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Credo Technology Group Holding Ltd  (CRDO)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology

Credo Technology Group Holding Ltd's Tangible Leverage Ratio

CRDO's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Despite a net increase in borrowings by 3.99%, Credo Technology Group Holding Ltd managed to enhance Tangible Leverage Ratio in the third quarter 2023 to 0.11, falling below the company's typical Tangible Leverage Ratio.

Within Semiconductors industry in the third quarter 2023, 2 other companies have achieved lower Tangible Leverage Ratio than Credo Technology Group Holding Ltd in the III Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the third quarter 2023 to 63, from total ranking in the second quarter 2023 at 343 .

Explain Tangible Leverage Ratio?
What is CRDO Market Share?
What are CRDO´s Total Liabilities?


CRDO Tangible Leverage Ratio (Jan 27 2024)
III. Quarter
(Oct 28 2023)
II. Quarter
(Jul 29 2023)
I. Quarter
(Apr 29 2023)
IV. Quarter
(Jan 28 2023)
III. Quarter
Y / Y Tangible Equity Change 50.6 % 1.58 % 1.62 % 4.03 % 15.98 %
Y / Y Total Liabilities Change -6.7 % -19.55 % -24.28 % 19.57 % 119.71 %
Tangible Leverage Ratio MRQ 0.11 0.16 0.14 0.14 0.18
CRDO's Total Ranking # 63 # 343 # 317 # 352 # 188
Seq. Tangible Equity Change 52.76 % 0.61 % -0.06 % -1.95 % 3.04 %
Seq. Total Liabilities Change 3.99 % 16.56 % -2.8 % -20.8 % -10.34 %



Tangible Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Semiconductors Industry # 3
Technology Sector # 12
Overall Market # 63


Tangible Leverage Ratio Statistics
High Average Low
0.2 0.15 0.09
(Oct 29 2022)   (Jan 31 2022)




Financial Statements
Credo Technology Group Holding Ltd's Tangible Equity $ 534 Millions Visit CRDO's Balance sheet
Credo Technology Group Holding Ltd's Total Liabilities $ 58 Millions Visit CRDO's Balance sheet
Source of CRDO's Sales Visit CRDO's Sales by Geography


Cumulative Credo Technology Group Holding Ltd's Tangible Leverage Ratio

CRDO's Tangible Leverage Ratio for the trailling 12 Months

CRDO Tangible Leverage Ratio

(Jan 27 2024)
III. Quarter
(Oct 28 2023)
II. Quarter
(Jul 29 2023)
I. Quarter
(Apr 29 2023)
IV. Quarter
(Jan 28 2023)
III. Quarter
Y / Y Tangible Equity TTM Growth 50.6 % 1.58 % 1.62 % 4.03 % 15.98 %
Y / Y Total Liabilities TTM Growth -6.7 % -19.55 % -24.28 % 19.57 % 119.71 %
Tangible Leverage Ratio TTM 0.13 0.16 0.17 0.18 0.17
Total Ranking TTM # # # # #
Seq. Tangible Equity TTM Growth 52.76 % 0.61 % -0.06 % -1.95 % 3.04 %
Seq. Total Liabilities TTM Growth 3.99 % 16.56 % -2.8 % -20.8 % -10.34 %


On the trailing twelve months basis Despite of the net new borrowings of 3.99% during the twelve months period ending in III Quarter 2023 Credo Technology Group Holding Ltd has managed to decrease Tangible Leverage Ratio in the III Quarter 2023 to 0.13, below Credo Technology Group Holding Ltd's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Semiconductors industry 2, during the past 12 months, other companies have achieved lower Tangible Leverage Ratio than Credo Technology Group Holding Ltd. While Tangible Leverage Ratio total ranking has improved so far to 5, from total ranking in previous 12 month period at 276.

Explain Tangible Leverage Ratio?
What is CRDO Market Share?
What are CRDO´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Semiconductors Industry # 3
Technology Sector # 12
Within the Market # 63


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
0.2 0.15 0.09
(Oct 29 2022)   (Jan 31 2022)




Companies with similar Tangible Leverage Ratio in the quarter ending Jan 27 2024, within Semiconductors Industry Tangible Leverage RatioJan 27 2024 MRQ Total LiabilitiesJan 27 2024 MRQ Tangible Equity
Silicon Laboratories Inc   0.30 $ 232.257  Millions$ 772.760  Millions
Sitime Corporation  0.29 $ 130.927  Millions$ 443.875  Millions
Ideal Power Inc   0.29 $ 2.188  Millions$ 7.480  Millions
Formfactor inc   0.28 $ 197.990  Millions$ 694.776  Millions
Magnachip Semiconductor Corporation  0.22 $ 75.893  Millions$ 343.061  Millions
Tower Semiconductor Ltd   0.20 $ 486.018  Millions$ 2,414.924  Millions
Cirrus Logic Inc   0.17 $ 230.841  Millions$ 1,333.147  Millions
Nlight Inc   0.17 $ 41.406  Millions$ 240.368  Millions
Ipg Photonics Corp  0.12 $ 283.513  Millions$ 2,350.611  Millions
Credo Technology Group Holding Ltd  0.11 $ 58.499  Millions$ 533.967  Millions
Power Integrations Inc   0.10 $ 67.627  Millions$ 655.968  Millions
Metalink Ltd   0.09 $ 0.166  Millions$ 1.803  Millions
Ebang International Holdings Inc   0.07 $ 18.396  Millions$ 278.993  Millions

Date modified: 2024-02-29T15:53:37+00:00



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