Asseco Poland (Asseco Poland) Cash-to-Debt : 0.80 (As of Dec. 2023)

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What is Asseco Poland 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 Poland's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.80.

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, Asseco Poland 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 Asseco Poland's Cash-to-Debt or its related term are showing as below:

ASOZF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.8 Med: 1.04 Max: 1.59
Current: 0.8

During the past 13 years, Asseco Poland's highest Cash to Debt Ratio was 1.59. The lowest was 0.80. And the median was 1.04.

ASOZF's Cash-to-Debt is ranked worse than
68.23% of 2792 companies
in the Software industry
Industry Median: 2.44 vs ASOZF: 0.80

Asseco Poland Cash-to-Debt Historical Data

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

Asseco Poland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.86

1.02

0.93

0.95

0.80

Asseco Poland 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															0.95	0.94	2.37	0.13	0.80

Competitive Comparison of Asseco Poland's Cash-to-Debt

For the Software - Application subindustry, Asseco Poland'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 Poland's Cash-to-Debt Distribution in the Software Industry

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

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

Asseco Poland 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 Poland'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)
	=	816.604	/	(331.117	+	684.266)
	=	0.80

Asseco Poland'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)
	=	816.604	/	(331.117	+	684.266)
	=	0.80

Asseco Poland (OTCPK:ASOZF) 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 Poland Cash-to-Debt Related Terms

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

Asseco Poland (Asseco Poland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Poland SA (OTCPK:ASOZF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ACP:Poland SFB1:Germany

Address

14 Olchowa Street, Rzeszow, POL, 35-322

Website

http://www.asseco.pl

Asseco Poland SA is the Polish subsidiary of the multinational Asseco Group, which has a presence in Europe and Israel. The firm develops sector-specific software for banking and finance, and executes large IT projects for healthcare, insurance, and other sectors in public administration. Asseco's flagship product for the banking sector is the comprehensive IT suite def3000, used by financial institutions in Poland. The firm also provides IT consulting, systems integration, and implementation services for large and midsize industrial enterprises. A large majority of the firm's revenue is generated through proprietary software licenses from Polish institutions.

Asseco Poland (Asseco Poland) Headlines

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