AVP (AVPI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2008)

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What is AVP 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. AVP's cash to debt ratio for the quarter that ended in Sep. 2008 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, AVP could pay off its debt using the cash in hand for the quarter that ended in Sep. 2008.

(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 AVP's Cash-to-Debt or its related term are showing as below:

AVPI's Cash-to-Debt is not ranked ^*
in the Media - Diversified industry.
Industry Median: 1.275
* Ranked among companies with meaningful Cash-to-Debt only.

AVP Cash-to-Debt Historical Data

The historical data trend for AVP'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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AVP Cash-to-Debt Chart

AVP Annual Data

Trend

Apr98

Apr99

Apr00

Apr01

Apr02

Apr03

Apr04

Dec05

Dec06

Dec07

Cash-to-Debt

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0.03

0.63

2.15

No Debt

AVP Quarterly Data
	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of AVP's Cash-to-Debt

For the Entertainment subindustry, AVP'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.

AVP's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AVP's Cash-to-Debt distribution charts can be found below:

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

AVP 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.

AVP's Cash to Debt Ratio for the fiscal year that ended in Dec. 2007 is calculated as:

AVP had no debt ⁽¹⁾.

AVP's Cash to Debt Ratio for the quarter that ended in Sep. 2008 is calculated as:

AVP had no debt ⁽¹⁾.

AVP (OTCPK:AVPI) 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.

AVP Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of AVP's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

AVP (AVPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AVP Inc (OTCPK:AVPI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1187 Coast Village Road, Suite 319, Santa Barbara, CA, USA, 93108

Website

http://www.avp.com

AVP Inc owns and operates professional beach volleyball tournaments in the United States. The company's tournaments include FIVB Huntington Beach Open, King of the Court Series and AVP Gold Series Standings.

Executives

Diker Management Llc	10 percent owner	570 LEXINGTON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Leonard Armato	director, officer: Chief Executive Officer	ASSOCIATION OF VOLLEYBALL PROFESSIONALS, 6100 CENTER DRIVE, 9TH FLOOR, LOS ANGELES CA 90045
Stephen D Royer	10 percent owner
Kathy P Vrabeck	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
William J Chardavoyne	director	3100 OCEAN PARK BLVD, STE 1000, SANTA MONICA CA 90405
Jack F Kemp	director	1701 PENNSYLVANIA AVE NW, WASHINGTON DC 20006-2805
Scott Painter	director	ASSOCIATION OF VOLLEYBALL PROFESSIONALS, 6100 CENTER DRIVE, 9TH FLOOR, LOS ANGELES CA 90045
Amtrust International Insurance Ltd	10 percent owner	SUITE 102 WASHINGTON MALL, 7 REID STREET, HAMILTON D0 HM11
Twenty-first Century Fox, Inc.	10 percent owner	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Michael Roth	10 percent owner	3600 SOUTH LAKE DRIVE, ST. FRANCIS WI 53235
Brian Jay Stark	10 percent owner	3600 SOUTH LAKE DRIVE, ST. FRANCIS WI 53235

AVP (AVPI) Headlines

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AVP (AVPI) Cash-to-Debt : No Debt (1) (As of Sep. 2008)