Gilattellite Networks (Gilattellite Networks) Cash-to-Debt : 6.98 (As of Dec. 2023)

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What is Gilattellite Networks 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. Gilattellite Networks's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.98.

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, Gilattellite Networks 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 Gilattellite Networks's Cash-to-Debt or its related term are showing as below:

GILT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: 5.49 Max: 22.6
Current: 6.98

During the past 13 years, Gilattellite Networks's highest Cash to Debt Ratio was 22.60. The lowest was 0.56. And the median was 5.49.

GILT's Cash-to-Debt is ranked better than
74.78% of 2470 companies
in the Hardware industry
Industry Median: 1.35 vs GILT: 6.98

Gilattellite Networks Cash-to-Debt Historical Data

The historical data trend for Gilattellite Networks'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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Gilattellite Networks Cash-to-Debt Chart

Gilattellite Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.61

9.98

20.49

22.60

6.98

Gilattellite Networks 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															22.60	24.94	27.92	28.19	6.98

Competitive Comparison of Gilattellite Networks's Cash-to-Debt

For the Communication Equipment subindustry, Gilattellite Networks'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.

Gilattellite Networks's Cash-to-Debt Distribution in the Hardware Industry

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

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

Gilattellite Networks 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.

Gilattellite Networks'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)
	=	103.961	/	(9.879	+	5.022)
	=	6.98

Gilattellite Networks'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)
	=	103.961	/	(9.879	+	5.022)
	=	6.98

Gilattellite Networks (NAS:GILT) 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.

Gilattellite Networks Cash-to-Debt Related Terms

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Gilattellite Networks (Gilattellite Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gilat Satellite Networks Ltd (NAS:GILT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GILT:Israel GSA:Germany

Address

21 Yegia Kapayim Street, Gilat House, Kiryat Arye, Petah Tikva, ISR, 4913020

Website

https://www.gilat.com

Gilat Satellite Networks Ltd is a provider of satellite-based broadband communications. The company designs and manufactures ground-based satellite communications equipment and provides comprehensive solutions and end-to-end services. Its portfolio includes a cloud-based satellite network platform, very small aperture terminals (VSATs), amplifiers, high-speed modems, on-the-move antennas and high-power solid-state power amplifiers (SSPAs), block up converters (BUCs) and Trancievers. The company's solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety.