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Asphere Innovations PCL (BKK:AS) Cash Ratio : 0.93 (As of Dec. 2023)


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What is Asphere Innovations PCL Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Asphere Innovations PCL's Cash Ratio for the quarter that ended in Dec. 2023 was 0.93.

Asphere Innovations PCL has a Cash Ratio of 0.93. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Asphere Innovations PCL's Cash Ratio or its related term are showing as below:

BKK:AS' s Cash Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.57   Max: 2.73
Current: 0.93

During the past 13 years, Asphere Innovations PCL's highest Cash Ratio was 2.73. The lowest was 0.38. And the median was 0.57.

BKK:AS's Cash Ratio is ranked worse than
56.85% of 584 companies
in the Interactive Media industry
Industry Median: 1.165 vs BKK:AS: 0.93

Asphere Innovations PCL Cash Ratio Historical Data

The historical data trend for Asphere Innovations PCL's Cash Ratio 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.

* Premium members only.

Asphere Innovations PCL Cash Ratio Chart

Asphere Innovations PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 2.11 2.29 2.73 0.93

Asphere Innovations PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.73 3.44 1.93 0.68 0.93

Competitive Comparison of Asphere Innovations PCL's Cash Ratio

For the Electronic Gaming & Multimedia subindustry, Asphere Innovations PCL's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.


Asphere Innovations PCL's Cash Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Asphere Innovations PCL's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Asphere Innovations PCL's Cash Ratio falls into.



Asphere Innovations PCL Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Asphere Innovations PCL's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=531.017/572.872
=0.93

Asphere Innovations PCL's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=531.017/572.872
=0.93

* 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.


Asphere Innovations PCL  (BKK:AS) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.


Asphere Innovations PCL Cash Ratio Related Terms

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Asphere Innovations PCL (BKK:AS) Business Description

Traded in Other Exchanges
Address
Rama 9 Road, 51 Major Tower Rama 9 - Ramkhamhaeng 18th Floor, Room No. 3-8, Hua Mak, Bangkapi, Bangkok, THA, 10240
Asphere Innovations PCL is engaged in providing online game services. It operates in two segments: Online game segment, which provides online game services through the internet that perform based on the agreement of the publisher with the game developer; and The distribution segment is a business that provides payment channel services. Nearly all of its revenue comes from the Online game segment. Some of the games offered by the company include Audition Online, Crossout, Elsword, Mission Against Terror 2, Mosiang Online, Perfect World, RF Online, Wulin Online, HuangYi Mobile, Real Yulgang Mobile, and Tales of Fairy Empire. Its geographical segments include Thailand, Singapore, Malaysia, the Philippines, and other countries.

Asphere Innovations PCL (BKK:AS) Headlines

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