Apex International Financial Engineering Res & Tec Co (ROCO:5210) Cash-to-Debt : 3.55 (As of Sep. 2024)

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What is Apex International Financial Engineering Res & Tec Co 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. Apex International Financial Engineering Res & Tec Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.55.

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, Apex International Financial Engineering Res & Tec Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Apex International Financial Engineering Res & Tec Co's Cash-to-Debt or its related term are showing as below:

ROCO:5210' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.06 Med: 4.24 Max: 564.54
Current: 3.55

During the past 13 years, Apex International Financial Engineering Res & Tec Co's highest Cash to Debt Ratio was 564.54. The lowest was 1.06. And the median was 4.24.

ROCO:5210's Cash-to-Debt is ranked better than
56.12% of 2796 companies
in the Software industry
Industry Median: 2.33 vs ROCO:5210: 3.55

Apex International Financial Engineering Res & Tec Co Cash-to-Debt Historical Data

The historical data trend for Apex International Financial Engineering Res & Tec Co'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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Apex International Financial Engineering Res & Tec Co Cash-to-Debt Chart

Apex International Financial Engineering Res & Tec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.07

7.55

1.41

1.48

1.85

Apex International Financial Engineering Res & Tec Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.74	1.85	1.27	1.24	3.55

Competitive Comparison of Apex International Financial Engineering Res & Tec Co's Cash-to-Debt

For the Software - Application subindustry, Apex International Financial Engineering Res & Tec Co'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.

Apex International Financial Engineering Res & Tec Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Apex International Financial Engineering Res & Tec Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Apex International Financial Engineering Res & Tec Co's Cash-to-Debt falls into.

Apex International Financial Engineering Res & Tec Co 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.

Apex International Financial Engineering Res & Tec Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	223.759	/	(110.285	+	10.54)
	=	1.85

Apex International Financial Engineering Res & Tec Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	546.017	/	(135.88	+	17.82)
	=	3.55

Apex International Financial Engineering Res & Tec Co (ROCO:5210) 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.

Apex International Financial Engineering Res & Tec Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Apex International Financial Engineering Res & Tec Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Apex International Financial Engineering Res & Tec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Apex International Financial Engineering Res & Tec Co Ltd (ROCO:5210) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No.358, Section 2, Bade Roadd, 6th Floor-1, Songshan District, Taipei, TWN

Website

https://www.apex.com.tw

Apex International Financial Engineering Res & Tec Co Ltd is a Taiwan-based company engaged in providing financial technology integration services. The segments of the company are Information Services, Green Energy Development, and Investment, of which maximum revenue is generated from Information Services. The Company is mainly engaged in information software service, electronic information supply service, system integration service, and solar power equipment engineering contracts.

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