Cerence Inc

NASDAQ CRNC

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Cerence Inc Debt to Asset Ratio 3 year CAGR for the year ending September 30, 2023: 9.49%

Cerence Inc Debt to Asset Ratio 3 year CAGR is 9.49% for the year ending September 30, 2023. The debt to asset ratio measures the proportion of a company's total assets that are financed by debt. It is calculated by dividing total debt by total assets. This ratio indicates the extent to which a company relies on debt financing to support its asset base. A higher ratio suggests a higher level of leverage and potential financial risk. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Cerence Inc Debt to Asset Ratio for the year ending September 30, 2022 was 0.21, a 29.15% change year over year.
Cerence Inc Debt to Asset Ratio for the year ending September 30, 2021 was 0.16, a -2.11% change year over year.
Cerence Inc Debt to Asset Ratio for the year ending September 30, 2020 was 0.17.

NASDAQ: CRNC

Cerence Inc

CEO	Dr. Stefan Ortmanns
IPO Date	Oct. 2, 2019
Location	United States
Headquarters	15 Wayside Road, Burlington, MA, United States, 01803
Employees	1,700
Sector	Technology
Industry	Software - application

Description

Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant coexistence, and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.

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