abrdn Asia Focus (LSE:AAS) Cash-to-Debt : 0.27 (As of Jan. 2024)

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What is abrdn Asia Focus 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. abrdn Asia Focus's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.27.

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, abrdn Asia Focus couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

LSE:AAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.17 Max: 0.31
Current: 0.27

During the past 13 years, abrdn Asia Focus's highest Cash to Debt Ratio was 0.31. The lowest was 0.03. And the median was 0.17.

LSE:AAS's Cash-to-Debt is ranked worse than
74.01% of 1470 companies
in the Asset Management industry
Industry Median: 6 vs LSE:AAS: 0.27

abrdn Asia Focus Cash-to-Debt Historical Data

The historical data trend for abrdn Asia Focus'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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abrdn Asia Focus Cash-to-Debt Chart

abrdn Asia Focus Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.18

0.23

0.22

0.14

0.09

abrdn Asia Focus Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.14	0.03	0.09	0.27

Competitive Comparison of abrdn Asia Focus's Cash-to-Debt

For the Asset Management subindustry, abrdn Asia Focus'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.

abrdn Asia Focus's Cash-to-Debt Distribution in the Asset Management Industry

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

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

abrdn Asia Focus 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.

abrdn Asia Focus's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	5.807	/	(0	+	66.073)
	=	0.09

abrdn Asia Focus's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	17.812	/	(0	+	66.178)
	=	0.27

abrdn Asia Focus (LSE:AAS) 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.

abrdn Asia Focus Cash-to-Debt Related Terms

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

abrdn Asia Focus (LSE:AAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Asia Focus PLC (LSE:AAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AASl:UK

Address

280 Bishopsgate, London, GBR, EC2M 4AG

Website

https://www.asia-focus.co.uk

abrdn Asia Focus PLC, formerly Aberdeen Standard Asia Focus PLC is a United Kingdom-based investment trust. Its investment objective is to maximize total return to shareholders over the long term from a portfolio of smaller quoted companies in the economies of Asia and Australasia, excluding Japan. The company uses gearing selectively to leverage its portfolio in order to enhance returns. It aims to achieve a spread of investments, with no single investment representing more than 15% of assets at the time of investment. The company seeks to diversify its portfolio across a range of industries and economies within the investment region.

abrdn Asia Focus (LSE:AAS) Headlines

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