eMagin (STU:EMGA) Cash-to-Debt

: 0.17 (As of Jun. 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. eMagin's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.17.

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, eMagin couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

STU:EMGA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 2.36 Max: No Debt
Current: 0.17

During the past 13 years, eMagin's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 2.36.

STU:EMGA's Cash-to-Debt is not ranked
in the Hardware industry.
Industry Median: 1.38 vs STU:EMGA: 0.17

eMagin Cash-to-Debt Historical Data

The historical data trend for eMagin'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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eMagin Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

0.52

0.50

0.39

0.27

eMagin Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt																0.29	0.25	0.27	0.26	0.17

Competitive Comparison

For the Electronic Components subindustry, eMagin'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.

eMagin Cash-to-Debt Distribution

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

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

eMagin 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.

eMagin's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	4.103	/	(2.19	+	12.846)
	=	0.27

eMagin's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	3.009	/	(1.155	+	17.091)
	=	0.16

eMagin (STU:EMGA) 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.

eMagin Cash-to-Debt Related Terms

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eMagin (STU:EMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » eMagin Corp (STU:EMGA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 South Drive, Suite 201, Hopewell Junction, NY, USA, 12533

Website

https://www.emagin.com

eMagin Corp designs, develop, manufactures, and markets organic light-emitting diode, or OLED miniature displays, OLED-on-silicon microdisplays, virtual imaging products that utilize OLED micro displays, and related products. The company's OLED displays are used in a variety of products, including military aviation helmets, military weapons sights and targeting systems, night vision & thermal imaging devices, training and simulation, visualization for ocular surgery, mobile ultrasound, and augmented reality applications.

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