Aspire and Innovative Advertising (NSE:ASPIRE) Cash-to-Debt : 0.51 (As of Sep. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Aspire and Innovative Advertising 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. Aspire and Innovative Advertising's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.51.

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, Aspire and Innovative Advertising couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Aspire and Innovative Advertising's Cash-to-Debt or its related term are showing as below:

NSE:ASPIRE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 3.14 Max: 9.61
Current: 0.51

During the past 3 years, Aspire and Innovative Advertising's highest Cash to Debt Ratio was 9.61. The lowest was 0.51. And the median was 3.14.

NSE:ASPIRE's Cash-to-Debt is ranked better than
51.81% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs NSE:ASPIRE: 0.51

Aspire and Innovative Advertising Cash-to-Debt Historical Data

The historical data trend for Aspire and Innovative Advertising'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.

* Premium members only.

Aspire and Innovative Advertising Cash-to-Debt Chart

Aspire and Innovative Advertising Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

5.69

9.61

0.59

Aspire and Innovative Advertising Quarterly Data
	Mar21	Mar22	Mar23	Sep23
Cash-to-Debt	5.69	9.61	0.59	0.51

Competitive Comparison of Aspire and Innovative Advertising's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Aspire and Innovative Advertising'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.

Aspire and Innovative Advertising's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aspire and Innovative Advertising's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aspire and Innovative Advertising's Cash-to-Debt falls into.

Aspire and Innovative Advertising 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.

Aspire and Innovative Advertising's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	52.169	/	(42.752	+	45.401)
	=	0.59

Aspire and Innovative Advertising's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	59.486	/	(57.341	+	58.748)
	=	0.51

Aspire and Innovative Advertising (NSE:ASPIRE) 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.

Aspire and Innovative Advertising Cash-to-Debt Related Terms

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

Aspire and Innovative Advertising (NSE:ASPIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aspire and Innovative Advertising Ltd (NSE:ASPIRE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 52, Sector-44, Gurugram, HR, IND, 122003

Website

https://www.aspireinnovate.in

Aspire and Innovative Advertising Ltd is engaged in the business of trading range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. It provide one platform that bring multiple brands under one umbrella. It is an end-to-end solution company to help partners in Last Mile Delivery Services & Product Distribution and provide technical, operational, financial & after-sales services in the narrowest corner of India.

Aspire and Innovative Advertising (NSE:ASPIRE) Headlines

No Headlines