ASASF (Asia Standard International Group) Cash-to-Debt: 0.23 (As of Sep. 2025) — 70% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASASF Asia Standard International Group Ltd ASASF
51 GF Score
Price $0.03
GF Value $0.20
! 6 Warning Signs
View Full Analysis

What is Asia Standard International Group Cash-to-Debt?

Asia Standard International Group ASASF 51 Cash-to-Debt is 0.23 as of Sep. 2025, which is 70% below its 10-year median of 0.77. GuruFocus rates ASASF with a GF Score™ of 51/100 and a GF Value™ of $0.20. The stock has 6 warning signs investors should review. Among 1,436 Asset Management companies, Asia Standard International Group ranks worse than 77.72% on this metric.

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. Asia Standard International Group's cash to debt ratio for the quarter that ended in Sep. 2025 was 0.23.

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, Asia Standard International Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2025.

The historical rank and industry rank for Asia Standard International Group's Cash-to-Debt or its related term are showing as below:

ASASF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13   Med: 0.77   Max: 1.08
Current: 0.18

During the past 13 years, Asia Standard International Group's highest Cash to Debt Ratio was 1.08. The lowest was 0.13. And the median was 0.77.

ASASF's Cash-to-Debt is ranked worse than
77.72% of 1436 companies
in the Asset Management industry
Industry Median: 4.915 vs ASASF: 0.18

Asia Standard International Group  (OTCPK:ASASF) 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.


Asia Standard International Group Cash-to-Debt Related Terms


Asia Standard International Group Cash-to-Debt Historical Data

* Premium members only.

The historical data trend for Asia Standard International 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.

Asia Standard International Group Cash-to-Debt Chart

Asia Standard International Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.42 0.18 0.13 0.18

Asia Standard International Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.15 0.13 0.23 0.18

ASASF vs BLK, BX, KKR: Cash-to-Debt Comparison

For the Asset Management subindustry, Asia Standard International 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.


Asia Standard International Group Cash-to-Debt vs Asset Management Industry

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

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


ASASF
51GF Score
Asia Standard International Group Ltd ASASF
Cash-to-Debt is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Standard International 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.

Asia Standard International Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2025 is calculated as:

Asia Standard International Group's Cash to Debt Ratio for the quarter that ended in Sep. 2025 is calculated as:

* 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.

Frequently Asked Questions Learn more about Cash-to-Debt →
What does a Cash-to-Debt of 0.23 mean?
Asia Standard International Group (ASASF) has a Cash-to-Debt of 0.23 as of Sep. 2025. This is 70% below median its historical median of 0.77. Over the past decade, Asia Standard International Group's Cash-to-Debt has ranged from 0.13 to 1.08. According to the industry distribution chart, Asia Standard International Group ranks #1116 out of 1436 companies in the Asset Management industry, placing it in the top 77.7%.
Is Asia Standard International Group's Cash-to-Debt too high?
Asia Standard International Group's current Cash-to-Debt of 0.23 is 70% below median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.08. The Asset Management industry median Cash-to-Debt is 4.92. Asia Standard International Group's value of 0.23 is 95.3% below this industry median. Based on the distribution chart, Asia Standard International Group ranks #1116 out of 1436 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Asia Standard International Group has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Asia Standard International Group's Cash-to-Debt compare to BLK and BX?
According to the Asset Management industry distribution chart, Asia Standard International Group ranks #1116 out of 1436 companies for Cash-to-Debt. This places Asia Standard International Group in the lower half of its industry. The industry median Cash-to-Debt is 4.92. Asia Standard International Group's value of 0.23 is 95.3% below this benchmark. Historically, Asia Standard International Group's own Cash-to-Debt has ranged from 0.13 to 1.08 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 4.92, Asia Standard International Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Asset Management company?
The median Cash-to-Debt among Asset Management companies is 4.92, based on 1,436 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asia Standard International Group's current Cash-to-Debt of 0.23 is 95.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median Cash-to-Debt is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Standard International Group's current Cash-to-Debt is 0.23, which is 70% below median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Standard International Group stock overvalued right now?
Asia Standard International Group (ASASF) has a current Cash-to-Debt of 0.23. The stock's GF Value™ is $0.20, compared to a current price of $0.03 — trading 85.6% below its estimated fair value. The current Cash-to-Debt is 0.23, which is 70% below median its 10-year median of 0.77 and 95.3% below the Asset Management industry median of 4.92. Asia Standard International Group's overall GF Score™ is 51/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Asia Standard International Group (ASASF), the current Cash-to-Debt is 0.23 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Asia Standard International Group (ASASF) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Standard International Group stock appears to be undervalued. The current stock price of $0.03 is trading 85.6% below its estimated GF Value™ of $0.20.

Key valuation signals for ASASF:

  • Cash-to-Debt: 0.23 (70% below median its 10-year median of 0.77)
  • GF Value™: $0.20 vs. price of $0.03 (85.6% below fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 95.3% below the Asset Management median (#1116 of 1436)

No single metric tells the full story. See the ASASF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Standard International Group Business Description

Other Exchanges 00129:Hong KongBDL1:Germany
Address 33 Lockhart Road, 30th Floor, YF Life Tower, Wanchai, Hong Kong, HKG
Asia Standard International Group Ltd is an investment holding company. The company is principally engaged in developing and investing properties in location in Hong Kong, first-tier cities in China and Vancouver, Canada, and has established a well diversified business model across four main operating segments - property sales, property leasing, hotel operation and financial investments. The majority of its revenue is derived from the Financial Investments segment.
51GF Score

Get the complete analysis for ASASF

Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.03
Price
$0.20
GF Value