Aitken Spence (COL:SPEN.N0000) Cash-to-Debt : 0.18 (As of Dec. 2023)

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What is Aitken Spence 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. Aitken Spence'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, Aitken Spence 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 Aitken Spence's Cash-to-Debt or its related term are showing as below:

COL:SPEN.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.28 Max: 4.84
Current: 0.18

During the past 13 years, Aitken Spence's highest Cash to Debt Ratio was 4.84. The lowest was 0.09. And the median was 0.28.

COL:SPEN.N0000's Cash-to-Debt is ranked worse than
74.76% of 511 companies
in the Conglomerates industry
Industry Median: 0.48 vs COL:SPEN.N0000: 0.18

Aitken Spence Cash-to-Debt Historical Data

The historical data trend for Aitken Spence'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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Aitken Spence Cash-to-Debt Chart

Aitken Spence Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.42

0.28

0.31

0.47

0.44

Aitken Spence 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															0.16	0.44	0.17	0.15	0.18

Competitive Comparison of Aitken Spence's Cash-to-Debt

For the Conglomerates subindustry, Aitken Spence'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.

Aitken Spence's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aitken Spence's Cash-to-Debt distribution charts can be found below:

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

Aitken Spence 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.

Aitken Spence's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	42722.208	/	(34240.919	+	62662.483)
	=	0.44

Aitken Spence'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)
	=	17740.363	/	(41589.666	+	55839.075)
	=	0.18

Aitken Spence (COL:SPEN.N0000) 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.

Aitken Spence Cash-to-Debt Related Terms

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

Aitken Spence (COL:SPEN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aitken Spence PLC (COL:SPEN.N0000) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

No. 315, Vauxhall Street, Aitken Spence Towers II, Colombo, LKA, 02

Website

https://www.aitkenspence.com

Aitken Spence PLC is a Sri Lankan-based conglomerate company. Its segments consist of Tourism, Maritime and Freight Logistics, Strategic Investments, and Services. The tourism segment includes Hotels, destination management, and Airline GSA. Maritime and Freight Logistics segments consist of Maritime and Port Services, Freight Forwarding and Courier, Airline GSA (Cargo), Integrated Logistics, and Education. Strategic Investment includes Power Generation, Apparel Manufacture, Printing and Packaging, and Plantations. The services sector is engaged in Money Transfer Services, Elevator Agencies, Insurance, and Property Management. The company's geographical segments are Sri Lanka, Maldives, and Other Countries.

Aitken Spence (COL:SPEN.N0000) Headlines

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