Pure Storage (Pure Storage) Cash-to-Debt

: 5.63 (As of Jan. 2024)

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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. Pure Storage's cash to debt ratio for the quarter that ended in Jan. 2024 was 5.63.

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, Pure Storage could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

PSTG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.38 Med: 4.15 Max: No Debt
Current: 5.63

During the past 11 years, Pure Storage's highest Cash to Debt Ratio was No Debt. The lowest was 1.38. And the median was 4.15.

PSTG's Cash-to-Debt is ranked better than
72% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs PSTG: 5.63

Pure Storage Cash-to-Debt Historical Data

The historical data trend for Pure Storage'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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Pure Storage Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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2.18

1.38

1.54

2.09

5.63

Pure Storage Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															2.09	4.18	4.37	4.96	5.63

Competitive Comparison

For the Computer Hardware subindustry, Pure Storage'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.

Pure Storage Cash-to-Debt Distribution

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

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

Pure Storage 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.

Pure Storage's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	1531.093	/	(48.872	+	223.201)
	=	5.63

Pure Storage's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	1531.093	/	(48.872	+	223.201)
	=	5.63

Pure Storage (NYSE:PSTG) 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.

Pure Storage Cash-to-Debt Related Terms

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

Pure Storage (Pure Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pure Storage Inc (NYSE:PSTG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6PU:Germany

Address

650 Castro Street, Suite 400, Mountain View, CA, USA, 94041

Website

http://www.purestorage.com

Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

Executives

P. Kevan Krysler	officer: Chief Financial Officer	3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Roxanne Taylor	director	PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Gregory Tomb	director	650 CASTRO ST, SUITE 400, MOUNTAIN VIEW CA 94041
Mona Chu	officer: Chief Accounting Officer	650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Mallun Yen	director	1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105
Brown Andrew William Fraser	director	C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
John Francis Murphy	director	2250 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Dan Fitzsimons	officer: Chief Revenue Officer	C/O PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Ajay Singh	officer: Chief Product Officer	PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Anita M Sands	director	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Scott Dietzen	director, officer: Chief Executive Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Paul S Mountford	officer: Chief Operating Officer	950 WEST MAUDE AVE, SUNNYVALE CA 94085
Timothy Riitters	officer: Chief Financial Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Taylor Susan J.s.	director	C/O LINKEDIN CORPORATION, 2029 STIERLIN COURT, MOUNTAIN VIEW CA 94043
John Colgrove	director, officer: Chief Technology Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041