ADFS (American Defense Systems) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2012)

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What is American Defense Systems 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. American Defense Systems's cash to debt ratio for the quarter that ended in Sep. 2012 was No Debt ⁽¹⁾.

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, American Defense Systems could pay off its debt using the cash in hand for the quarter that ended in Sep. 2012.

(1) 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.

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

ADFS's Cash-to-Debt is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 0.73
* Ranked among companies with meaningful Cash-to-Debt only.

American Defense Systems Cash-to-Debt Historical Data

The historical data trend for American Defense Systems'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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American Defense Systems Cash-to-Debt Chart

American Defense Systems Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Cash-to-Debt

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40.84

10.55

No Debt

American Defense Systems Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of American Defense Systems's Cash-to-Debt

For the Aerospace & Defense subindustry, American Defense Systems'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.

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

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

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

American Defense Systems 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.

American Defense Systems's Cash to Debt Ratio for the fiscal year that ended in Dec. 2011 is calculated as:

American Defense Systems had no debt ⁽¹⁾.

American Defense Systems's Cash to Debt Ratio for the quarter that ended in Sep. 2012 is calculated as:

American Defense Systems had no debt ⁽¹⁾.

American Defense Systems (OTCPK:ADFS) 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.

American Defense Systems Cash-to-Debt Related Terms

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American Defense Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » American Defense Systems Inc (OTCPK:ADFS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3440 Toringdon way, suite 205, Room 218, Charlotte, NC, USA, 28277

Website

http://www.adsiarmor.com

American Defense Systems Inc is a defense and security products company engaged in three business areas: customized transparent and opaque armor solutions; architectural hardening and perimeter defense and tactical training products and services. It serves US government agencies, general contractors and other commercial and private entities operating in high-threat locations.

Executives

R Atticus Lowe	10 percent owner	2151 ALESSANDRO DRIVE, SUITE 100, VENTURA CA 93001
Lance W Helfert	10 percent owner	2151 ALESSANDRO DRIVE, SUITE 100, VENTURA CA 93001
West Coast Opportunity Fund Llc	10 percent owner	C/O WEST COAST ASSET MANAGEMENT INC, 2151 ALESANDRO DRIVE, SUITE 100, VENTURA CA 93001
West Coast Asset Management Inc	10 percent owner	1205 COAST VILLAGE ROAD, MONTECITO CA 93108
Paul J Orfalea	10 percent owner	2151 ALESSANDRO DRIVE, SUITE 100, VENTURA CA 93001