The company maintains a robust capital structure with a 10.15 current ratio and negligible financial leverage, evidenced by a debt-to-equity ratio of only 0.01 as of 2026Q4.
| Total Current Assets | 2B | 713.53M | 530.26M | 328.23M | 332.18M | 137.8M | 95.84M |
| Cash & Short-Term Investments | 1.44B | 431.34M | 410M | 217.81M | 259.32M | 103.76M | 73.91M |
| Cash Only | 1.16B | 236.33M | 66.94M | 108.58M | 259.32M | 103.76M | 73.91M |
| Short-Term Investments | 278.33M | 195.01M | 343.06M | 109.23M | 0 | 0 | 0 |
| Accounts Receivable | 233.38M | 162.14M | 81.22M | 58.99M | 39.59M | 18.21M | 18.04M |
| Days Sales Outstanding | 63.8 | 135.5 | 153.63 | 116.89 | 135.73 | 113.22 | 122.3 |
| Inventory | 250.83M | 90.03M | 25.91M | 46.02M | 27.34M | 7.1M | 2.28M |
| Days Inventory Outstanding | 214.53 | 213.57 | 128.59 | 215.36 | 234.99 | 126.99 | 107.48 |
| Other Current Assets | 73.58M | 27.82M | 13.13M | 5.41M | 1.26M | 1.14M | 248K |
| Total Non-Current Assets | 294.55M | 95.72M | 71.67M | 69.06M | 43.51M | 17.69M | 12.2M |
| Property, Plant & Equipment | 126.25M | 78.86M | 56.74M | 55.08M | 38.8M | 14.23M | 10.69M |
| Fixed Asset Turnover | 10.58x | 5.54x | 3.40x | 3.34x | 2.74x | 4.12x | 5.04x |
| Goodwill | 92.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 29.26M | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 46.24M | 16.86M | 14.93M | 13.97M | 4.71M | 3.43M | 533K |
| Total Assets | 2.3B | 809.26M | 601.93M | 397.29M | 375.69M | 155.49M | 108.04M |
| Asset Turnover | 0.58x | 0.54x | 0.32x | 0.46x | 0.28x | 0.38x | 0.50x |
| Asset Growth % | 183.67% | 34.44% | 51.51% | 5.75% | 141.62% | 43.92% | - |
| Total Current Liabilities | 197.09M | 107.71M | 44.62M | 31.03M | 26.5M | 12.53M | 18.57M |
| Accounts Payable | 107.34M | 56.16M | 13.42M | 6.07M | 8.49M | 3.59M | 2.45M |
| Days Payables Outstanding | 91.81 | 133.22 | 66.59 | 28.39 | 72.95 | 64.17 | 115.8 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 3.9M | 4.04M | 1.23M | 4.12M | 4.55M |
| Other Current Liabilities | 68.12M | 17.43M | 9M | 6.47M | 4.71M | 1.55M | 9.43M |
| Current Ratio | 10.15x | 6.62x | 11.88x | 10.58x | 12.54x | 11.00x | 5.16x |
| Quick Ratio | 8.88x | 5.79x | 11.30x | 9.09x | 11.50x | 10.43x | 5.04x |
| Cash Conversion Cycle | 186.52 | 215.85 | 215.63 | 303.86 | 297.76 | 176.03 | 113.99 |
| Total Non-Current Liabilities | 34.92M | 19.96M | 17.11M | 18.62M | 15.03M | 198.39M | 98.87M |
| Long-Term Debt | 20.62M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 12.69M | 11.13M | 12.87M | 14.81M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 424K | 0 |
| Other Non-Current Liabilities | 14.3M | 7.27M | 5.85M | 5.37M | 220K | 197.97M | 98.87M |
| Total Liabilities | 232.01M | 127.67M | 61.73M | 49.65M | 41.53M | 210.92M | 117.45M |
| Total Debt | 20.62M | 16.04M | 13.87M | 15.5M | 17.19M | 0 | 0 |
| Net Debt | -1.14B | -220.29M | -53.07M | -93.08M | -242.13M | -103.76M | -73.91M |
| Debt / Equity | 0.01x | 0.02x | 0.03x | 0.04x | 0.05x | - | - |
| Debt / EBITDA | 0.04x | 0.27x | - | - | - | - | - |
| Net Debt / EBITDA | -2.38x | -3.68x | - | - | - | - | -19.03x |
| Interest Coverage | - | - | - | - | - | - | - |
| Total Equity | 2.06B | 681.58M | 540.2M | 347.63M | 334.16M | -55.43M | -9.41M |
| Equity Growth % | 202.77% | 26.17% | 55.39% | 4.03% | 702.85% | -489.19% | - |
| Book Value per Share | 10.96 | 3.76 | 3.48 | 2.37 | 2.30 | -0.40 | -0.13 |
| Total Shareholders' Equity | 2.06B | 681.58M | 540.2M | 347.63M | 334.16M | -55.43M | -9.41M |
| Common Stock | 9K | 8K | 8K | 7K | 7K | 3K | 4K |
| Retained Earnings | 389.12M | -83.16M | -135.34M | -106.98M | -90.43M | -68.25M | -18.77M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.43M | -437K | -519K | -191K | 23K | 227K | -151K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hyperscale customer concentration
According to recent financial filings, Credo's total assets surged from $592.5 million in 2024Q3 to $2.3 billion by 2026Q4, reflecting a rapid accumulation of liquidity and operational resources that signals a successful scaling of the company's high-speed connectivity business within the competitive semiconductor landscape.
The dramatic expansion of the asset base appears primarily driven by the accumulation of cash and cash equivalents, which suggests the company is effectively capturing the economic benefits of its recent growth phase. This trajectory indicates a strengthening balance sheet that provides significant flexibility for future R&D investments or strategic capital allocation.
As reported in quarterly statements, Credo maintains a current ratio of 10.15 as of 2026Q4, with cash reserves reaching $1.2 billion, providing a substantial buffer against potential volatility in hyperscale capital expenditure cycles or unforeseen disruptions in the global semiconductor supply chain.
The exceptionally high current ratio suggests that the company is currently over-capitalized relative to its immediate operational needs, which may indicate a conservative approach to liquidity management. Investors should monitor whether management intends to deploy this idle capital into strategic acquisitions or if it will remain as a defensive war chest.
Based on the provided balance sheet data, Credo maintains a debt-to-equity ratio of only 0.01 as of 2026Q4, with total debt of just $20.6 million, underscoring a capital structure that is almost entirely devoid of interest-bearing obligations and financial leverage risks.
The minimal reliance on debt financing suggests that the company's rapid growth is being funded through internal cash generation and equity, which insulates the business from interest rate sensitivity. This debt-free profile provides a significant competitive advantage, allowing the company to navigate cyclical downturns without the burden of mandatory debt service.
As indicated in recent financial reports, Credo's retained earnings shifted from a deficit of $124.9 million in 2024Q3 to a positive balance of $389.1 million by 2026Q4, marking a critical milestone in the company's transition toward sustained, self-funded profitability and long-term shareholder value creation.
The reversal of the retained earnings deficit confirms that the company has successfully moved past its initial investment phase and is now generating consistent accounting profits. This shift in equity quality suggests that the business model has reached a level of maturity where it can support its own growth requirements.
Quick answers to the most common questions about buying CRDO stock.
As of 2026, Credo Technology Group Holding Ltd (CRDO) had total assets of $2.30B including $2.00B in current assets.
Credo Technology Group Holding Ltd (CRDO) carries total debt of $20.6M, offset by $1.44B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Credo Technology Group Holding Ltd (CRDO) has total shareholders' equity (book value) of $2.06B ($10.96 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Credo Technology Group Holding Ltd (CRDO) reported a current ratio of 10.15x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.