abrdn Asia-Pacificome Fund VCC (TSX:FAP) Cash-to-Debt : 0.08 (As of Oct. 2023)

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What is abrdn Asia-Pacificome Fund VCC 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. abrdn Asia-Pacificome Fund VCC's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.08.

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, abrdn Asia-Pacificome Fund VCC couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

The historical rank and industry rank for abrdn Asia-Pacificome Fund VCC's Cash-to-Debt or its related term are showing as below:

TSX:FAP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.2
Current: 0.08

During the past 13 years, abrdn Asia-Pacificome Fund VCC's highest Cash to Debt Ratio was 0.20. The lowest was 0.01. And the median was 0.09.

TSX:FAP's Cash-to-Debt is ranked worse than
85.42% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs TSX:FAP: 0.08

abrdn Asia-Pacificome Fund VCC Cash-to-Debt Historical Data

The historical data trend for abrdn Asia-Pacificome Fund VCC'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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abrdn Asia-Pacificome Fund VCC Cash-to-Debt Chart

abrdn Asia-Pacificome Fund VCC Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.14

0.10

0.19

0.02

0.08

abrdn Asia-Pacificome Fund VCC Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.21	0.02	0.17	0.08

Competitive Comparison of abrdn Asia-Pacificome Fund VCC's Cash-to-Debt

For the Asset Management subindustry, abrdn Asia-Pacificome Fund VCC'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.

abrdn Asia-Pacificome Fund VCC's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, abrdn Asia-Pacificome Fund VCC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where abrdn Asia-Pacificome Fund VCC's Cash-to-Debt falls into.

abrdn Asia-Pacificome Fund VCC Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

abrdn Asia-Pacificome Fund VCC's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4.249	/	(0	+	54.973)
	=	0.08

abrdn Asia-Pacificome Fund VCC's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4.249	/	(0	+	54.973)
	=	0.08

abrdn Asia-Pacificome Fund VCC (TSX:FAP) 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.

abrdn Asia-Pacificome Fund VCC Cash-to-Debt Related Terms

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

abrdn Asia-Pacificome Fund VCC (TSX:FAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Asia-Pacific Income Fund VCC (TSX:FAP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Church Street, Number 01-01 Capital Square 2, Singapore, SGP, 049480

Website

http://www.aberdeenfap.com

Aberdeen Asia-Pacific Income Investment Co Ltd is a closed-ended investment company. Its investment objective is to obtain current income and may also achieve incidental capital appreciation. The Company seeks to obtain these objectives primarily from investment in long-term debt securities.

abrdn Asia-Pacificome Fund VCC (TSX:FAP) Headlines

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