Indie Semiconductor (Indie Semiconductor) Cash-to-Debt : 0.87 (As of Dec. 2023)

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What is Indie Semiconductor 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. Indie Semiconductor's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.87.

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, Indie Semiconductor couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

INDI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 1.33 Max: 27.76
Current: 0.87

During the past 4 years, Indie Semiconductor's highest Cash to Debt Ratio was 27.76. The lowest was 0.87. And the median was 1.33.

INDI's Cash-to-Debt is ranked worse than
64.25% of 993 companies
in the Semiconductors industry
Industry Median: 1.76 vs INDI: 0.87

Indie Semiconductor Cash-to-Debt Historical Data

The historical data trend for Indie Semiconductor'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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Indie Semiconductor Cash-to-Debt Chart

Indie Semiconductor Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.90

27.76

1.75

0.87

Indie Semiconductor Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										1.75	1.20	1.05	0.92	0.87

Competitive Comparison of Indie Semiconductor's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Indie Semiconductor'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.

Indie Semiconductor's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Indie Semiconductor's Cash-to-Debt distribution charts can be found below:

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

Indie Semiconductor 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.

Indie Semiconductor'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)
	=	151.678	/	(6.759	+	167.585)
	=	0.87

Indie Semiconductor'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)
	=	151.678	/	(6.759	+	167.585)
	=	0.87

Indie Semiconductor (NAS:INDI) 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.

Indie Semiconductor Cash-to-Debt Related Terms

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Indie Semiconductor (Indie Semiconductor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Indie Semiconductor Inc (NAS:INDI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

48H:Germany

Address

32 Journey, Aliso Viejo, CA, USA, 92656

Website

https://www.indiesemi.com

Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms.

Executives

Thomas Schiller	officer: CFO and EVP of Strategy	C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656
Bal Kanwardev Raja Singh	officer: SVP Chief Accounting Officer	C/O INDIE SEMICONDUCTOR, INC., 32 JOURNEY, ALISO VIEJO CA 92656
Donald Mcclymont	director, officer: Chief Executive Officer	C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656
Sonalee Elizabeth Parekh	director	767 FIFTH AVENUE, NEW YORK NY 10153
Ichiro Aoki	director, officer: President	C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656
Diane W. Biagianti	director	C/O GLAUKOS CORPORATION, 229 AVENIDA FABRICANTE, SAN CLEMENTE CA 92672
Steven Machuga	officer: Chief Operating Officer	C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656
Scott David Kee	officer: Chief Technology Officer	C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656
Ellen S Bancroft	officer: General Counsel & Secretary	C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656
Peter J Kight	director	4411 EAST JONES BRIDGE ROAD, NORCROSS GA 30092
David J Aldrich	director	20 SYLVAN ROAD, WOBURN MA 01801
Jeffrey J Owens	director	5725 DELPHI DRIVE, TROY MI 48098
Karl-thomas Neumann	director	C/O AEYE TECHNOLOGIES, INC., 1 PARK PLACE, SUITE 200, DUBLIN CA 94568
Diane D Brink	director	C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105
William Woodward	director	ANTHEM VENTURE PARTNERS, 225 ARIZONA AVENUE, SUITE 200, SANTA MONICA CA 90401