Apogee Optocom Co (TPE:6426) Cash-to-Debt : 10.64 (As of Dec. 2023)

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What is Apogee Optocom Co 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. Apogee Optocom Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.64.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Apogee Optocom Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Apogee Optocom Co's Cash-to-Debt or its related term are showing as below:

TPE:6426' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.37 Med: 5.65 Max: 21.89
Current: 10.64

During the past 13 years, Apogee Optocom Co's highest Cash to Debt Ratio was 21.89. The lowest was 2.37. And the median was 5.65.

TPE:6426's Cash-to-Debt is ranked better than
78.67% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs TPE:6426: 10.64

Apogee Optocom Co Cash-to-Debt Historical Data

The historical data trend for Apogee Optocom Co'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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Apogee Optocom Co Cash-to-Debt Chart

Apogee Optocom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

4.58

21.89

19.06

11.07

10.64

Apogee Optocom Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															11.07	11.22	9.95	10.22	10.64

Competitive Comparison of Apogee Optocom Co's Cash-to-Debt

For the Communication Equipment subindustry, Apogee Optocom Co'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.

Apogee Optocom Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apogee Optocom Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Apogee Optocom Co's Cash-to-Debt falls into.

Apogee Optocom Co 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.

Apogee Optocom Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	512.34	/	(20.259	+	27.889)
	=	10.64

Apogee Optocom Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	512.34	/	(20.259	+	27.889)
	=	10.64

Apogee Optocom Co (TPE:6426) 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.

Apogee Optocom Co Cash-to-Debt Related Terms

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Apogee Optocom Co (TPE:6426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apogee Optocom Co Ltd (TPE:6426) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th floor, No. 2, Nanke 3rd Road, Xinshi District, Tainan, TWN

Website

http://www.nexttech.com.tw

Apogee Optocom Co Ltd is a communication component manufacturer based in Taiwan. The products offered by the company include Optical filters (Active), Optical filters (Passive), Data Centers, OEM & ODM Coating Services, and Measurement Equipment. It has three reportable operating segments as follows: The parent company, subsidiary, and adjustment.

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