What is API Technologies 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. API Technologies's cash to debt ratio for the quarter that ended in Feb. 2016 was 0.02.
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, API Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2016.
The historical rank and industry rank for API Technologies's Cash-to-Debt or its related term are showing as below:
API Technologies Cash-to-Debt Historical Data
The historical data trend for API Technologies'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.
API Technologies Cash-to-Debt Chart
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API Technologies Annual Data
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Trend |
Jan06 |
May07 |
May08 |
May09 |
May10 |
May11 |
Nov12 |
Nov13 |
Nov14 |
Nov15 |
| Cash-to-Debt |
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16.56 |
0.11 |
0.06 |
0.06 |
0.04 |
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API Technologies Quarterly Data
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May11 |
Aug11 |
Nov11 |
Feb12 |
May12 |
Aug12 |
Nov12 |
Feb13 |
May13 |
Aug13 |
Nov13 |
Feb14 |
May14 |
Aug14 |
Nov14 |
Feb15 |
May15 |
Aug15 |
Nov15 |
Feb16 |
| Cash-to-Debt |
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0.05 |
0.04 |
0.03 |
0.04 |
0.02 |
Competitive Comparison of API Technologies's Cash-to-Debt
For the Semiconductors subindustry, API Technologies'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.
API Technologies's Cash-to-Debt Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, API Technologies's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where API Technologies's Cash-to-Debt falls into.
API Technologies 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.
API Technologies's Cash to Debt Ratio for the fiscal year that ended in Nov. 2015 is calculated as:
API Technologies's Cash to Debt Ratio for the quarter that ended in Feb. 2016 is calculated as:
* 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.
API Technologies (API Technologies) Business Description
Traded in Other Exchanges
N/A
Address
API Technologies Corp was incorporated on February 2, 1999 under the laws of the State of Delaware under the name Rubicon Ventures Inc. On November 6, 2006, API changed its name to "API Nanotronics Corp," and subsequently changed its name to API Technologies Corp. on October 22, 2009. The Company through its three business segments-Systems, Subsystems & Components, Electronic Manufacturing Services and Secure Systems & Information Assurance. It designs, develops and manufactures systems, subsystems, RF and secure solutions, as well as provides electronics manufacturing and high-quality engineering services for technically demanding, high-reliability applications. Solutions areas include systems, subsystems and components which includes RF/microwave and microelectronics products, electromagnetics, power and systems solutions products, and sensors, Secure Systems and Information Assurance includes TEMPEST and emanation security, rugged communications products, encryption, and secure networking products and Electronics Manufacturing Services, which involves the production of circuit card assemblies, electromechanical assemblies, and box builds used in defense, industrial and commercial applications. The Company also operates several manufacturing facilities throughout North America, the United Kingdom, Mexico and China. Its customer base spans defense, aerospace, industrial, communications, medical, and government agencies, including the governments of the United States, Canada, the United Kingdom, & other countries. The Company is subject to federal contracting laws and regulations, including the U.S. Federal Acquisition Regulation (FAR) and the False Claims Act.
Executives
| Robert Tavares |
director, officer: President and CEO |
100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
| Eric F. Seeton |
officer: Chief Financial Officer |
103 HILL STREET, SHREWSBURY MA 01545 |
| Melvin L Keating |
director |
18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039 |
| Steel Excel Inc. |
10 percent owner |
590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
| Steel Partners Holdings L.p. |
10 percent owner |
590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
| Sph Group Holdings Llc |
10 percent owner |
C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
| Sph Group Llc |
10 percent owner |
C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
| Steel Partners Holdings Gp Inc. |
10 percent owner |
590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
| Kenneth J Krieg |
director |
7111 XAVIER COURT, MCLEAN VA 22101 |
| Matthew E Avril |
director |
C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 1111 WESTCHESTER AVE, WHITE PLAINS NY 10604 |
| Claudio A Mannarino |
officer: Sr VP & CFO |
229 COLONNADE ROAD, NEPEAN A6 K2E 7K3 |
| Senator Investment Group Lp |
10 percent owner |
510 MADISON AVENUE, 28TH FLOOR, NEW YORK NY 10022 |
| Douglas Silverman |
10 percent owner |
C/O SENATOR INVESTMENT GROUP LP 510 MADISON AVENUE, 28TH FLOOR NEW YORK NY 10022 |
| Bel Lazar |
officer: President & CEO |
4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819 |
| Jason Dezwirek |
other: Former Dir, Sec & 10% owner |
2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4 |
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