Varonis Systems (Varonis Systems) Cash-to-Debt : 1.71 (As of Dec. 2023)

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What is Varonis Systems 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. Varonis Systems's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.71.

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, Varonis Systems could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

VRNS' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.09 Med: 5001.33 Max: No Debt
Current: 1.71

During the past 13 years, Varonis Systems's highest Cash to Debt Ratio was No Debt. The lowest was 1.09. And the median was 5001.33.

VRNS's Cash-to-Debt is ranked worse than
55.62% of 2792 companies
in the Software industry
Industry Median: 2.44 vs VRNS: 1.71

Varonis Systems Cash-to-Debt Historical Data

The historical data trend for Varonis Systems'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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Varonis Systems Cash-to-Debt Chart

Varonis Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.11

1.09

2.67

2.32

1.71

Varonis Systems 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	Get a 7-Day Free Trial															2.32	2.48	2.49	1.74	1.71

Competitive Comparison of Varonis Systems's Cash-to-Debt

For the Software - Infrastructure subindustry, Varonis Systems'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.

Varonis Systems's Cash-to-Debt Distribution in the Software Industry

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

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

Varonis Systems 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.

Varonis Systems'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)
	=	533.715	/	(10.049	+	301.79)
	=	1.71

Varonis Systems'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)
	=	533.715	/	(10.049	+	301.79)
	=	1.71

Varonis Systems (NAS:VRNS) 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.

Varonis Systems Cash-to-Debt Related Terms

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

Varonis Systems (Varonis Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Varonis Systems Inc (NAS:VRNS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VS2:Germany VS2:Germany

Address

1250 Broadway, 29th Floor, New York, NY, USA, 10001

Website

https://www.varonis.com

Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.

Executives

James O'boyle	officer: SVP of Worldwide Sales	C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
David Bass	officer: EVP Engineering & CTO	1250 BROADWAY 29TH FLOOR, NEW YORK NY 10001
Avrohom J. Kess	director	385 WASHINGTON STREET, ST. PAUL MN 55102
Yakov Faitelson	director, officer: CEO, President, Chairman	C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
Ofer Segev	director	NESS TOWER, ATIDIM HIGH-TECH INDUSTRIAL, PARK, BUILDING 4, TEL AVIV L3 61580
Guy Melamed	officer: Chief Financial Officer	1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Dov Gottlieb	officer: VP and General Counsel	1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Van Den Bosch Fred	director	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Carlos Aued	director	1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Gilad Raz	officer: CIO & VP of Technical Services	1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Kevin E Comolli	director, 10 percent owner	C/O ACCEL, 500 UNIVERSITY AVE, PALO ALTO CA 94301
Thomas F Mendoza	director	495 E. JAVA DRIVE, SUNNYVALE CA 94089
Rachel Prishkolnik	director	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Gili Iohan	officer: Chief Financial Officer	C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
Rona Segev-gal	director	C/O PITANGO VENTURE CAPITAL FUND IV L.P., 540 COWPER ST., SUITE 200, PALO ALTO CA 94301