A-Sonic Aerospace (SGX:BTJ) Cash-to-Debt : 27.87 (As of Dec. 2023)

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What is A-Sonic Aerospace 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. A-Sonic Aerospace's cash to debt ratio for the quarter that ended in Dec. 2023 was 27.87.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, A-Sonic Aerospace could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for A-Sonic Aerospace's Cash-to-Debt or its related term are showing as below:

SGX:BTJ' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.09 Med: 4.32 Max: 27.87
Current: 27.87

During the past 13 years, A-Sonic Aerospace's highest Cash to Debt Ratio was 27.87. The lowest was 2.09. And the median was 4.32.

SGX:BTJ's Cash-to-Debt is ranked better than
92.9% of 958 companies
in the Transportation industry
Industry Median: 0.48 vs SGX:BTJ: 27.87

A-Sonic Aerospace Cash-to-Debt Historical Data

The historical data trend for A-Sonic Aerospace'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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A-Sonic Aerospace Cash-to-Debt Chart

A-Sonic Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.14

11.29

26.59

22.67

27.87

A-Sonic Aerospace Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															26.59	22.72	22.67	18.88	27.87

Competitive Comparison of A-Sonic Aerospace's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, A-Sonic Aerospace'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.

A-Sonic Aerospace's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A-Sonic Aerospace's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where A-Sonic Aerospace's Cash-to-Debt falls into.

A-Sonic Aerospace 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.

A-Sonic Aerospace's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	63.372	/	(1.083	+	1.191)
	=	27.87

A-Sonic Aerospace's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	63.372	/	(1.083	+	1.191)
	=	27.87

A-Sonic Aerospace (SGX:BTJ) 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.

A-Sonic Aerospace Cash-to-Debt Related Terms

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A-Sonic Aerospace (SGX:BTJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A-Sonic Aerospace Ltd (SGX:BTJ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ASNCF:USA

Address

10 Anson Road, No. 24-07, International Plaza, Singapore, SGP, 079903

Website

https://www.asonic-aerospace.com

A-Sonic Aerospace Ltd is engaged in providing supply chain management services. The company provides domestic multi-modal transportation, warehousing, distribution, customs clearance, and airport ground services. Its business is divided into two segments namely Aviation which includes aircraft systems and components to airlines and aviation maintenance repair organizations, and Logistics that includes services like Airside Logistics and Transportation, Air Cargo Management and Logistics and Supply Chain Management Services. It generates a majority of its revenue from the Logistics Segment. Geographically, the company gets a majority of its share of the revenue from The People's Republic of China.

A-Sonic Aerospace (SGX:BTJ) Headlines

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