IDEX (IEX) Cash-to-Debt

: 0.37 (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. IDEX's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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

IEX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.49 Max: 0.89
Current: 0.37

During the past 13 years, IDEX's highest Cash to Debt Ratio was 0.89. The lowest was 0.23. And the median was 0.49.

IEX's Cash-to-Debt is ranked worse than
73.87% of 2997 companies
in the Industrial Products industry
Industry Median: 1.2 vs IEX: 0.37

IDEX Cash-to-Debt Historical Data

The historical data trend for IDEX'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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IDEX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.68

0.89

0.66

0.27

0.37

IDEX 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																0.27	0.32	0.29	0.39	0.37

Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX'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.

IDEX Cash-to-Debt Distribution

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

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

IDEX 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.

IDEX'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)
	=	534.3	/	(22.6	+	1423.2)
	=	0.37

IDEX'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)
	=	534.3	/	(22.6	+	1423.2)
	=	0.37

IDEX (NYSE:IEX) 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.

IDEX Cash-to-Debt Related Terms

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

IDEX (IEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IDEX Corp (NYSE:IEX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IEX:Mexico ID7:Germany ID7:Germany

Address

3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062

Website

https://www.idexcorp.com

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.

Executives

Alejandro Quiroz	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Roopa Unnikrishnan	officer: SVP, Strategy&Corp Development	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Marc Uleman	officer: Senior VP, Group Executive HST	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
William K Grogan	officer: SVP - Chief Financial Officer	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Melissa Aquino	officer: Former SVP, Group Exec FMT&FSD	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Livingston Satterthwaite	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Eric D Ashleman	officer: SVP - Chief Operating Officer	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Stanfield Paris Watts	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Carl R Christenson	director	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Katrina L Helmkamp	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
William M Cook	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark A Buthman	director	P O BOX 619100, DALLAS TX 752619100
Lakecia N Gunter	director	3100 SANDER ROAD, SUITE 301, NORTHBROOK IL 60062
Mark A Beck	director	2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
David C Parry	director	155 HARLEM AVE., GLENVIEW IL 60025