Navitas Semiconductor (Navitas Semiconductor) Cash-to-Debt : 17.89 (As of Dec. 2023)

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What is Navitas 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. Navitas Semiconductor's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.89.

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

NVTS' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.51 Med: 17.34 Max: 38.79
Current: 17.89

During the past 4 years, Navitas Semiconductor's highest Cash to Debt Ratio was 38.79. The lowest was 6.51. And the median was 17.34.

NVTS's Cash-to-Debt is ranked better than
78.55% of 993 companies
in the Semiconductors industry
Industry Median: 1.76 vs NVTS: 17.89

Navitas Semiconductor Cash-to-Debt Historical Data

The historical data trend for Navitas 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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Navitas Semiconductor Cash-to-Debt Chart

Navitas Semiconductor Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

6.51

38.79

16.80

17.89

Navitas Semiconductor Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								16.80	14.99	28.12	28.81	17.89

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

For the Semiconductors subindustry, Navitas 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.

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

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

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

Navitas 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.

Navitas 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)
	=	152.839	/	(1.892	+	6.653)
	=	17.89

Navitas 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)
	=	152.839	/	(1.892	+	6.653)
	=	17.89

Navitas Semiconductor (NAS:NVTS) 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.

Navitas Semiconductor Cash-to-Debt Related Terms

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Navitas Semiconductor (Navitas Semiconductor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Navitas Semiconductor Corp (NAS:NVTS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3520 Challenger Street, Torrance, CA, USA, 90503-1640

Website

https://www.navitassemi.com

Navitas Semiconductor Corp develops ultra-efficient gallium nitride (GaN) semiconductors that are revolutionizing power electronics. GaN power ICs integrate GaN power with drive, control, and protection to enable fast charging, high power density, and energy savings for mobile, consumer, enterprise, eMobility, and new energy markets. The company operates as one reportable segment, the design, development, manufacture and marketing of integrated circuits and related components for use in mobile device and other markets. Geographically, the company operates in China, Europe, United States, Rest of Asia and Others. Majority of revenue is generated from China.

Executives

Ron Shelton	officer: Sr VP, CFO and Treasurer
Dipender Saluja	director	1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Wunderlich Gary Kent Jr	director	CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367
Richard J Hendrix	director	1300 NORTH 17TH STREET, ARLINGTON VA 22209
Eugene Sheridan	director, officer: Chief Executive Officer	C/O NAVITAS SEMICONDUCTOR CORPORATION, 3520 CHALLENGER STREET, TORRANCE CA 90503-1640
Daniel M. Kinzer	director, officer: Chief Oprtng and Tech Officer	C/O CORP SEC, FAIRCHILD SEMICONDUCTOR, 82 RUNNING HILL RD., S. PORTLAND ME 04106
Ranbir Singh	10 percent owner, officer: EVP, GeneSic Business	2101 E. EL SEGUNDO BLVD., STE. 205, EL SEGUNDO CA 90245
Sicpower, Llc	10 percent owner	C/O CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
David Moxam	director	C/O 2101 EL SEGUNDO BLVD., SUITE 204, EL SEGUNDO CA 90245
Todd Glickman	officer: Interim Chf Financial Officer	C/O 2101 EL SEGUNDO BLVD., SUITE 204, EL SEGUNDO CA 90245
Malibuiq, Llc	10 percent owner	21245 SMITH ROAD, COVINGTON LA 70435
Brian Long	director
Atalaya Capital Management Lp	10 percent owner	ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Atalaya Special Purpose Investment Fund Lp	10 percent owner	ONE ROCKEFELLER PLAZA, NEW YORK NY 10710
Acm Asof Vii (cayman) Holdco Lp	10 percent owner	ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10022