Cerence Balance Sheet Health
Financial Health criteria checks 3/6
Cerence has a total shareholder equity of $463.4M and total debt of $278.9M, which brings its debt-to-equity ratio to 60.2%. Its total assets and total liabilities are $987.1M and $523.7M respectively. Cerence's EBIT is $49.0M making its interest coverage ratio 5.7. It has cash and short-term investments of $108.5M.
Key information
60.2%
Debt to equity ratio
US$278.89m
Debt
| Interest coverage ratio | 5.7x |
| Cash | US$108.53m |
| Equity | US$463.40m |
| Total liabilities | US$523.69m |
| Total assets | US$987.09m |
Recent financial health updates
Cerence (NASDAQ:CRNC) Seems To Use Debt Quite Sensibly
Apr 09
Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt
Nov 16Cerence (NASDAQ:CRNC) Is Carrying A Fair Bit Of Debt
Aug 18Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt
May 10We Think Cerence (NASDAQ:CRNC) Is Taking Some Risk With Its Debt
Jan 05Cerence (NASDAQ:CRNC) Seems To Use Debt Quite Sensibly
May 17Recent updates
Revenues Working Against Cerence Inc.'s (NASDAQ:CRNC) Share Price Following 43% Dive
Jun 10An Intrinsic Calculation For Cerence Inc. (NASDAQ:CRNC) Suggests It's 48% Undervalued
May 31The Market Doesn't Like What It Sees From Cerence Inc.'s (NASDAQ:CRNC) Revenues Yet As Shares Tumble 35%
Apr 26Cerence (NASDAQ:CRNC) Seems To Use Debt Quite Sensibly
Apr 09Cerence (NASDAQ:CRNC) Hasn't Managed To Accelerate Its Returns
Mar 13Cerence: Poised For Rebound With Strong Pipeline
Mar 05Cerence Inc.'s (NASDAQ:CRNC) Shares Lagging The Industry But So Is The Business
Jan 04Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt
Nov 16Cerence (NASDAQ:CRNC) Is Carrying A Fair Bit Of Debt
Aug 18Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt
May 10Are Investors Undervaluing Cerence Inc. (NASDAQ:CRNC) By 43%?
Apr 03Cerence's (NASDAQ:CRNC) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Jan 27We Think Cerence (NASDAQ:CRNC) Is Taking Some Risk With Its Debt
Jan 05Cerence to develop next-generation co-pilot for Renault vehicles
Oct 17Return Trends At Cerence (NASDAQ:CRNC) Aren't Appealing
Oct 13Cerence: Promising Industry, Vulnerable Company
Sep 23Bearish: Analysts Just Cut Their Cerence Inc. (NASDAQ:CRNC) Revenue and EPS estimates
Aug 10Cerence Q3 2022 Earnings Preview
Aug 08Cerence (NASDAQ:CRNC) Hasn't Managed To Accelerate Its Returns
Jun 24Cerence: Facing Unprecedented Competition From Apple
Jun 10Cerence (NASDAQ:CRNC) Seems To Use Debt Quite Sensibly
May 17Cerence's (NASDAQ:CRNC) Returns Have Hit A Wall
Mar 21Headwaters Capital - Cerence Inc.: The Swiss Tech Platform Driving Digital Penetration In Autos
Mar 17Cerence: Disappointing Guidance But Already Profitable
Mar 06Financial Position Analysis
Short Term Liabilities: CRNC's short term assets ($232.7M) exceed its short term liabilities ($106.7M).
Long Term Liabilities: CRNC's short term assets ($232.7M) do not cover its long term liabilities ($417.0M).
Debt to Equity History and Analysis
Debt Level: CRNC's net debt to equity ratio (36.8%) is considered satisfactory.
Reducing Debt: CRNC's debt to equity ratio has increased from 0% to 60.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CRNC has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CRNC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.