ASA International Group (LSE:ASAI) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is ASA International Group 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. ASA International Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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 Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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: 0.25

During the past 9 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
50.4% of 504 companies
in the Credit Services industry
Industry Median: 0.23 vs LSE:ASAI: 0.25

ASA International Group Cash-to-Debt Historical Data

The historical data trend for ASA 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.

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ASA International Group Cash-to-Debt Chart

ASA International Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

0.36

0.35

0.26

0.25

ASA International Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.35	0.44	0.26	0.20	0.25

Competitive Comparison of ASA International Group's Cash-to-Debt

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's Cash-to-Debt Distribution in the 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.

ASA International Group 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.

ASA International Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	54.91	/	(0	+	218.58)
	=	0.25

ASA International Group's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	54.91	/	(0	+	218.58)
	=	0.25

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

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

ASA International Group (LSE:ASAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » ASA International Group PLC (LSE:ASAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ASAIl:UK

Address

Bir Uttam A.N.M. Nuruzzaman Sarak, ASA Tower, 12th Floor 23/3, Shyamoli, Dhaka, BGD, 1207

Website

https://www.asa-international.com

ASA International Group PLC is an international micro-finance institution, which 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. The majority is from the West Africa.

ASA International Group (LSE:ASAI) Headlines

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