American Axle & Mfg Holdings (American Axle & Mfg Holdings) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is American Axle & Mfg Holdings 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. American Axle & Mfg Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

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, American Axle & Mfg Holdings 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 American Axle & Mfg Holdings's Cash-to-Debt or its related term are showing as below:

AXL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.16 Max: 0.34
Current: 0.18

During the past 13 years, American Axle & Mfg Holdings's highest Cash to Debt Ratio was 0.34. The lowest was 0.10. And the median was 0.16.

AXL's Cash-to-Debt is ranked worse than
76.14% of 1291 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs AXL: 0.18

American Axle & Mfg Holdings Cash-to-Debt Historical Data

The historical data trend for American Axle & Mfg Holdings'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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American Axle & Mfg Holdings Cash-to-Debt Chart

American Axle & Mfg Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

0.16

0.17

0.18

American Axle & Mfg Holdings 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															0.17	0.16	0.17	0.21	0.18

Competitive Comparison of American Axle & Mfg Holdings's Cash-to-Debt

For the Auto Parts subindustry, American Axle & Mfg Holdings'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.

American Axle & Mfg Holdings's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where American Axle & Mfg Holdings's Cash-to-Debt falls into.

American Axle & Mfg Holdings 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.

American Axle & Mfg Holdings'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)
	=	519.9	/	(38.9	+	2847.4)
	=	0.18

American Axle & Mfg Holdings'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)
	=	519.9	/	(38.9	+	2847.4)
	=	0.18

American Axle & Mfg Holdings (NYSE:AXL) 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.

American Axle & Mfg Holdings Cash-to-Debt Related Terms

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

American Axle & Mfg Holdings (American Axle & Mfg Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » American Axle & Mfg Holdings Inc (NYSE:AXL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AYA:Germany

Address

One Dauch Drive, Detroit, MI, USA, 48211-1198

Website

https://www.aam.com

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.

Executives

Terri M. Kemp	officer: Senior VP Human Resources	ONE DAUCH DRIVE, DETROIT MI 48211
Matthew K. Paroly	officer: VP & General Counsel	ONE DAUCH DRIVE, DETROIT MI 48211
Norman Willemse	officer: VP, Metal Form Prod. Bus. Unit	ONE DAUCH DRIVE, DETROIT MI 48211-1198
James A Mccaslin	director
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Tolga I Oal	officer: President, AAM North America	201 ISABELLA STREET, PITTSTBURGH PA 15212
Alberto L Satine	officer: VP-Procurement	ONE DAUCH DRIVE, DETROIT MI 48211
Sandra E. Pierce	director	2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Miller William P Ii	director	20 S. WACKER DR., CHICAGO IL 60606
Michael Joseph Lynch	officer: VP Finance & Controller	ONE DAUCH DRIVE, DETROIT MI 48211
Michael K Simonte	officer: VP & Treasurer	ONE DAUCH DRIVE, DETROIT MI 48211-1198
Bowes Timothy Earl Joseph	officer: Senior VP Corporate Planning	2135 WEST MAPLE ROAD, TROY MI 48084
Elizabeth Anne Chappell	director	ONE DAUCH DRIVE, DETROIT MI 48211
Christopher John May	officer: VP & CFO	ONE DAUCH DRIVE, DETROIT MI 48211