Sleep Number (FRA:SL2) Cash-to-Debt : 0.00 (As of Mar. 2024)

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What is Sleep Number 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. Sleep Number's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.00.

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, Sleep Number couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

During the past 13 years, Sleep Number's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.01.

FRA:SL2's Cash-to-Debt is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 0.99
* Ranked among companies with meaningful Cash-to-Debt only.

Sleep Number Cash-to-Debt Historical Data

The historical data trend for Sleep Number'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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Sleep Number Cash-to-Debt Chart

Sleep Number Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

Sleep Number Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Sleep Number's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Sleep Number'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.

Sleep Number's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sleep Number's Cash-to-Debt distribution charts can be found below:

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

Sleep Number 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.

Sleep Number'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)
	=	2.328	/	(569.695	+	322.228)
	=	0.00

Sleep Number's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1.903	/	(556.416	+	315.971)
	=	0.00

Sleep Number (FRA:SL2) 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.

Sleep Number Cash-to-Debt Related Terms

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

Sleep Number (FRA:SL2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sleep Number Corp (FRA:SL2) » Definitions » Cash-to-Debt

Comparable Companies

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SNBR:USA

Address

1001 Third Avenue South, Minneapolis, MN, USA, 55404

Website

https://www.sleepnumber.com

Sleep Number Corp. offers individualized mattresses and sleep solutions. Consumers can customize Sleep Number bedding to suit their comforts. The company utilizes algorithms and biometric data for customizations. Revenue is generated through marketing and selling bedding through two distribution channels: company-controlled, including direct-to-consumer retail and online sales; and wholesale, which sells through selected wholesale and retail customers. Almost all revenue comes from company-controlled retail sales. Sleep Number Corp. sells its products throughout the United States.

Sleep Number (FRA:SL2) Headlines

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