Asseco Business Solutions (FRA:9QQ) Cash-to-Debt : 1.41 (As of Mar. 2024)

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What is Asseco Business Solutions 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. Asseco Business Solutions's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.41.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Asseco Business Solutions could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Asseco Business Solutions's Cash-to-Debt or its related term are showing as below:

FRA:9QQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.72 Max: No Debt
Current: 1.41

During the past 13 years, Asseco Business Solutions's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.72.

FRA:9QQ's Cash-to-Debt is ranked worse than
59.42% of 2723 companies
in the Software industry
Industry Median: 2.49 vs FRA:9QQ: 1.41

Asseco Business Solutions Cash-to-Debt Historical Data

The historical data trend for Asseco Business Solutions'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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Asseco Business Solutions Cash-to-Debt Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.54

0.89

0.67

0.93

1.08

Asseco Business Solutions 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															1.24	0.05	0.37	1.08	1.41

Competitive Comparison of Asseco Business Solutions's Cash-to-Debt

For the Software - Application subindustry, Asseco Business Solutions'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.

Asseco Business Solutions's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Asseco Business Solutions's Cash-to-Debt distribution charts can be found below:

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

Asseco Business Solutions 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.

Asseco Business Solutions'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)
	=	12.619	/	(1.725	+	9.949)
	=	1.08

Asseco Business Solutions'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)
	=	17.138	/	(1.812	+	10.312)
	=	1.41

Asseco Business Solutions (FRA:9QQ) 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.

Asseco Business Solutions Cash-to-Debt Related Terms

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

Asseco Business Solutions (FRA:9QQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Business Solutions SA (FRA:9QQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ABS:Poland

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

Asseco Business Solutions (FRA:9QQ) Headlines

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