Optex Systems Holdings (Optex Systems Holdings) Cash-to-Debt : 0.10 (As of Mar. 2024)

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What is Optex Systems Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Optex Systems Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.10.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Optex Systems Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Optex Systems Holdings's Cash-to-Debt or its related term are showing as below:

OPXS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 1.82 Max: No Debt
Current: 0.1

During the past 13 years, Optex Systems Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 1.82.

OPXS's Cash-to-Debt is ranked worse than
83.33% of 294 companies
in the Aerospace & Defense industry
Industry Median: 0.705 vs OPXS: 0.10

Optex Systems Holdings Cash-to-Debt Historical Data

The historical data trend for Optex Systems Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Optex Systems Holdings Cash-to-Debt Chart

Optex Systems Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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4.27

2.57

1.07

0.28

0.31

Optex Systems Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.07	0.31	0.85	0.10

Competitive Comparison of Optex Systems Holdings's Cash-to-Debt

For the Aerospace & Defense subindustry, Optex Systems Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Optex Systems Holdings's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Optex Systems Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Optex Systems Holdings's Cash-to-Debt falls into.

Optex Systems Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Optex Systems Holdings's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1.204	/	(0.62	+	3.282)
	=	0.31

Optex Systems Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.321	/	(0.63	+	2.527)
	=	0.10

Optex Systems Holdings (NAS:OPXS) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Optex Systems Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Optex Systems Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Optex Systems Holdings (Optex Systems Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Optex Systems Holdings Inc (NAS:OPXS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

X62:Germany

Address

1420 Presidential Drive, Richardson, TX, USA, 75081-2439

Website

https://www.optexsys.com/optex-homepage

Optex Systems Holdings Inc manufactures optical sighting systems and assemblies for the U.S. Department of Defense, foreign military applications, and commercial markets. Its products are installed on a variety of United States military land vehicles, such as the Abrams and Bradley fighting vehicles, and light armored and security vehicles, and have been selected for installation on the Stryker family of vehicles. The company's operating segment includes Optex Richardson and Applied Optics Center Dallas. It generates maximum revenue from the Applied Optics Center Dallas segment. Some of its products include M17 Day/Thermal Periscope; DDAN / M36 Sights; Laser Protected Periscopes; Muzzle Reference Sensor and others.

Executives

Topline Capital Partners, Lp	10 percent owner	544 EUCLID STREET, SANTA MONICA CA 90402
Topline Capital Management, Llc	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402
Mcbirney Collin	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402
Judd Dayton	10 percent owner	878 S. DENTON TAP RD., SUITE 220, COPPELL TX 75019
Dale E Lehmann	director	3342 REILY MILLVILLE RD, HAMILTON OH 45013
R. Rimmy Malhotra	director	C/O COMMAND CENTER, INC., 3609 S WADSWORTH BLVD., SUITE 250, LAKEWOOD CO 80235
Lawrence F Hagenbuch	director	600 CORPORATION DRIVE, PENDLETON IN 46064
Karen Lea Hawkins	officer: VP Finance and Controller	1420 PRESIDENTIAL DRIVE, RICHARDSON TX 75081
Ephraim G Fields	10 percent owner	265 EAST 66TH STREET, #41A, NEW YORK NY 10065
Danny Robert Schoening	10 percent owner, officer: COO	1420 PRESIDENTIAL DRIVE, RICHARDSON TX 75081
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Merrick D Okamoto	director	1180 NORTH TOWN CENTER DRIVE, SUITE 100,, LAS VEGAS NV 89144
Stanley A Hirschman	director, 10 percent owner, officer: Pres., Secretary and Treasurer
Ronald F Richards	director