Asia Dragon Trust (CHIX:DGNL) Cash-to-Debt : 0.13 (As of Feb. 2024)

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What is Asia Dragon Trust 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. Asia Dragon Trust's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.13.

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 Dragon Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

CHIX:DGNl' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.21 Max: 0.67
Current: 0.13

During the past 13 years, Asia Dragon Trust's highest Cash to Debt Ratio was 0.67. The lowest was 0.02. And the median was 0.21.

CHIX:DGNl's Cash-to-Debt is ranked worse than
81.12% of 1467 companies
in the Asset Management industry
Industry Median: 5.65 vs CHIX:DGNl: 0.13

Asia Dragon Trust Cash-to-Debt Historical Data

The historical data trend for Asia Dragon Trust'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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Asia Dragon Trust Cash-to-Debt Chart

Asia Dragon Trust Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.33

0.37

0.08

0.09

0.27

Asia Dragon Trust Quarterly Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.09	0.05	0.27	0.13

Competitive Comparison of Asia Dragon Trust's Cash-to-Debt

For the Asset Management subindustry, Asia Dragon Trust'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 Dragon Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Asia Dragon Trust's Cash-to-Debt falls into.

Asia Dragon Trust Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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 Dragon Trust's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	10.942	/	(0	+	39.992)
	=	0.27

Asia Dragon Trust's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	7.757	/	(0	+	59.521)
	=	0.13

Asia Dragon Trust (CHIX:DGNl) 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 Dragon Trust Cash-to-Debt Related Terms

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

Asia Dragon Trust (CHIX:DGNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Dragon Trust PLC (CHIX:DGNl) » Definitions » Cash-to-Debt

Comparable Companies

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DGN:UK

Address

1 George Street, Edinburgh, GBR, EH2 2LL

Website

https://www.asiadragontrust.co.uk

Asia Dragon Trust PLC is an investment trust located in the United Kingdom. The company's primary objective is to achieve long-term capital growth through investment in the Far East with the exception of Japan and Australasia. Its investments are in stock market principally in large companies whose shares are considered to be attractively priced. The company focuses on diversified investments in various sectors such as Aerospace & Defence, Banks, Automobiles, Construction Materials, Industrial Conglomerates, Real Estate Management & Development, Wireless Telecommunication Services and others. It measures the performance of its portfolio against MSCI All Country Asia (ex-Japan) Index.

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