Ashmore Group (Ashmore Group) Cash-to-Debt : 143.60 (As of Dec. 2023)

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What is Ashmore Group 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. Ashmore Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 143.60.

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

AJMPF' s Cash-to-Debt Range Over the Past 10 Years
Min: 62.08 Med: No Debt Max: No Debt
Current: 143.6

During the past 13 years, Ashmore Group's highest Cash to Debt Ratio was No Debt. The lowest was 62.08. And the median was No Debt.

AJMPF's Cash-to-Debt is ranked better than
61.4% of 1474 companies
in the Asset Management industry
Industry Median: 5.66 vs AJMPF: 143.60

Ashmore Group Cash-to-Debt Historical Data

The historical data trend for Ashmore Group'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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Ashmore Group Cash-to-Debt Chart

Ashmore Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

73.24

83.19

106.18

131.76

Ashmore Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															95.94	106.18	111.79	131.76	143.60

Competitive Comparison of Ashmore Group's Cash-to-Debt

For the Asset Management subindustry, Ashmore Group'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.

Ashmore Group's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ashmore Group's Cash-to-Debt distribution charts can be found below:

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

Ashmore Group 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.

Ashmore Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	965.025	/	(2.652	+	4.672)
	=	131.76

Ashmore Group'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)
	=	908.861	/	(2.532	+	3.797)
	=	143.60

Ashmore Group (OTCPK:AJMPF) 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.

Ashmore Group Cash-to-Debt Related Terms

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

Ashmore Group (Ashmore Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ashmore Group PLC (OTCPK:AJMPF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ASHMl:UK ASHM:UK A1B:Germany

Address

61 Aldwych, London, GBR, WC2B 4AE

Website

https://www.ashmoregroup.com/en-gb

Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to a global client base, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments.

Ashmore Group (Ashmore Group) Headlines

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