Aster DM Healthcare (NSE:ASTERDM) Cash-to-Debt : N/A (As of Dec. 2023)

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What is Aster DM Healthcare 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. Aster DM Healthcare's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

The historical rank and industry rank for Aster DM Healthcare's Cash-to-Debt or its related term are showing as below:

NSE:ASTERDM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.62
Current: 0.11

During the past 9 years, Aster DM Healthcare's highest Cash to Debt Ratio was 0.62. The lowest was 0.03. And the median was 0.09.

NSE:ASTERDM's Cash-to-Debt is ranked worse than
80.73% of 659 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs NSE:ASTERDM: 0.11

Aster DM Healthcare Cash-to-Debt Historical Data

The historical data trend for Aster DM Healthcare'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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Aster DM Healthcare Cash-to-Debt Chart

Aster DM Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.09

0.03

0.07

0.09

0.11

Aster DM Healthcare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.11	N/A	0.11	N/A

Competitive Comparison of Aster DM Healthcare's Cash-to-Debt

For the Medical Care Facilities subindustry, Aster DM Healthcare'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.

Aster DM Healthcare's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Aster DM Healthcare's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aster DM Healthcare's Cash-to-Debt falls into.

Aster DM Healthcare 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.

Aster DM Healthcare'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)
	=	6286.4	/	(12335.9	+	44667.1)
	=	0.11

Aster DM Healthcare's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Aster DM Healthcare (NSE:ASTERDM) 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.

Aster DM Healthcare Cash-to-Debt Related Terms

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Aster DM Healthcare (NSE:ASTERDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aster DM Healthcare Ltd (NSE:ASTERDM) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

540975:India

Address

33rd Floor, Tower-D, Aspect Towers, Executive Tower at Bay Avenue, P.O. Box 8703, Business Bay, Dubai, ARE

Website

https://www.asterdmhealthcare.com

Aster DM Healthcare Ltd is an India-based company that engages in the provision of healthcare solutions. The company operates in multiple business divisions of the healthcare industry, including hospitals, clinics, and retail pharmacies and provides health care services to patients across economic segments in several GCC states through various brands Aster, Medcare and Access. Its segments are Hospitals, Clinics, Retail pharmacies and others, of which key revenue is derived from the Hospitals segment The company conducts operations in all GCC states, comprising of United Arab Emirates, Qatar, Oman, Kingdom of Saudi Arabia, Jordan, Kuwait and Bahrain; India, and UAE.

Aster DM Healthcare (NSE:ASTERDM) Headlines

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