Aso International (TSE:9340) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Aso International 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. Aso International's cash to debt ratio for the quarter that ended in Dec. 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, Aso International could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Aso International's Cash-to-Debt or its related term are showing as below:

TSE:9340' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.01 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Aso International's highest Cash to Debt Ratio was No Debt. The lowest was 4.01. And the median was No Debt.

TSE:9340's Cash-to-Debt is ranked better than
99.65% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs TSE:9340: No Debt

Aso International Cash-to-Debt Historical Data

The historical data trend for Aso International'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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Aso International Cash-to-Debt Chart

Aso International Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

4.01

4.31

No Debt

Aso International Quarterly Data
	Jun21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Aso International's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Aso International'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.

Aso International's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Aso International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aso International's Cash-to-Debt falls into.

Aso International 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.

Aso International's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Aso International had no debt ⁽¹⁾.

Aso International's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Aso International had no debt ⁽¹⁾.

Aso International (TSE:9340) 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.

Aso International Cash-to-Debt Related Terms

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

Aso International (TSE:9340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aso International Inc (TSE:9340) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-11-8 Ginza, Chuo-ku, No. 22 Chuo Building, 3rd FLoor, Tokyo, JPN, 104-0061

Website

http://www.aso-inter.co.jp

Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances.

Aso International (TSE:9340) Headlines

No Headlines

Aso International (TSE:9340) Cash-to-Debt : No Debt (1) (As of Dec. 2023)