What is Cricut Debt-to-Equity?
Cricut's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.2 Mil. Cricut's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.9 Mil. Cricut's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $534.9 Mil.
Cricut's debt to equity for the quarter that ended in Dec. 2023 was 0.03.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Cricut's Debt-to-Equity or its related term are showing as below:
CRCT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.56
Current: 0.03
During the past 6 years, the highest Debt-to-Equity Ratio of Cricut was 0.56. The lowest was 0.03. And the median was 0.03.
Cricut Debt-to-Equity Historical Data
The historical data trend for Cricut's Debt-to-Equity 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.
Cricut Debt-to-Equity Chart
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Cricut Annual Data
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Trend |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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0.46 |
- |
0.03 |
0.03 |
0.03 |
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Cricut Quarterly Data
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Dec18 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Competitive Comparison of Cricut's Debt-to-Equity
For the Computer Hardware subindustry, Cricut's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Cricut's Debt-to-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Cricut's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cricut's Debt-to-Equity falls into.
Cricut Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Cricut's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Cricut's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* 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.
Cricut (Cricut) Business Description
Traded in Other Exchanges
Address
10855 South River Front Parkway, South Jordan, UT, USA, 84095
Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including Connected machines, Subscriptions, and Accessories and materials. It derives maximum revenue from the Accessories and Materials segment through the sales of Cricut EasyPress, hand tools, machine replacement tools and blades, project materials such as vinyl and iron-on, and sales of a la carte digital content purchases, including fonts, images, and projects.
Executives
| Abdiel Qualified Master Fund Lp |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Jason Makler |
director |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Donald B. Olsen |
officer: EVP, General Counsel & Sec. |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Ryan Harmer |
officer: Principal Accounting Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Arora Ashish |
director, 10 percent owner, officer: Chief Executive Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Kimball C Shill |
officer: Chief Financial Officer |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Gregory Rowberry |
officer: EVP, Sales |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Len Blackwell |
director |
10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095 |
| Abdiel Capital Management, Llc |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Moran Colin T. |
10 percent owner |
410 PARK AVE, SUITE 930, NEW YORK NY 10022 |
| Abdiel Capital Advisors, Lp |
10 percent owner |
90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Abdiel Capital Lp |
10 percent owner |
C/O ABDIEL CAPITAL ADVISORS, LP, 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016 |
| Martin F Petersen |
officer: Chief Financial Officer |
5152 NORTH EDGEWOOD DRIVE, SUITE 375, PROVO UT 84604 |
| Petrus Trust Company, Lta |
10 percent owner |
3000 TURTLE CREEK BLVD., DALLAS TX 75219 |
| L.p. Hwgaa, |
10 percent owner |
3000 TURTLE CREEK BLVD, DALLAS TX 75219 |
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