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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. ASA Gold And Precious Metals's cash to debt ratio for the quarter that ended in Nov. 2023 was No Debt (1).
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, ASA Gold And Precious Metals could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.
(1) 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.
The historical rank and industry rank for ASA Gold And Precious Metals's Cash-to-Debt or its related term are showing as below:
During the past 8 years, ASA Gold And Precious Metals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.
The historical data trend for ASA Gold And Precious Metals'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.
ASA Gold And Precious Metals Annual Data | |||||||||||||||||
Trend | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||
Cash-to-Debt | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
ASA Gold And Precious Metals Semi-Annual Data | |||||||||||||||
Nov16 | May17 | Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | |
Cash-to-Debt | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
For the Asset Management subindustry, ASA Gold And Precious Metals'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.
For the Asset Management industry and Financial Services sector, ASA Gold And Precious Metals's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where ASA Gold And Precious Metals's Cash-to-Debt falls into.
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.
ASA Gold And Precious Metals's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:
ASA Gold And Precious Metals had no debt (1).
ASA Gold And Precious Metals's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:
ASA Gold And Precious Metals had no debt (1).
* 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.
ASA Gold And Precious Metals (NYSE:ASA) 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.
Thank you for viewing the detailed overview of ASA Gold And Precious Metals's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Joan Hoene | director | 400 S EL CAMINO REAL, STE 710, SAN MATEO CA 94402 |
Alexander Merk | officer: COO | 44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104 |
Bruce D Hansen | director | 1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Nancy J. Tyminski | other: Deputy CCO | 3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101 |
William Donovan | director | 100 VISTA CIRCLE, APARTMENT 315, PITTSBURGH PA 15238 |
James E Holman | other: Analyst, Merk Investments, LLC | THREE CANAL PLAZA, SUITE 600, PORTLAND ME 04101 |
Peter Maletis | officer: President | 44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104 |
Anthony J. Artabane | director | 4 LITTLE KINGS LANE, RYE BROOK NY 10573 |
Zachary R Tackett | officer: Secretary | 77 CONGRESS STREET, APT. #1, PORTLAND ME 04101 |
Gino E Malaspina | officer: Secretary | 3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101 |
Karen Shaw | officer: PFO | 3 BUNKER HILL TERRACE, SCARBOROUGH ME 04074 |
David J Christensen | officer: Vice President - Investments | 400 S. EL CAMINO REAL, SUITE 710, SAN MATEO CA 94402 |
Danielle Kulp | officer: Secretary and Deputy CCO | 1409 KUTZ DRIVE, POTTSTOWN PA 19465 |
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