Ares International (TPE:2471) Cash-to-Debt : 54.52 (As of Mar. 2024)

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What is Ares International 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. Ares International's cash to debt ratio for the quarter that ended in Mar. 2024 was 54.52.

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, Ares International could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TPE:2471' s Cash-to-Debt Range Over the Past 10 Years
Min: 24.49 Med: 176.91 Max: 56711.17
Current: 54.52

During the past 13 years, Ares International's highest Cash to Debt Ratio was 56711.17. The lowest was 24.49. And the median was 176.91.

TPE:2471's Cash-to-Debt is ranked better than
82.35% of 2725 companies
in the Software industry
Industry Median: 2.49 vs TPE:2471: 54.52

Ares International Cash-to-Debt Historical Data

The historical data trend for Ares International'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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Ares International Cash-to-Debt Chart

Ares International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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45.02

226.13

39.39

127.69

57.07

Ares International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															28.58	36.73	42.40	57.07	54.52

Competitive Comparison of Ares International's Cash-to-Debt

For the Information Technology Services subindustry, Ares International'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.

Ares International's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Ares International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ares International's Cash-to-Debt falls into.

Ares International 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.

Ares International'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)
	=	950.466	/	(14.939	+	1.716)
	=	57.07

Ares International's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	907.688	/	(13.293	+	3.357)
	=	54.52

Ares International (TPE:2471) 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.

Ares International Cash-to-Debt Related Terms

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

Ares International (TPE:2471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ares International Corp (TPE:2471) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan North Road, Shuanglian Building-3rd Floor, No. 111, Section 2, Taipei, TWN

Website

https://www.ares.com.tw

Ares International Corp is Taiwan based company. The company is engaged in the design, sales, lease, maintenance and technology consultation of computer equipment, internet and related software, and analysis, design, modification, installment and maintenance of application software. The major geographical regions in which the company operates are Asia, Taiwan, America and Others.

Ares International (TPE:2471) Headlines

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