National Instruments (National Instruments) Cash-to-Debt : 0.22 (As of Jun. 2023)

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What is National Instruments 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. National Instruments's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.22.

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, National Instruments couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

NATI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 12.37 Max: No Debt
Current: 0.22

During the past 13 years, National Instruments's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was 12.37.

NATI's Cash-to-Debt is not ranked
in the Software industry.
Industry Median: 2.43 vs NATI: 0.22

National Instruments Cash-to-Debt Historical Data

The historical data trend for National Instruments'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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National Instruments Cash-to-Debt Chart

National Instruments Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

8.00

2.15

0.61

0.24

National Instruments Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.21	0.24	0.24	0.24	0.22

Competitive Comparison of National Instruments's Cash-to-Debt

For the Software - Application subindustry, National Instruments'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.

National Instruments's Cash-to-Debt Distribution in the Software Industry

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

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

National Instruments 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.

National Instruments's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	139.799	/	(38.834	+	547.225)
	=	0.24

National Instruments's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	139.243	/	(41.608	+	600.859)
	=	0.22

National Instruments (NAS:NATI) 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.

National Instruments Cash-to-Debt Related Terms

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

National Instruments (National Instruments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » National Instruments Corp (NAS:NATI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11500 North MoPac Expressway, Austin, TX, USA, 78759

Website

https://www.ni.com

National Instruments provides testing and measurement equipment and integrated, software-led solutions to serve high-complexity automated testing in late product development. NI serves a long tail of more than 30,000 customers in myriad end markets but focuses on the semiconductor, transportation, and aerospace and defense verticals.

Executives

Ritu Favre	officer: Executive Vice President	12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Scott Arthur Rust	officer: Executive Vice President	C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Alexander M Davern	officer: Senior Vice President and CFO	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759
Thomas Benjamin	officer: Executive Vice President	C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC EXPRESSWAY, AUSTIN TX 78759
Eric Howard Starkloff	director, officer: President & CEO	11500 NORTH MOPAC, BUILDING C, AUSTIN TX 78759
Daniel Berenbaum	officer: Chief Financial Officer, EVP	C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BLVD., SUITE 100, CHANDLER AZ 85226
Cashman James E Iii	director	2600 ANSYS DRIVE, CANONSBURG PA 15317
Gerhard Paul Fettweis	director	C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Michael E Mcgrath	director	11701 LUNA ROAD, DALLAS TX 75234
Liam Griffin	director	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Gayla J Delly	director	3000 TECHNOLOGY DR, ANGLETON TX 77515
Jason Elliot Green	officer: Chief Revenue Officer & EVP	C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Karen Marie Rapp	officer: Chief Financial Officer & EVP	C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Carla Pineyro Sublett	officer: Chief Marketing Officer	C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Jeffrey L Kodosky	director	C/O NATIONAL INSTRUMENTS CORP, 11500 N. MOPAC EXPRESSWAY, AUSTIN TX 78759