hand for the quarter that ended in Dec. 2016.

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

XXIA's Cash-to-Debt is not ranked ^*
in the Software industry.
Industry Median: 2.415
* Ranked among companies with meaningful Cash-to-Debt only.

Ixia Cash-to-Debt Historical Data

The historical data trend for Ixia'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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Ixia Cash-to-Debt Chart

Ixia Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cash-to-Debt

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0.87

0.43

0.63

1.79

4.26

Ixia Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Cash-to-Debt	Get a 7-Day Free Trial															1.79	2.23	2.85	3.53	4.26

Competitive Comparison of Ixia's Cash-to-Debt

For the Information Technology Services subindustry, Ixia'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.

Ixia's Cash-to-Debt Distribution in the Software Industry

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

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

Ixia 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.

Ixia's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 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)
	=	143.01	/	(5.048	+	28.538)
	=	4.26

Ixia's Cash to Debt Ratio for the quarter that ended in Dec. 2016 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)
	=	143.01	/	(5.048	+	28.538)
	=	4.26

Ixia (NAS:XXIA) 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.

Ixia Cash-to-Debt Related Terms

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Ixia (XXIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ixia (NAS:XXIA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ixiacom.com

Ixia was founded in 1997 and is headquartered in Calabasas, California. The Company provides application performance and security resilience network test and network visibility solutions that validate, secure, and optimize businesses' physical and virtual networks. The Company has operations in EMEA and Asia Pacific region. It offers an always-on user experience through fast, secure delivery of dynamic, connected technologies and services. The Company uses direct sales force to market and sell its products and solutions and has number of ongoing programs to support the sale and distribution of products and solutions and to inform existing and potential customers, partners and distributors about the capabilities and benefits of systems. The Company serves network equipment manufacturers, service providers, enterprises and government agencies. The Company competes with network test and monitoring solution vendors such as Spirent Communications, Gigamon, Danaher, Aeroflex, JDS Uniphase, and NetScout.

Executives

Bethany Mayer	director, officer: President and CEO	C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Gail Hamilton	director	20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Ilan Daskal	director	1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Brent T Novak	officer: Chief Financial Officer	C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Jonathan Fram	director	NONE, SEATTLE WA 98101
Graaf Raymond De	officer: Sr. Vice President, Operations	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302
Thomas B Miller	officer: Chief Financial Officer	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302
Pictet Overseas Trust Corp Ltd	10 percent owner	BAYSIDE EXECUTIVE PARK, BUILDING NO. 1, WEST BAY STREET AND BLAKE ROAD, NASSAU C5 0000000000
Atul Bhatnagar	director, officer: President and CEO	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302