AIRA Capital PCL (BKK:AIRA-F) Cash-to-Debt : 0.22 (As of Mar. 2024)

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What is AIRA Capital PCL 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. AIRA Capital PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.22.

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, AIRA Capital PCL couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BKK:AIRA-F' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.31 Max: 0.86
Current: 0.22

During the past 11 years, AIRA Capital PCL's highest Cash to Debt Ratio was 0.86. The lowest was 0.15. And the median was 0.31.

BKK:AIRA-F's Cash-to-Debt is ranked worse than
82.73% of 776 companies
in the Capital Markets industry
Industry Median: 2.16 vs BKK:AIRA-F: 0.22

AIRA Capital PCL Cash-to-Debt Historical Data

The historical data trend for AIRA Capital PCL'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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AIRA Capital PCL Cash-to-Debt Chart

AIRA Capital PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.35

0.27

0.21

0.22

AIRA Capital PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.15	0.29	0.22	0.22

Competitive Comparison of AIRA Capital PCL's Cash-to-Debt

For the Capital Markets subindustry, AIRA Capital PCL'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.

AIRA Capital PCL's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, AIRA Capital PCL's Cash-to-Debt distribution charts can be found below:

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

AIRA Capital PCL 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.

AIRA Capital PCL'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)
	=	935.468	/	(3637.37	+	710.769)
	=	0.22

AIRA Capital PCL's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	943.474	/	(3707.083	+	686.928)
	=	0.21

AIRA Capital PCL (BKK:AIRA-F) 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.

AIRA Capital PCL Cash-to-Debt Related Terms

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

AIRA Capital PCL (BKK:AIRA-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » AIRA Capital PCL (BKK:AIRA-F) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AIRA:Thailand

Address

Phayathai Road, No. 319, Chamchuri Square, 12th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330

Website

https://www.airacapital.co.th

AIRA Capital PCL is an investment firm providing a range of financial products under the approved licenses. It operates with five business segments namely Securities and investment business segment, which services a securities and derivatives brokerage, securities trading and investment; Advisory and investment banking segment, which services an investment and financial advisory, underwriting and private fund management; Factoring segment, which purchases account receivables; Rental and service business segment, which engages in finance lease, hire purchase and operating lease for industrial equipment and machines and property development which involves the development of properties. It derives majority income from brokerage fees, management fees and interest and dividends on investment.

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