APEX Wind Power Equipment Manufacturing (ROCO:7702) Cash-to-Debt : 2.65 (As of Jun. 2024)

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What is APEX Wind Power Equipment Manufacturing 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 Wind Power Equipment Manufacturing's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.65.

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 Wind Power Equipment Manufacturing could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for APEX Wind Power Equipment Manufacturing's Cash-to-Debt or its related term are showing as below:

ROCO:7702' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.03 Med: 1.32 Max: 2.65
Current: 2.65

During the past 3 years, APEX Wind Power Equipment Manufacturing's highest Cash to Debt Ratio was 2.65. The lowest was 1.03. And the median was 1.32.

ROCO:7702's Cash-to-Debt is ranked better than
63.84% of 2998 companies
in the Industrial Products industry
Industry Median: 1.18 vs ROCO:7702: 2.65

APEX Wind Power Equipment Manufacturing Cash-to-Debt Historical Data

The historical data trend for APEX Wind Power Equipment Manufacturing'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 Wind Power Equipment Manufacturing Cash-to-Debt Chart

APEX Wind Power Equipment Manufacturing Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.03

1.32

2.24

APEX Wind Power Equipment Manufacturing Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	1.32	1.22	2.24	2.65

Competitive Comparison of APEX Wind Power Equipment Manufacturing's Cash-to-Debt

For the Metal Fabrication subindustry, APEX Wind Power Equipment Manufacturing'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 Wind Power Equipment Manufacturing's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, APEX Wind Power Equipment Manufacturing's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where APEX Wind Power Equipment Manufacturing's Cash-to-Debt falls into.

APEX Wind Power Equipment Manufacturing 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 Wind Power Equipment Manufacturing'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)
	=	335.033	/	(104.316	+	45.172)
	=	2.24

APEX Wind Power Equipment Manufacturing's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	396.035	/	(102.199	+	46.997)
	=	2.65

APEX Wind Power Equipment Manufacturing (ROCO:7702) 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 Wind Power Equipment Manufacturing Cash-to-Debt Related Terms

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APEX Wind Power Equipment Manufacturing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » APEX Wind Power Equipment Manufacturing (ROCO:7702) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

17F, No. 97, Sec. 4 Road, Chongxin Road, Sanchong District, New Taipei, TWN, 24161

Website

https://www.apexwp.com.tw

APEX Wind Power Equipment Manufacturing is a company that provides services ranging from steel plate storage, flame cutting (CNC), edge beveling, plate rolling, SAW submerged arc welding, to finished product related dimensional measurement and non-destructive test, APEX's one-stop service satisfies all clients with first-class products. It has great steel structure processing abilities and provides clients with the best services.

APEX Wind Power Equipment Manufacturing Headlines

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