Plexus (Plexus) Cash-to-Debt

: 0.48 (As of Dec. 2023)

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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. Plexus's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.48.

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, Plexus couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PLXS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 1.06 Max: 2.46
Current: 0.48

During the past 13 years, Plexus's highest Cash to Debt Ratio was 2.46. The lowest was 0.45. And the median was 1.06.

PLXS's Cash-to-Debt is ranked worse than
74.25% of 2470 companies
in the Hardware industry
Industry Median: 1.37 vs PLXS: 0.48

Plexus Cash-to-Debt Historical Data

The historical data trend for Plexus'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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Plexus Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

0.78

1.04

0.93

0.56

0.55

Plexus 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																0.45	0.53	0.48	0.55	0.48

Competitive Comparison

For the Electronic Components subindustry, Plexus'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.

Plexus Cash-to-Debt Distribution

For the Hardware industry and Technology sector, Plexus's Cash-to-Debt distribution charts can be found below:

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

Plexus 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.

Plexus's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	256.233	/	(240.205	+	229.405)
	=	0.55

Plexus'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)
	=	231.982	/	(251.119	+	228.107)
	=	0.48

Plexus (NAS:PLXS) 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.

Plexus Cash-to-Debt Related Terms

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

Plexus (Plexus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Plexus Corp (NAS:PLXS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PX4:Germany

Address

One Plexus Way, P.O. Box 156, Neenah, WI, USA, 54957

Website

https://www.plexus.com

Plexus Corp is a U.S based Electronic Manufacturing Services company that provides a range of services, from conceptualization and design to fulfilling orders and providing sustaining solutions, such as replenishment and refurbishment. The company's segments comprise AMER, APAC,ge and EMEA.

Executives

Todd P. Kelsey	officer: Sr VP Global Customer Services	55 JEWELERS PARK DRIVE, NEENAH WI 54956
Frank Zycinski	officer: Regional President - EMEA	ONE PLEXUS WAY, NEENAH WI 54956
Ronnie Darroch	officer: Regional President-Plexus EMEA	ONE PLEXUS WAY, NEENAH X1 54956
Jennifer Wuamett	director	6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Ninivaggi Angelo Michael Jr	officer: Vice Pres., General Counsel	55 JEWELERS PARK DRIVE, NEENAH WI 54956
Patrick John Jermain	officer: Vice President & CFO	ONE PLEXUS WAY, NEENAH WI 54956
Oliver K. Mihm	officer: Sr VP-Global Engineering Servs	ONE PLEXUS WAY, NEENAH X1 54956
Steven J. Frisch	officer: Sr VP Global Eng Services	55 JEWELERS PARK DRIVE, NEENAH WI 54956
Tan Victor (pang Hau)	officer: Regional President - APAC	ONE PLEXUS WAY, NEENAH WI 54956
Scott Theune	officer: Regional President - AMER	ONE PLEXUS WAY, NEENAH WI 54956
J Joel Quadracci	director	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Randy J Martinez	director	HLH BUILDING, 101 WORLD DRIVE, PEACHTREE CITY GA 30269
Michael V Schrock	director	5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
Dean A Foate	director, officer: President and CEO
Stephen P Cortinovis	director	C/O INSITUFORM TECHNOLOGIES, INC., 17988 EDISON AVENUE, CHESTERFIELD MO 63005