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Apollo Education Group Inc (NAS:APOL)
Cash to Debt Ratio
11.40 (As of May. 2014)

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash and cash equivalents divide by its debt. Apollo Education Group Inc's cash to debt ratio for the quarter that ended in May. 2014 was 11.40.

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, Apollo Education Group Inc could pay off its debt using the cash in hand for the quarter that ended in May. 2014.

APOL' s 10-Year Cash to Debt Range
Min: 1.13   Max: No Debt
Current: 11.4

During the past 13 years, Apollo Education Group Inc's highest Cash to Debt Ratio was No Debt. The lowest was 1.13. And the median was 18.36.

APOL's Cash to Debtis ranked higher than
76% of the 119 Companies
in the Global Education & Training Services industry.

( Industry Median: 3.86 vs. APOL: 11.40 )

Definition

This is the ratio of a company's Cash and cash equivalents to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Apollo Education Group Inc's Cash to Debt Ratio for the fiscal year that ended in Aug. 2013 is calculated as:

Cash to Debt Ratio=Cash and Cash Equivalents / Total Debt
=Cash and Cash Equivalents / (Short-Term Debt + Long-Term Debt)
=1520.294 / (628.05 + 64.004)
=2.20

Apollo Education Group Inc's Cash to Debt Ratio for the quarter that ended in May. 2014 is calculated as:

Cash to Debt Ratio=Cash and Cash Equivalents / Total Debt
=Cash and Cash Equivalents / (Short-Term Debt + Long-Term Debt)
=807.755 / (31.093 + 39.756)
=11.40

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Cash and Cash Equivalents (For Banks and Insurance Companies), Cash and Cash Equivalents


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Apollo Education Group Inc Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
cash2debt 7.3218.53No DebtNo Debt15.731.642.202.621.772.20

Apollo Education Group Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
cash2debt 6.284.781.777.949.3410.172.2012.1010.8111.40
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