Palladyne AI (Palladyne AI) Cash-to-Debt : 3.15 (As of Dec. 2023)

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What is Palladyne AI 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. Palladyne AI's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.15.

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

PDYN' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.15 Med: 10.7 Max: 31016.29
Current: 3.15

During the past 4 years, Palladyne AI's highest Cash to Debt Ratio was 31016.29. The lowest was 3.15. And the median was 10.70.

PDYN's Cash-to-Debt is ranked better than
53.65% of 2792 companies
in the Software industry
Industry Median: 2.44 vs PDYN: 3.15

Palladyne AI Cash-to-Debt Historical Data

The historical data trend for Palladyne AI'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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Palladyne AI Cash-to-Debt Chart

Palladyne AI Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

12.78

31,016.29

8.62

3.15

Palladyne AI Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									8.62	7.30	5.88	4.34	3.15

Competitive Comparison of Palladyne AI's Cash-to-Debt

For the Software - Infrastructure subindustry, Palladyne AI'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.

Palladyne AI's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Palladyne AI's Cash-to-Debt distribution charts can be found below:

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

Palladyne AI 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.

Palladyne AI'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)
	=	39.086	/	(1.36	+	11.036)
	=	3.15

Palladyne AI'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)
	=	39.086	/	(1.36	+	11.036)
	=	3.15

Palladyne AI (NAS:PDYN) 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.

Palladyne AI Cash-to-Debt Related Terms

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

Palladyne AI (Palladyne AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palladyne AI Corp (NAS:PDYN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 South 500 West, Suite 150, Salt Lake City, UT, USA, 84101

Website

https://www.sarcos.com

Sarcos Technology & Robotics Corp designs, develops and manufactures a broad range of advanced mobile robotic systems that redefine human possibilities and are designed to enable the safest, most productive workforce in the world. The company operates in challenging, unstructured industrial environments and includes teleoperated robotic systems, a powered robotic exoskeleton, and software solutions that enable task autonomy.

Executives

Brian D Finn	director	C/O BLACKROCK KELSO CAPITAL CORPORATION, 40 EAST 52ND STREET, NEW YORK NY 10022
Matthew Vogt	officer: Chief Revenue Officer	C/O SARCOS TECHNOLOGY AND ROBOTICS CORP, 650 SOUTH 500 WEST, SUITE 150, SALT LAKE CITY UT 84101
Stephen Sonne	officer: Chief Legal Officer	C/O SARCOS TECHNOLOGY & ROBOTICS CORP, 650 SOUTH 500 WEST, SUITE 150, SALT LAKE CITY UT 84101
Denis Garagic	officer: Chief Technology Officer	650 SOUTH 500 WEST, SALT LAKE CITY UT 84101
Andrew Hamer	officer: Chief Financial Officer	777 MARINERS ISLAND BLVD, SAN MATEO CA 94404
Jorgen Pedersen	officer: Chief Operating Officer	650 SOUTH 500 WEST, SUITE 150, SALT LAKE CITY UT 84101
Kiva A. Allgood	director, officer: President & CEO	C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Fraser Smith	10 percent owner, officer: Chief Innovation Officer	360 WAKARA WAY, SALT LAKE CITY UT 84108
Marc Olivier	10 percent owner	360 WAKARA WAY, SALT LAKE CITY UT 84108
Steven Q. Hansen	officer: Chief Financial Officer	360 WAKARA WAY, SALT LAKE CITY UT 84108
Matthew Shigenobu Muta	director	360 WAKARA WAY, SALT LAKE CITY UT 84108
Priya Balasubramaniam	director	360 WAKARA WAY, SALT LAKE CITY UT 84108
Kristi Martindale	officer: EVP, Ch. Product & Market Off	360 WAKARA WAY, SALT LAKE CITY UT 84108
Marian Joh	officer: Chief Operating Officer	360 WAKARA WAY, SALT LAKE CITY UT 84108
Peter S Klein	director	C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399