Asseco South Eastern Europe (WAR:ASE) Cash-to-Debt : 1.91 (As of Mar. 2024)

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What is Asseco South Eastern Europe 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. Asseco South Eastern Europe's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.91.

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, Asseco South Eastern Europe could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Asseco South Eastern Europe's Cash-to-Debt or its related term are showing as below:

WAR:ASE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 1.83 Max: 3.38
Current: 1.91

During the past 13 years, Asseco South Eastern Europe's highest Cash to Debt Ratio was 3.38. The lowest was 0.86. And the median was 1.83.

WAR:ASE's Cash-to-Debt is ranked worse than
54.21% of 2802 companies
in the Software industry
Industry Median: 2.51 vs WAR:ASE: 1.91

Asseco South Eastern Europe Cash-to-Debt Historical Data

The historical data trend for Asseco South Eastern Europe'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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Asseco South Eastern Europe Cash-to-Debt Chart

Asseco South Eastern Europe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.25

2.11

1.64

1.86

2.05

Asseco South Eastern Europe 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															2.04	2.09	1.73	2.05	1.91

Competitive Comparison of Asseco South Eastern Europe's Cash-to-Debt

For the Software - Application subindustry, Asseco South Eastern Europe'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.

Asseco South Eastern Europe's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Asseco South Eastern Europe's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Asseco South Eastern Europe's Cash-to-Debt falls into.

Asseco South Eastern Europe 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.

Asseco South Eastern Europe'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)
	=	314.228	/	(69.443	+	83.991)
	=	2.05

Asseco South Eastern Europe'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)
	=	260.795	/	(63.471	+	72.76)
	=	1.91

Asseco South Eastern Europe (WAR:ASE) 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.

Asseco South Eastern Europe Cash-to-Debt Related Terms

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Asseco South Eastern Europe (WAR:ASE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco South Eastern Europe SA (WAR:ASE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Branickiego 13, Warszawa, POL, 02-972

Website

http://www.asseco.com

Asseco South Eastern Europe SA along with its subsidiaries provides implementation, integration and outsourcing services. It conducts business operations in the markets of Poland, South Eastern Europe, and Turkey. Its business is divided into three operating segments. Banking Solutions segment deals with integrated banking systems based on the Oracle and Microsoft platforms, including primarily core banking systems. Payment Solutions is engaged in the sale and maintenance of ATMs and POS terminals (point of sale) as well as in the provision of related support services. Systems Integration segment is engaged in the development of customized IT systems, integration of third-party software and elements of infrastructure, as well as in the sale and installation of hardware solutions.

Asseco South Eastern Europe (WAR:ASE) Headlines

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