Aberdeen Asia-Pacificome Investment Co (Aberdeen Asia-Pacificome Investment Co) Cash-to-Debt : 0.08 (As of Oct. 2023)

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What is Aberdeen Asia-Pacificome Investment 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. Aberdeen Asia-Pacificome Investment Co's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.08.

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, Aberdeen Asia-Pacificome Investment Co couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

The historical rank and industry rank for Aberdeen Asia-Pacificome Investment Co's Cash-to-Debt or its related term are showing as below:

ABAKF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.2
Current: 0.08

During the past 13 years, Aberdeen Asia-Pacificome Investment Co's highest Cash to Debt Ratio was 0.20. The lowest was 0.01. And the median was 0.09.

ABAKF's Cash-to-Debt is ranked worse than
85.37% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs ABAKF: 0.08

Aberdeen Asia-Pacificome Investment Co Cash-to-Debt Historical Data

The historical data trend for Aberdeen Asia-Pacificome Investment 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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Aberdeen Asia-Pacificome Investment Co Cash-to-Debt Chart

Aberdeen Asia-Pacificome Investment Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.14

0.10

0.19

0.02

0.08

Aberdeen Asia-Pacificome Investment Co Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.21	0.02	0.17	0.08

Competitive Comparison of Aberdeen Asia-Pacificome Investment Co's Cash-to-Debt

For the Asset Management subindustry, Aberdeen Asia-Pacificome Investment 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.

Aberdeen Asia-Pacificome Investment Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Aberdeen Asia-Pacificome Investment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aberdeen Asia-Pacificome Investment Co's Cash-to-Debt falls into.

Aberdeen Asia-Pacificome Investment 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.

Aberdeen Asia-Pacificome Investment Co's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	3.099	/	(0	+	40.091)
	=	0.08

Aberdeen Asia-Pacificome Investment Co's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	3.099	/	(0	+	40.091)
	=	0.08

Aberdeen Asia-Pacificome Investment Co (OTCPK:ABAKF) 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.

Aberdeen Asia-Pacificome Investment Co Cash-to-Debt Related Terms

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Aberdeen Asia-Pacificome Investment Co (Aberdeen Asia-Pacificome Investment Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aberdeen Asia-Pacific Income Investment Co Ltd (OTCPK:ABAKF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FAP:Canada

Address

21 Church Street, Number 01-01 Capital Square 2, Singapore, SGP, 049480

Website

http://www.aberdeenfap.com

Aberdeen Asia-Pacific Income Investment Co Ltd is a closed-ended investment company. Its investment objective is to obtain current income and may also achieve incidental capital appreciation. The Company seeks to obtain these objectives primarily from investment in long-term debt securities.