Evertz Technologies (Evertz Technologies) Cash-to-Debt : 3.07 (As of Jan. 2024)

View and export this data going back to 2006. Start your Free Trial

Evertz Technologies Cash-to-Debt Definition

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. Evertz Technologies's cash to debt ratio for the quarter that ended in Jan. 2024 was 3.07.

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

EVTZF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 58.28 Max: 203.76
Current: 3.07

During the past 13 years, Evertz Technologies's highest Cash to Debt Ratio was 203.76. The lowest was 0.17. And the median was 58.28.

EVTZF's Cash-to-Debt is ranked better than
64.79% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs EVTZF: 3.07

Evertz Technologies Cash-to-Debt Historical Data

The historical data trend for Evertz 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.

* Premium members only.

Evertz Technologies Cash-to-Debt Chart

Evertz Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

Get a 7-Day Free Trial

203.47

2.49

4.29

1.26

0.43

Evertz Technologies 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															-	0.43	2.25	2.50	3.07

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

For the Communication Equipment subindustry, Evertz 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.

Evertz Technologies Cash-to-Debt Distribution

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

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

Evertz 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.

Evertz Technologies's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	9.247	/	(7.407	+	13.962)
	=	0.43

Evertz Technologies'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)
	=	51.935	/	(2.946	+	13.985)
	=	3.07

Evertz Technologies (OTCPK:EVTZF) 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.

Evertz Technologies Cash-to-Debt Related Terms

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

Evertz Technologies (Evertz Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Evertz Technologies Ltd (OTCPK:EVTZF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

74E:Germany ET:Canada

Address

5292 John Lucas Drive, Burlington, ON, CAN, L7L 5Z9

Website

https://www.evertz.com

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm's revenue is generated in the United States.

Evertz Technologies (Evertz Technologies) Headlines

From GuruFocus

Unraveling the Dividend Story of Evertz Technologies Ltd (EVTZF)

By GuruFocus Research • 09-21-2023