Ahsay Backup Software Development Co (HKSE:08290) Cash-to-Debt : 25.97 (As of Dec. 2023)

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What is Ahsay Backup Software Development Co 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. Ahsay Backup Software Development Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 25.97.

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, Ahsay Backup Software Development Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Ahsay Backup Software Development Co's Cash-to-Debt or its related term are showing as below:

HKSE:08290' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 11.46 Max: No Debt
Current: 25.97

During the past 10 years, Ahsay Backup Software Development Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.41. And the median was 11.46.

HKSE:08290's Cash-to-Debt is ranked better than
76.64% of 2723 companies
in the Software industry
Industry Median: 2.49 vs HKSE:08290: 25.97

Ahsay Backup Software Development Co Cash-to-Debt Historical Data

The historical data trend for Ahsay Backup Software Development Co'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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Ahsay Backup Software Development Co Cash-to-Debt Chart

Ahsay Backup Software Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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12.00

15.34

7.01

8.86

25.97

Ahsay Backup Software Development Co 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															8.86	N/A	16.79	N/A	25.97

Competitive Comparison of Ahsay Backup Software Development Co's Cash-to-Debt

For the Software - Application subindustry, Ahsay Backup Software Development Co'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.

Ahsay Backup Software Development Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Ahsay Backup Software Development Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ahsay Backup Software Development Co's Cash-to-Debt falls into.

Ahsay Backup Software Development Co 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.

Ahsay Backup Software Development Co'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)
	=	62.337	/	(2.4	+	0)
	=	25.97

Ahsay Backup Software Development Co'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)
	=	62.337	/	(2.4	+	0)
	=	25.97

Ahsay Backup Software Development Co (HKSE:08290) 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.

Ahsay Backup Software Development Co Cash-to-Debt Related Terms

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Ahsay Backup Software Development Co (HKSE:08290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ahsay Backup Software Development Co Ltd (HKSE:08290) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 37 Wing Hong Street, 28th Floor, Ford Glory Plaza, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.ahsay.com.hk

Ahsay Backup Software Development Co Ltd is an investment holding company. It is engaged in the provision of online backup software solutions to clients via the internet. The company has two business segments. Online backup software and related services segment that provides software license sales and leasing, software upgrades and maintenance services, sales of hardware devices, and other services; and Information platform segment. The Online backup software and related services segment generate maximum revenue for the company. Geographically the company derives revenue from the United States and other countries.

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