Automax Motors (XTAE:AMX) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Automax Motors 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. Automax Motors's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Automax Motors couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Automax Motors's Cash-to-Debt or its related term are showing as below:

XTAE:AMX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.32 Max: No Debt
Current: 0.01

During the past 13 years, Automax Motors's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.32.

XTAE:AMX's Cash-to-Debt is ranked worse than
97.54% of 1302 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs XTAE:AMX: 0.01

Automax Motors Cash-to-Debt Historical Data

The historical data trend for Automax Motors'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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Automax Motors Cash-to-Debt Chart

Automax Motors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.06

0.04

0.01

Automax Motors Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.02	0.02	0.01	0.01

Competitive Comparison of Automax Motors's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Automax Motors'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.

Automax Motors's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Automax Motors's Cash-to-Debt distribution charts can be found below:

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

Automax Motors 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.

Automax Motors'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)
	=	5.892	/	(584.835	+	200.194)
	=	0.01

Automax Motors's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	2.405	/	(165.236	+	55.391)
	=	0.01

Automax Motors (XTAE:AMX) 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.

Automax Motors Cash-to-Debt Related Terms

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