CUB

Cubic Corporation (NYSE:CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division’s Simplified, Planning, Execution, Analysis, Reconstruction (SPEAR) software suite was successfully operational at the Checkered Flag 21-1 exercise. Revolutionizing the world’s most complex and advanced Air-to-Air exercise, SPEAR is Cubic’s follow-on solution to its Individual Combat Aircrew Display System (ICADS), that has been the combat air forces’ live monitor and debrief system for two decades.

Over the past three months, shares of Cubic (NYSE: CUB) rose by 28.03%. Before we understand the importance of debt, let us look at how much debt Cubic has.Cubic's Debt According to the Cubic's most recent balance sheet as reported on November 18, 2020, total debt is at $820.82 million, with $593.86 million in long-term debt and $226.97 million in current debt. Adjusting for $129.68 million in cash-equivalents, the company has a net debt of $691.14 million.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Cubic's $2.32 billion in total assets, the debt-ratio is at 0.35. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 35% might be higher for one industry and average for another.Why Investors Look At Debt? Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital.However, due to interest-payment obligations, cash-flow of a company can be impacted. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * Cubic: Q4 Earnings Insights * Earnings Scheduled For November 18, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

RBC Capital maintains Cubic (NYSE:CUB) with a Sector Perform and raises the price target from $52 to $62.

Shares of Cubic (NYSE:CUB) moved higher by 1.23% after the company reported Q4 results.Quarterly Results Earnings per share increased 51.61% over the past year to $2.82, which beat the estimate of $2.04.Revenue of $475,400,000 rose by 0.89% from the same period last year, which missed the estimate of $479,620,000.Looking Ahead Cubic hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Nov 18, 2020View more earnings on CUBTime: 05:00 PMET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2633778&sessionid=1&key=28CFCBC10748C62E42F1CA5841A1FF2A&regTag=&sourcepage=registerRecent Stock Performance Company's 52-week high was at $74.11Company's 52-week low was at $30.86Price action over last quarter: Up 42.79%Company Profile Cubic Corp is an international provider of systems and solutions for the mass transit and global defense markets. It uses three segments for financial reporting: transportation systems, cubic mission solutions, and global defense systems. The company integrates payment and information solutions for travel applications. It allows people to choose a cost- and time-effective way to travel and helps transportation authorities manage demand across entire networks. The global defense segments provide training and operational support for multiple branches of the U.S. military. Approximately half of the total revenue is derived from the United States, with the United Kingdom and Australia also producing material sales.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For November 18, 2020 * Cubic's Earnings Outlook(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Cubic (NYSE:CUB) reported quarterly earnings of $1.82 per share which missed the analyst consensus estimate of $2.04 by 10.78 percent. This is a 2.15 percent decrease over earnings of $1.86 per share from the same period

Cubic (CUB): FQ4 Non-GAAP EPS of $2.82 beats by $0.78; GAAP EPS of $1.82 beats by $0.38.Revenue of $475.4M (+0.9% Y/Y) misses by $2.19M.Sees FY2021 sales of $1,550M-$1,600M, with adjusted

Cubic Corporation (NYSE: CUB) ("Cubic" or the "Company") today announced its financial results for the fourth quarter and fiscal year ended September 30, 2020.