Able View Global (Able View Global) Cash-to-Debt : 2.87 (As of Dec. 2023)

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What is Able View Global 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. Able View Global's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.87.

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, Able View Global 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 Able View Global's Cash-to-Debt or its related term are showing as below:

ABLV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 1.59 Max: 2.87
Current: 2.87

During the past 4 years, Able View Global's highest Cash to Debt Ratio was 2.87. The lowest was 0.36. And the median was 1.59.

ABLV's Cash-to-Debt is ranked better than
61.83% of 1019 companies
in the Media - Diversified industry
Industry Median: 1.25 vs ABLV: 2.87

Able View Global Cash-to-Debt Historical Data

The historical data trend for Able View Global'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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Able View Global Cash-to-Debt Chart

Able View Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.30

1.89

0.36

2.87

Able View Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			1.89	0.34	0.36	0.51	2.87

Competitive Comparison of Able View Global's Cash-to-Debt

For the Advertising Agencies subindustry, Able View Global'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.

Able View Global's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Able View Global's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Able View Global's Cash-to-Debt falls into.

Able View Global 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.

Able View Global'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)
	=	13.328	/	(3.646	+	1.004)
	=	2.87

Able View Global'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)
	=	13.328	/	(3.646	+	1.004)
	=	2.87

Able View Global (NAS:ABLV) 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.

Able View Global Cash-to-Debt Related Terms

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Able View Global (Able View Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Able View Global Inc (NAS:ABLV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Middle Xizang Road, Floor 16, Dushi Headquarters Building, Shanghai, CHN, 200001

Website

Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various global brand owners to Chinese consumers.

Able View Global (Able View Global) Headlines

From GuruFocus

Able View Global Inc. Reports Fiscal Year 2023 Results

By ACCESSWIRE • 05-01-2024