Balance Sheet Credo Technology Group Holding Ltd

Equities

CRDO

KYG254571055

Semiconductors

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24.46 ^USD	+0.33%		-22.45%	+25.99%

09-05	Top Premarket Decliners	MT
09-04	Credo Technology Group Holding Ltd Provides Earnings Guidance for the Second Quarter of 2025	CI

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Published financial data: CREDO TECHNOLOGY GROUP HOLDING LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2020	2021	2022	2023	2024
Revenues	53.84M	58.7M	106M	184M	193M
Total Revenues	53.84M	58.7M	106M	184M	193M
Cost of Goods Sold, Total	7.73M	20.42M	40.71M	78M	73.54M
Gross Profit	46.11M	38.28M	65.77M	106M	119M
Selling General & Admin Expenses, Total	16.47M	28.67M	34.9M	48.25M	60.19M
R&D Expenses	27.56M	34.84M	47.95M	76.77M	95.53M
Other Operating Expenses, Total	44.04M	63.51M	82.85M	125M	156M
Operating Income	2.07M	-25.23M	-17.08M	-18.83M	-36.29M
Other Non Operating Income (Expenses)	24K	-62K	-245K	3.32M	14.31M
EBT, Excl. Unusual Items	2.1M	-25.3M	-17.33M	-15.51M	-21.98M
Asset Writedown	-	-	-4.89M	-2.41M	-765K
EBT, Incl. Unusual Items	2.1M	-25.3M	-22.21M	-17.91M	-22.74M
Income Tax Expense	766K	2.22M	-37K	-1.37M	5.62M
Earnings From Continuing Operations	1.33M	-27.51M	-22.18M	-16.55M	-28.37M
Net Income to Company	1.33M	-27.51M	-22.18M	-16.55M	-28.37M
Net Income - (IS)	1.33M	-27.51M	-22.18M	-16.55M	-28.37M
Preferred Dividend and Other Adjustments	1.33M	-	-	-	-
Net Income to Common Incl Extra Items	0	-27.51M	-22.18M	-16.55M	-28.37M
Net Income to Common Excl. Extra Items	0	-27.51M	-22.18M	-16.55M	-28.37M
Per Share Items
Net EPS - Basic	-	-0.4	-0.25	-0.11	-0.18
Basic EPS - Continuing Operations	-	-0.4	-0.25	-0.11	-0.18
Basic Weighted Average Shares Outstanding	71.73M	69.1M	88.4M	147M	155M
Net EPS - Diluted	-	-0.4	-0.25	-0.11	-0.18
Diluted EPS - Continuing Operations	-	-0.4	-0.25	-0.11	-0.18
Diluted Weighted Average Shares Outstanding	71.73M	69.1M	88.4M	147M	155M
Normalized Basic EPS	0.02	-0.23	-0.12	-0.07	-0.09
Normalized Diluted EPS	0.02	-0.23	-0.12	-0.07	-0.09
Supplemental Items
EBITDA	3.88M	-23.02M	-12.29M	-9.31M	-22.52M
EBITA	2.07M	-25.23M	-17.08M	-18.83M	-36.29M
EBIT	2.07M	-25.23M	-17.08M	-18.83M	-36.29M
EBITDAR	-	-	-9.27M	-5.67M	-18.67M
Total Revenues (As Reported)	53.84M	58.7M	106M	184M	193M
Effective Tax Rate - (Ratio)	36.56	-8.76	0.17	7.63	-24.73
Current Domestic Taxes	103K	302K	199K	-22K	-
Current Foreign Taxes	947K	544K	1.29M	762K	1.49M
Total Current Taxes	1.05M	846K	1.49M	740K	1.49M
Deferred Domestic Taxes	-376K	1.22M	-1.3M	-2.22M	-
Deferred Foreign Taxes	92K	144K	-223K	116K	4.14M
Total Deferred Taxes	-284K	1.37M	-1.53M	-2.11M	4.14M
Normalized Net Income	1.31M	-15.81M	-10.83M	-9.69M	-13.74M
Supplemental Operating Expense Items
Selling and Marketing Expenses	9.63M	17.52M	-	-	-
General and Administrative Expenses	6.84M	11.15M	-	-	-
Research And Development Expense From Footnotes	27.56M	34.84M	47.95M	76.77M	95.53M
Net Rental Expense, Total	-	-	3.02M	3.64M	3.86M
Stock-Based Comp., COGS (Total)	33K	183K	220K	634K	1.13M
Stock-Based Comp., R&D Exp. (Total)	584K	7.74M	5.02M	13.33M	21.36M
Stock-Based Comp., S&M Exp. (Total)	480K	1.97M	-	-	-
Stock-Based Comp., G&A Exp. (Total)	150K	4.02M	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	3.95M	9.56M	16.53M
Total Stock-Based Compensation	1.25M	13.91M	9.19M	23.52M	39.02M

Fiscal Period: April	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	73.91M	104M	259M	109M	66.94M
Short Term Investments	-	-	-	109M	343M
Total Cash And Short Term Investments	73.91M	104M	259M	218M	410M
Accounts Receivable, Total	18.04M	18.21M	39.6M	58.99M	81.22M
Total Receivables	18.04M	18.21M	39.6M	58.99M	81.22M
Inventory	2.28M	7.1M	27.34M	46.02M	25.91M
Prepaid Expenses	1.26M	1.31M	4.48M	5.41M	12.73M
Other Current Assets, Total	365K	7.42M	1.45M	-	400K
Total Current Assets	95.84M	138M	332M	328M	530M
Gross Property Plant And Equipment	14.34M	20.38M	48.63M	73.1M	85.47M
Accumulated Depreciation	-3.66M	-6.14M	-9.84M	-18.02M	-28.73M
Net Property Plant And Equipment	10.69M	14.23M	38.8M	55.08M	56.74M
Accounts Receivable Long-Term	-	1.82M	983K	-	-
Deferred Tax Assets Long-Term	976K	34K	-	-	-
Other Long-Term Assets, Total	533K	1.61M	3.73M	13.98M	14.92M
Total Assets	108M	155M	376M	397M	602M
Liabilities
Accounts Payable, Total	2.45M	3.59M	8.49M	6.07M	13.42M
Accrued Expenses, Total	1.92M	4.2M	13.08M	13.07M	18.61M
Current Portion of Leases	-	-	2.38M	2.63M	2.74M
Current Income Taxes Payable	752K	625K	1.31M	960K	-
Unearned Revenue Current, Total	4.55M	4.12M	1.23M	4.04M	3.9M
Other Current Liabilities	8.9M	-	-	4.27M	5.95M
Total Current Liabilities	18.58M	12.53M	26.5M	31.03M	44.62M
Long-Term Leases	-	-	14.81M	12.87M	11.13M
Unearned Revenue Non Current	-	-	-	380K	128K
Deferred Tax Liability Non Current	-	424K	-	-	-
Other Non Current Liabilities	98.87M	198M	220K	5.37M	5.85M
Total Liabilities	117M	211M	41.53M	49.65M	61.73M
Common Stock, Total	4K	3K	7K	7K	8K
Additional Paid In Capital	9.51M	12.59M	425M	455M	676M
Retained Earnings	-18.77M	-68.25M	-90.43M	-107M	-135M
Comprehensive Income and Other	-151K	227K	23K	-191K	-519K
Total Common Equity	-9.41M	-55.43M	334M	348M	540M
Total Equity	-9.41M	-55.43M	334M	348M	540M
Total Liabilities And Equity	108M	155M	376M	397M	602M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	71.73M	69.5M	145M	149M	165M
ECS Total Common Shares Outstanding	71.73M	68.28M	145M	149M	164M
Book Value / Share	-0.13	-0.81	2.31	2.34	3.29
Tangible Book Value	-9.41M	-55.43M	334M	348M	540M
Tangible Book Value Per Share	-0.13	-0.81	2.31	2.34	3.29
Total Debt	0	0	17.19M	15.5M	13.87M
Net Debt	-73.91M	-104M	-242M	-202M	-396M
Debt Equivalent Oper. Leases	-	-	24.14M	29.12M	30.84M
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Raw Materials, Total	748K	2.18M	11.61M	17.46M	9.42M
Inventories - Work In Process, Total	312K	1.84M	10.35M	7.2M	7.47M
Inventories - Finished Goods, Total	1.22M	3.08M	5.38M	21.37M	9.02M
Machinery, Total	10.14M	14.33M	26.76M	49.3M	65.72M
Full Time Employees	-	-	382	438	500

Fiscal Period: April	2020	2021	2022	2023	2024
Net Income	1.33M	-27.51M	-22.18M	-16.55M	-28.37M
Depreciation & Amortization - CF	1.81M	2.22M	4.79M	9.51M	13.77M
Depreciation & Amortization, Total	1.81M	2.22M	4.79M	9.51M	13.77M
Asset Writedown & Restructuring Costs	-	-	4.89M	2.41M	765K
Stock-Based Compensation (CF)	1.25M	2.57M	9.19M	23.52M	39.02M
Other Operating Activities, Total	-	-	2.08M	6.91M	8.28M
Change In Accounts Receivable	-10.55M	682K	-15.88M	-18.41M	-22.24M
Change In Inventories	1.46M	-4.83M	-21.68M	-24.38M	15.76M
Change In Accounts Payable	1.01M	1.34M	4.75M	-3.84M	8.81M
Change in Unearned Revenues	-16.12M	-1.28M	-7.56M	3.19M	-391K
Change In Deferred Taxes	-76K	1.37M	-	-	-
Change in Other Net Operating Assets	9.64M	-16.92M	10.76M	-6.97M	-2.67M
Cash from Operations	-10.25M	-42.36M	-30.83M	-24.62M	32.74M
Capital Expenditure	-8.83M	-6.06M	-17.58M	-21.71M	-15.65M
Investment in Marketable and Equity Securities, Total	-	-	-	-109M	-234M
Cash from Investing	-8.83M	-6.06M	-17.58M	-131M	-249M
Issuance of Common Stock	721K	1.45M	197M	5.5M	180M
Repurchase of Common Stock	-	-22.91M	-	-	-
Issuance of Preferred Stock	60.48M	99.35M	7.24M	-	-
Other Financing Activities, Total	-	-	-	-616K	-5.21M
Cash from Financing	61.21M	77.89M	204M	4.88M	175M
Foreign Exchange Rate Adjustments	30K	378K	-204K	-68K	-169K
Net Change in Cash	42.15M	29.85M	156M	-151M	-41.64M
Supplemental Items
Cash Income Tax Paid (Refund)	595K	1.22M	427K	1.2M	1.05M
Levered Free Cash Flow	-	-23.85M	-41.5M	-33.73M	18.09M
Unlevered Free Cash Flow	-	-23.85M	-41.5M	-33.73M	18.09M
Change In Net Working Capital	-	18.15M	27.23M	33.28M	-3.64M

Fiscal Period: April	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	-11.97	-4.02	-3.04	-4.54
Return on Total Capital	-	48.65	-4.32	-3.29	-4.95
Return On Equity %	-	84.86	-9.3	-4.85	-6.39
Return on Common Equity	-	84.86	-15.91	-4.85	-6.39
Margin Analysis
Gross Profit Margin %	85.64	65.21	61.77	57.65	61.89
SG&A Margin	30.6	48.84	32.78	26.19	31.19
EBITDA Margin %	7.21	-39.21	-11.54	-5.06	-11.67
EBITA Margin %	3.85	-42.99	-16.04	-10.22	-18.81
EBIT Margin %	3.85	-42.99	-16.04	-10.22	-18.81
Income From Continuing Operations Margin %	2.47	-46.87	-20.83	-8.98	-14.7
Net Income Margin %	2.47	-46.87	-20.83	-8.98	-14.7
Net Avail. For Common Margin %	0	-46.87	-20.83	-8.98	-14.7
Normalized Net Income Margin	2.43	-26.93	-10.17	-5.26	-7.12
Levered Free Cash Flow Margin	-	-40.64	-38.98	-18.31	9.38
Unlevered Free Cash Flow Margin	-	-40.64	-38.98	-18.31	9.38
Asset Turnover
Asset Turnover	-	0.45	0.4	0.48	0.39
Fixed Assets Turnover	-	4.71	4.02	3.92	3.45
Receivables Turnover (Average Receivables)	-	3.24	3.68	3.74	2.75
Inventory Turnover (Average Inventory)	-	4.35	2.36	2.13	2.04
Short Term Liquidity
Current Ratio	5.16	11	12.54	10.58	11.88
Quick Ratio	4.95	9.73	11.28	8.92	11.01
Operating Cash Flow to Current Liabilities	-0.55	-3.38	-1.16	-0.79	0.73
Days Sales Outstanding (Average Receivables)	-	112.7	99.07	97.41	132.24
Days Outstanding Inventory (Average Inventory)	-	83.84	154.4	171.17	178.02
Average Days Payable Outstanding	-	43.67	36.17	27.4	66.38
Cash Conversion Cycle (Average Days)	-	152.86	217.31	241.18	243.88
Long Term Solvency
Total Debt/Equity	-	-	5.14	4.46	2.57
Total Debt / Total Capital	-	-	4.89	4.27	2.5
LT Debt/Equity	-	-	4.43	3.7	2.06
Long-Term Debt / Total Capital	-	-	4.21	3.54	2.01
Total Liabilities / Total Assets	108.71	135.65	11.05	12.5	10.26
Total Debt / EBITDA	-	-	-1.85	-2.73	-0.74
Net Debt / EBITDA	-19.03	4.51	26.12	35.66	21.22
Total Debt / (EBITDA - Capex)	-	-	-0.64	-0.57	-0.4
Net Debt / (EBITDA - Capex)	14.94	3.57	9.02	7.39	11.54
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	9.03	81.4	72.99	4.76
Gross Profit, 1 Yr. Growth %	-	-16.98	71.82	61.47	12.46
EBITDA, 1 Yr. Growth %	-	-692.58	-46.61	-24.2	141.81
EBITA, 1 Yr. Growth %	-	-1.32K	-32.31	10.23	92.76
EBIT, 1 Yr. Growth %	-	-1.32K	-32.31	10.23	92.76
Earnings From Cont. Operations, 1 Yr. Growth %	-	-2.17K	-19.39	-25.38	71.44
Net Income, 1 Yr. Growth %	-	-2.17K	-19.39	-25.38	71.44
Normalized Net Income, 1 Yr. Growth %	-	-1.31K	-31.51	-10.5	41.74
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-37.28	-54.99	62.01
Accounts Receivable, 1 Yr. Growth %	-	0.93	117.47	48.97	37.7
Inventory, 1 Yr. Growth %	-	212.13	284.81	68.35	-43.71
Net Property, Plant and Equip., 1 Yr. Growth %	-	33.16	172.63	41.97	3.01
Total Assets, 1 Yr. Growth %	-	43.92	141.62	5.75	51.51
Tangible Book Value, 1 Yr. Growth %	-	489.19	-702.84	4.03	55.39
Common Equity, 1 Yr. Growth %	-	489.19	-702.84	4.03	55.39
Cash From Operations, 1 Yr. Growth %	-	313.16	-27.22	-20.16	-233
Capital Expenditures, 1 Yr. Growth %	-	-31.43	190.29	23.51	-27.91
Levered Free Cash Flow, 1 Yr. Growth %	-	-	73.99	-18.72	-153.64
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	73.99	-18.72	-153.64
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	40.64	77.15	34.62
Gross Profit, 2 Yr. CAGR %	-	-	19.43	66.56	36.59
EBITDA, 2 Yr. CAGR %	-	-	77.87	-36.39	26.65
EBITA, 2 Yr. CAGR %	-	-	187.19	-13.62	38.82
EBIT, 2 Yr. CAGR %	-	-	187.19	-13.62	38.82
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	308.49	-22.45	13.1
Net Income, 2 Yr. CAGR %	-	-	308.49	-22.45	13.1
Normalized Net Income, 2 Yr. CAGR %	-	-	187.58	-21.7	7.33
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-46.75	-14.61
Accounts Receivable, 2 Yr. CAGR %	-	-	48.15	79.99	43.23
Inventory, 2 Yr. CAGR %	-	-	246.57	154.53	-2.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	90.54	96.74	20.93
Total Assets, 2 Yr. CAGR %	-	-	86.48	59.85	26.58
Tangible Book Value, 2 Yr. CAGR %	-	-	495.98	150.43	27.14
Common Equity, 2 Yr. CAGR %	-	-	495.98	150.43	27.14
Cash From Operations, 2 Yr. CAGR %	-	-	73.41	-23.77	3.04
Capital Expenditures, 2 Yr. CAGR %	-	-	41.08	89.35	-5.64
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	18.92	-34.83
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	18.92	-34.83
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	50.69	48.69
Gross Profit, 3 Yr. CAGR %	-	-	-	32.06	46.12
EBITDA, 3 Yr. CAGR %	-	-	-	33.85	-0.72
EBITA, 3 Yr. CAGR %	-	-	-	108.71	12.88
EBIT, 3 Yr. CAGR %	-	-	-	108.71	12.88
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	131.77	1.03
Net Income, 3 Yr. CAGR %	-	-	-	131.77	1.03
Normalized Net Income, 3 Yr. CAGR %	-	-	-	94.89	-4.58
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-	-22.84
Accounts Receivable, 3 Yr. CAGR %	-	-	-	48.43	64.62
Inventory, 3 Yr. CAGR %	-	-	-	172.44	53.92
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	72.74	58.57
Total Assets, 3 Yr. CAGR %	-	-	-	54.35	57.02
Tangible Book Value, 3 Yr. CAGR %	-	-	-	233.08	113.6
Common Equity, 3 Yr. CAGR %	-	-	-	233.08	113.6
Cash From Operations, 3 Yr. CAGR %	-	-	-	33.9	-8.23
Capital Expenditures, 3 Yr. CAGR %	-	-	-	34.96	37.23
Levered Free Cash Flow, 3 Yr. CAGR %