Ashot- Ashkelon Industries (XTAE:ASHO) Cash-to-Debt : 0.45 (As of Mar. 2024)

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What is Ashot- Ashkelon Industries 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. Ashot- Ashkelon Industries's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.45.

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, Ashot- Ashkelon Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XTAE:ASHO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.14 Max: 2.64
Current: 0.45

During the past 12 years, Ashot- Ashkelon Industries's highest Cash to Debt Ratio was 2.64. The lowest was 0.04. And the median was 0.14.

XTAE:ASHO's Cash-to-Debt is ranked worse than
57.74% of 310 companies
in the Aerospace & Defense industry
Industry Median: 0.68 vs XTAE:ASHO: 0.45

Ashot- Ashkelon Industries Cash-to-Debt Historical Data

The historical data trend for Ashot- Ashkelon Industries'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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Ashot- Ashkelon Industries Cash-to-Debt Chart

Ashot- Ashkelon Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.11

0.16

0.04

0.14

0.06

Ashot- Ashkelon Industries 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															0.14	0.15	0.11	0.06	0.45

Competitive Comparison of Ashot- Ashkelon Industries's Cash-to-Debt

For the Aerospace & Defense subindustry, Ashot- Ashkelon Industries'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.

Ashot- Ashkelon Industries's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Ashot- Ashkelon Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ashot- Ashkelon Industries's Cash-to-Debt falls into.

Ashot- Ashkelon Industries 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.

Ashot- Ashkelon Industries'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)
	=	4.969	/	(86.513	+	4.48)
	=	0.05

Ashot- Ashkelon Industries'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)
	=	22.036	/	(44.492	+	4.077)
	=	0.45

Ashot- Ashkelon Industries (XTAE:ASHO) 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.

Ashot- Ashkelon Industries Cash-to-Debt Related Terms

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

Ashot- Ashkelon Industries (XTAE:ASHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Ashot- Ashkelon Industries Ltd (XTAE:ASHO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Ezra Yessodi Street, P.O.B. 21, Ashkelon, ISR, 7810001

Website

http://www.ashot.co.il

Ashot- Ashkelon Industries Ltd produces metal products, aviation parts, armored combat vehicle systems, and heavy metal products. It supplies technologically advanced systems and components for the international aerospace, defense, automotive and other industries. The company's products include gears, transmissions, gearbox and long and short shafts for jet engines, landing gears components, tungsten-based products, among others.

Ashot- Ashkelon Industries (XTAE:ASHO) Headlines

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