ASN Broker PCL (BKK:ASN) Cash-to-Debt : 0.18 (As of Mar. 2024)

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What is ASN Broker PCL 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. ASN Broker PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.18.

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, ASN Broker PCL 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 ASN Broker PCL's Cash-to-Debt or its related term are showing as below:

BKK:ASN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 5.91 Max: No Debt
Current: 0.18

During the past 9 years, ASN Broker PCL's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 5.91.

BKK:ASN's Cash-to-Debt is ranked worse than
90.82% of 490 companies
in the Insurance industry
Industry Median: 1.84 vs BKK:ASN: 0.18

ASN Broker PCL Cash-to-Debt Historical Data

The historical data trend for ASN Broker PCL'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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ASN Broker PCL Cash-to-Debt Chart

ASN Broker PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

5.14

0.94

0.40

0.14

ASN Broker PCL 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															0.30	0.22	0.13	0.14	0.18

Competitive Comparison of ASN Broker PCL's Cash-to-Debt

For the Insurance Brokers subindustry, ASN Broker PCL'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.

ASN Broker PCL's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ASN Broker PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ASN Broker PCL's Cash-to-Debt falls into.

ASN Broker PCL 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.

ASN Broker PCL'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)
	=	27.796	/	(204.374	+	1.836)
	=	0.13

ASN Broker PCL'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)
	=	37.699	/	(204.455	+	0.817)
	=	0.18

ASN Broker PCL (BKK:ASN) 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.

ASN Broker PCL Cash-to-Debt Related Terms

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

ASN Broker PCL (BKK:ASN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ASN Broker PCL (BKK:ASN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phaholyothin Road, 388 IBM Tower, 16th Floor, Zone B, Samsennai, Phayathai, Bangkok, THA, 10400

Website

https://www.asnbroker.co.th

ASN Broker PCL is a Thailand-based company engaged in providing loans and non-life insurance broker activity. The company operates in the segments of Insurance broker; Loan and Peer-to-peer Lending. The company derives key revenue from the insurance broker segment which provides non-life insurance broker and life insurance broker services. The loan segment provides lending services through the peer-to-peer lending platform and personal loans. The group operates in Thailand only.

ASN Broker PCL (BKK:ASN) Headlines

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