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AppenASX:APX +4.85%48 Cash-to-Debt is 6.02 as of Jun. 2026, which is 89% above its 10-year median of 3.18. GuruFocus rates ASX:APX with a GF Score™ of 48/100 and a GF Value™ of A$0.86 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,846 Software companies, Appen ranks better than 62.47% on this metric.
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. Appen's cash to debt ratio for the quarter that ended in Jun. 2026 was 6.02.
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, Appencould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Appen's Cash-to-Debt or its related term are showing as below:
ASX:APX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 3.18 Max: 4060.6
Current: 6.02
During the past 11 years, Appen's highest Cash to Debt Ratio was 4060.60. The lowest was 0.35. And the median was 3.18.
ASX:APX's Cash-to-Debt is ranked better than 62.47% of 2846
companies
in the Software industry
Industry Median: 2.455
vs ASX:APX: 6.02
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.
Appen Cash-to-Debt Related Terms
Appen Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Appen'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.
ASX:APX vs IBM, ACN, CTSH: Cash-to-Debt Comparison
For the Information Technology Services subindustry, Appen'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.
Appen Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Appen's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Appen's Cash-to-Debt falls into.
* 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.
Appen (ASX:APX) has a Cash-to-Debt of 6.02 as of Jun. 2026. This is 89% above median its historical median of 3.18. Over the past decade, Appen's Cash-to-Debt has ranged from 0.35 to 4,060.60. According to the industry distribution chart, Appen ranks #1068 out of 2846 companies in the Software industry, placing it in the top 37.5%.
Is Appen's Cash-to-Debt too high?
Appen's current Cash-to-Debt of 6.02 is 89% above median its 10-year median of 3.18. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 4,060.60. The Software industry median Cash-to-Debt is 2.46. Appen's value of 6.02 is 145.2% above this industry median. Based on the distribution chart, Appen ranks #1068 out of 2846 companies in the Software industry, which is above the industry midpoint. Overall, Appen has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Appen's Cash-to-Debt compare to IBM and ACN?
According to the Software industry distribution chart, Appen ranks #1068 out of 2846 companies for Cash-to-Debt. This puts Appen in the upper half of its industry. The industry median Cash-to-Debt is 2.46. Appen's value of 6.02 is 145.2% above this benchmark. Historically, Appen's own Cash-to-Debt has ranged from 0.35 to 4,060.60 over the past decade. While the company's 10-year median is 3.18 vs. the industry median of 2.46, Appen has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Software company?
The median Cash-to-Debt among Software companies is 2.46, based on 2,846 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Appen's current Cash-to-Debt of 6.02 is 145.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Cash-to-Debt is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appen's current Cash-to-Debt is 6.02, which is 89% above median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appen stock overvalued right now?
Based on GuruFocus' analysis, Appen (ASX:APX) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.86, compared to a current price of A$1.08 — trading 25.6% above its estimated fair value. The current Cash-to-Debt is 6.02, which is 89% above median its 10-year median of 3.18 and 145.2% above the Software industry median of 2.46. Appen's overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Appen (ASX:APX), the current Cash-to-Debt is 6.02 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Appen (ASX:APX) Overvalued in 2026?
Based on GuruFocus' analysis, Appen stock appears to be overvalued.
The current stock price of A$1.08 is trading 25.6% above its estimated GF Value™ of A$0.86.
GuruFocus considers Appen to be Modestly Overvalued.
Key valuation signals for ASX:APX:
Cash-to-Debt: 6.02 (89% above median its 10-year median of 3.18)
GF Value™: A$0.86 vs. price of A$1.08 (25.6% above fair value)
Industry Position: 145.2% above the Software median (#1068 of 2846)
No single metric tells the full story. See the ASX:APX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Appen Ltd is engaged in the provision of quality data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers, government agencies among others. The company's business segments are Appen Global and Appen China. It generates maximum revenue from the Appen Global segment which represents all operations outside of the China Group. The Appen China segment represents the China Group operations and includes Japan and Korea. Geographically, it derives a majority of its revenue from the United States of America, and has its presence in China, Australia and Others.
48GF Score
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