Apex Spinning & Knitting Mills (DHA:APEXSPINN) Cash-to-Debt : 2.08 (As of Dec. 2023)

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What is Apex Spinning & Knitting Mills 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 Spinning & Knitting Mills's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.08.

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 Spinning & Knitting Mills could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Apex Spinning & Knitting Mills's Cash-to-Debt or its related term are showing as below:

DHA:APEXSPINN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 2.75 Max: 19.97
Current: 2.08

During the past 13 years, Apex Spinning & Knitting Mills's highest Cash to Debt Ratio was 19.97. The lowest was 0.08. And the median was 2.75.

DHA:APEXSPINN's Cash-to-Debt is ranked better than
74.54% of 1037 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs DHA:APEXSPINN: 2.08

Apex Spinning & Knitting Mills Cash-to-Debt Historical Data

The historical data trend for Apex Spinning & Knitting Mills'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 Spinning & Knitting Mills Cash-to-Debt Chart

Apex Spinning & Knitting Mills Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.26

0.08

0.93

0.11

1.59

Apex Spinning & Knitting Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.66	1.76	1.59	0.84	2.08

Competitive Comparison of Apex Spinning & Knitting Mills's Cash-to-Debt

For the Apparel Manufacturing subindustry, Apex Spinning & Knitting Mills'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 Spinning & Knitting Mills's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Apex Spinning & Knitting Mills's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Apex Spinning & Knitting Mills's Cash-to-Debt falls into.

Apex Spinning & Knitting Mills 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 Spinning & Knitting Mills's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	90.756	/	(56.938	+	0)
	=	1.59

Apex Spinning & Knitting Mills's Cash to Debt Ratio for the quarter 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)
	=	56.68	/	(27.308	+	0)
	=	2.08

Apex Spinning & Knitting Mills (DHA:APEXSPINN) 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 Spinning & Knitting Mills Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Apex Spinning & Knitting Mills's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Apex Spinning & Knitting Mills (DHA:APEXSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Apex Spinning & Knitting Mills Ltd (DHA:APEXSPINN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Gulshan Avenue, Shanta Skymark, 8th & 13th Floor, Gulshan, Dhaka, BGD, 1212

Website

https://www.apexknitting.com

Apex Spinning & Knitting Mills Ltd is a Bangladesh based company that operates as a manufacturer and exporter of all kinds of textiles knitted garments. The company is principally operating in manufacturing high-quality Knit-garments for infants, children, and womenswear using fabrics produced in-house.

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