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.
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.
ASA International GroupLSE:ASAI -1.26%81 Cash-to-Debt is 0.29 as of Dec. 2025, which is 7% above its 10-year median of 0.27. GuruFocus rates LSE:ASAI with a GF Score™ of 81/100 and a GF Value™ of £1.50 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 515 Credit Services companies, ASA International Group ranks better than 58.06% 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. ASA International Group's cash to debt ratio for the quarter that ended in Dec. 2025 was 0.29.
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, ASA International Groupcouldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for ASA International Group's Cash-to-Debt or its related term are showing as below:
LSE:ASAI'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.27 Max: 0.36
Current: 0.29
During the past 11 years, ASA International Group's highest Cash to Debt Ratio was 0.36. The lowest was 0.25. And the median was 0.27.
LSE:ASAI's Cash-to-Debt is ranked better than 58.06% of 515
companies
in the Credit Services industry
Industry Median: 0.19
vs LSE:ASAI: 0.29
ASA International Group (LSE:ASAI) 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.
ASA International Group Cash-to-Debt Related Terms
ASA International Group Cash-to-Debt Historical Data
* 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.
For the Credit Services subindustry, ASA 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.
ASA International Group Cash-to-Debt vs Credit Services Industry
For the Credit Services industry and Financial Services sector, ASA International Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where ASA International Group's Cash-to-Debt falls into.
* 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.
ASA International Group (LSE:ASAI) has a Cash-to-Debt of 0.29 as of Dec. 2025. This is near median its historical median of 0.27. Over the past decade, ASA International Group's Cash-to-Debt has ranged from 0.25 to 0.36. According to the industry distribution chart, ASA International Group ranks #216 out of 515 companies in the Credit Services industry, placing it in the top 41.9%.
Is ASA International Group's Cash-to-Debt too high?
ASA International Group's current Cash-to-Debt of 0.29 is near median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.36. The Credit Services industry median Cash-to-Debt is 0.19. ASA International Group's value of 0.29 is 52.6% above this industry median. Based on the distribution chart, ASA International Group ranks #216 out of 515 companies in the Credit Services industry, which is above the industry midpoint. Overall, ASA International Group has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASA International Group's Cash-to-Debt compare to V and MA?
According to the Credit Services industry distribution chart, ASA International Group ranks #216 out of 515 companies for Cash-to-Debt. This puts ASA International Group in the upper half of its industry. The industry median Cash-to-Debt is 0.19. ASA International Group's value of 0.29 is 52.6% above this benchmark. Historically, ASA International Group's own Cash-to-Debt has ranged from 0.25 to 0.36 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.19, ASA International Group has consistently been above 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 a Credit Services company?
The median Cash-to-Debt among Credit Services companies is 0.19, based on 515 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. ASA International Group's current Cash-to-Debt of 0.29 is 52.6% above 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 Credit Services industry, the median Cash-to-Debt is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASA International Group's current Cash-to-Debt is 0.29, which is near median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASA International Group stock overvalued right now?
Based on GuruFocus' analysis, ASA International Group (LSE:ASAI) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.50, compared to a current price of £2.35 — trading 56.7% above its estimated fair value. The current Cash-to-Debt is 0.29, which is near median its 10-year median of 0.27 and 52.6% above the Credit Services industry median of 0.19. ASA International Group's overall GF Score™ is 81/100 with 3 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 ASA International Group (LSE:ASAI), the current Cash-to-Debt is 0.29 as of Dec. 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 ASA International Group (LSE:ASAI) Overvalued in 2026?
Based on GuruFocus' analysis, ASA International Group stock appears to be overvalued.
The current stock price of £2.35 is trading 56.7% above its estimated GF Value™ of £1.50.
GuruFocus considers ASA International Group to be Significantly Overvalued.
Key valuation signals for LSE:ASAI:
Cash-to-Debt: 0.29 (near median its 10-year median of 0.27)
GF Value™: £1.50 vs. price of £2.35 (56.7% above fair value)
Industry Position: 52.6% above the Credit Services median (#216 of 515)
No single metric tells the full story. See the LSE:ASAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASA International Group PLC is an international micro-finance institution that aims to enhance financial inclusion among low-income populations throughout Asia and Africa. Its geographical segments include West Africa, which includes Ghana, Nigeria, Sierra Leone; East Africa, which includes Kenya, Uganda, Tanzania, Rwanda; South Asia, which includes India, Pakistan, Sri Lanka; South East Asia, which includes Myanmar, Philippines, and Holding & other non-operating entities, which includes holding entities and other entities without microfinance activities.
81GF Score
Get the complete analysis for LSE:ASAI
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:ASAI has been successfully added to your 
