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Cerence (Cerence) Equity-to-Asset

: 0.58 (As of Dec. 2023)
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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cerence's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $731.1 Mil. Cerence's Total Assets for the quarter that ended in Dec. 2023 was $1,264.9 Mil. Therefore, Cerence's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.58.

The historical rank and industry rank for Cerence's Equity-to-Asset or its related term are showing as below:

CRNC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.53   Med: 0.59   Max: 0.78
Current: 0.58

During the past 8 years, the highest Equity to Asset Ratio of Cerence was 0.78. The lowest was 0.53. And the median was 0.59.

CRNC's Equity-to-Asset is ranked better than
55.13% of 2839 companies
in the Software industry
Industry Median: 0.55 vs CRNC: 0.58

Cerence Equity-to-Asset Historical Data

The historical data trend for Cerence's Equity-to-Asset 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.

* Premium members only.

Cerence Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Equity-to-Asset
Premium Member Only Premium Member Only Premium Member Only 0.72 0.57 0.61 0.54 0.54

Cerence Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.53 0.54 0.54 0.58

Competitive Comparison

For the Software - Application subindustry, Cerence's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Cerence Equity-to-Asset Distribution

For the Software industry and Technology sector, Cerence's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Cerence's Equity-to-Asset falls into.



Cerence Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Cerence's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )=Total Stockholders Equity/Total Assets
=694.875/1297.59
=0.54

Cerence's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=731.133/1264.908
=0.58

* 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.


Cerence  (NAS:CRNC) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Cerence Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Cerence's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Cerence (Cerence) Business Description

Traded in Other Exchanges
Address
1 Burlington Woods Drive, Suite 301A, Burlington, MA, USA, 01803
Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific.
Executives
Stefan Ortmanns officer: Executive Vice President WALTER-SCHEIBLER-STR 24, MONSCHAU 2M 52156
Iqbal Arshad officer: EVP, CTO CERENCE INC., 1 BURLINGTON WOODS DRIVE, SUITE 301A, BURLINGTON MA 01803
Thomas L Beaudoin director NUANCE COMMUNICATIONS, INC., 1 WAYSIDE ROAD, BURLINGTON MA 01803
Marcy S Klevorn director ONE AMERICAN ROAD, DEARBORN MI 48126
Prateek Kathpal officer: EVP & CTO 1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803
Christophe Couvreur officer: SVP, Core BU 1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803
Douglas Lee Davis director 1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Marc Montagner officer: Chief Financial Officer C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
Sanjay Dhawan director, officer: Chief Executive Officer C/O HARMAN INTERNATIONAL INDUSTRIES, INC, 400 ATLANTIC STREET, STAMFORD CT 06901
Leanne Fitzgerald director, officer: Vice President and Secretary 1 WAYSIDE ROAD, BURLINGTON MA 01803
Mark J Gallenberger officer: President LTX-CREDENCE CORPORATION, 825 UNIVERSITY AVENUE, NORWOOD MA 02062
Alfred A Nietzel director ONE ADP BOULEVARD, ROSELAND NJ 07068
Kristi Ann Matus director C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Marianne Budnik director C/O ACME PACKET, INC., 100 CROSBY DRIVE, BEDFORD MA 01730
Sanjay K Jha director 15 WAYSIDE ROAD, BURLINGTON MA 01803