Advanced Share Registry (ASX:ASW) Cash-to-Debt : 18.27 (As of Jun. 2023)

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What is Advanced Share Registry 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. Advanced Share Registry's cash to debt ratio for the quarter that ended in Jun. 2023 was 18.27.

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, Advanced Share Registry could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Advanced Share Registry's Cash-to-Debt or its related term are showing as below:

ASX:ASW' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.63 Med: No Debt Max: No Debt
Current: 18.27

During the past 13 years, Advanced Share Registry's highest Cash to Debt Ratio was No Debt. The lowest was 10.63. And the median was No Debt.

ASX:ASW's Cash-to-Debt is not ranked
in the Capital Markets industry.
Industry Median: 1.96 vs ASX:ASW: 18.27

Advanced Share Registry Cash-to-Debt Historical Data

The historical data trend for Advanced Share Registry'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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Advanced Share Registry Cash-to-Debt Chart

Advanced Share Registry Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

10.63

18.27

Advanced Share Registry Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	9.69	10.63	12.12	18.27

Competitive Comparison of Advanced Share Registry's Cash-to-Debt

For the Capital Markets subindustry, Advanced Share Registry'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.

Advanced Share Registry's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Advanced Share Registry's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Advanced Share Registry's Cash-to-Debt falls into.

Advanced Share Registry 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.

Advanced Share Registry'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)
	=	3.726	/	(0.204	+	0)
	=	18.26

Advanced Share Registry's Cash to Debt Ratio for the quarter 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)
	=	3.726	/	(0.204	+	0)
	=	18.26

Advanced Share Registry (ASX:ASW) 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.

Advanced Share Registry Cash-to-Debt Related Terms

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

Advanced Share Registry (ASX:ASW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Advanced Share Registry Ltd (ASX:ASW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Stirling Highway, Nedlands, Perth, WA, AUS, 6009

Website

https://www.advancedshare.com.au

Advanced Share Registry Ltd is an Australia-based company engages in the share registry business. The company provides registry services to listed and unlisted clients on a state and national basis. It has two operating segments: Share registrar services and Property Investment. The company generates maximum revenue from the Share registrar services segment.

Advanced Share Registry (ASX:ASW) Headlines

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