Apax Global Alpha (LSE:APAX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Apax Global Alpha 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. Apax Global Alpha's cash to debt ratio for the quarter that ended in Dec. 2023 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, Apax Global Alpha could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:APAX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Apax Global Alpha's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was No Debt.

LSE:APAX's Cash-to-Debt is ranked better than
99.93% of 1475 companies
in the Asset Management industry
Industry Median: 5.39 vs LSE:APAX: No Debt

Apax Global Alpha Cash-to-Debt Historical Data

The historical data trend for Apax Global Alpha'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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Apax Global Alpha Cash-to-Debt Chart

Apax Global Alpha Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Apax Global Alpha Semi-Annual Data
	Dec12	Dec13	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Apax Global Alpha's Cash-to-Debt

For the Asset Management subindustry, Apax Global Alpha'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.

Apax Global Alpha's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Apax Global Alpha's Cash-to-Debt distribution charts can be found below:

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

Apax Global Alpha Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Apax Global Alpha's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Apax Global Alpha had no debt ⁽¹⁾.

Apax Global Alpha's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Apax Global Alpha had no debt ⁽¹⁾.

Apax Global Alpha (LSE:APAX) 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.

Apax Global Alpha Cash-to-Debt Related Terms

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

Apax Global Alpha (LSE:APAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apax Global Alpha Ltd (LSE:APAX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

APAXl:UK

Address

East Wing, Trafalgar Court, P.O. Box 656, Les Banques, Saint Peter Port, GGY, GY1 3PP

Website

https://www.apaxglobalalpha.com

Apax Global Alpha Ltd is a closed-ended investment company that invests in a diversified portfolio of private equity funds and Derived Investments. The company's investment objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. It is targeting an annualized Total Return across economic cycles of nearly 12-15%, which includes net fees and expenses. Once fully invested, the company aims to pay an annualized dividend yield of about 5% of Net Asset Value per annum. Geographically, it derives a majority of revenue from North America.

Apax Global Alpha (LSE:APAX) Headlines

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Apax Global Alpha (LSE:APAX) Cash-to-Debt : No Debt (1) (As of Dec. 2023)