Apex Dynamics (TPE:4583) Cash-to-Debt : 8.56 (As of Sep. 2024)

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What is Apex Dynamics 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 Dynamics's cash to debt ratio for the quarter that ended in Sep. 2024 was 8.56.

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

TPE:4583' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.03 Med: 6.65 Max: No Debt
Current: 8.56

During the past 8 years, Apex Dynamics's highest Cash to Debt Ratio was No Debt. The lowest was 1.03. And the median was 6.65.

TPE:4583's Cash-to-Debt is ranked better than
76.42% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs TPE:4583: 8.56

Apex Dynamics Cash-to-Debt Historical Data

The historical data trend for Apex Dynamics'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 Dynamics Cash-to-Debt Chart

Apex Dynamics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.98

1.48

1.49

7.20

7.97

Apex Dynamics Quarterly Data
	Jun19	Dec19	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															7.66	7.97	9.06	8.02	8.56

Competitive Comparison of Apex Dynamics's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Apex Dynamics'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 Dynamics's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Apex Dynamics's Cash-to-Debt distribution charts can be found below:

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

Apex Dynamics 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 Dynamics'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)
	=	4615.535	/	(31.978	+	547.081)
	=	7.97

Apex Dynamics'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)
	=	4733.692	/	(26.645	+	526.106)
	=	8.56

Apex Dynamics (TPE:4583) 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 Dynamics Cash-to-Debt Related Terms

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Apex Dynamics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Apex Dynamics Inc (TPE:4583) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No.10, Keyuan 3rd Road, Situn District, Taichung, TWN, 40763

Website

https://www.apexdyna.com

Apex Dynamics Inc is involved in the production and sales of machinery equipment. It offers various equipment such as a gearbox, rack and pinion, smart lubrication equipment, traversing robots, turrets, and other equipment. The company has two reportable business departments. The precision machinery segment is engaged in the production and sales of precision reducers and automatic control equipment manufacturing. The catering service department is engaged in hotel housing service and catering business. The majority is from the Precision Machinery segment. Geographically, it derives from Asia, Europe, America and other, out of which the majority is derived from Asia.

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