Asia Financial Holdings (Asia Financial Holdings) Cash-to-Debt : 763.35 (As of Dec. 2023)

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What is Asia Financial Holdings 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. Asia Financial Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 763.35.

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, Asia Financial Holdings 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 Asia Financial Holdings's Cash-to-Debt or its related term are showing as below:

AIFIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.42 Med: 25.5 Max: No Debt
Current: 763.33

During the past 13 years, Asia Financial Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 14.42. And the median was 25.50.

AIFIF's Cash-to-Debt is ranked better than
85.36% of 478 companies
in the Insurance industry
Industry Median: 1.87 vs AIFIF: 763.33

Asia Financial Holdings Cash-to-Debt Historical Data

The historical data trend for Asia Financial Holdings'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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Asia Financial Holdings Cash-to-Debt Chart

Asia Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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33.00

No Debt

661.52

464.87

763.35

Asia Financial Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															661.52	No Debt	464.87	No Debt	763.35

Competitive Comparison of Asia Financial Holdings's Cash-to-Debt

For the Insurance - Life subindustry, Asia Financial Holdings'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.

Asia Financial Holdings's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Asia Financial Holdings's Cash-to-Debt falls into.

Asia Financial Holdings Cash-to-Debt Calculation

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.

Asia Financial Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	369.459	/	(0	+	0.484)
	=	763.35

Asia Financial Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	369.459	/	(0	+	0.484)
	=	763.35

Asia Financial Holdings (GREY:AIFIF) 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.

Asia Financial Holdings Cash-to-Debt Related Terms

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Asia Financial Holdings (Asia Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Asia Financial Holdings Ltd (GREY:AIFIF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

00662:Hong Kong

Address

19 Des Voeux Road Central, 16th Floor, Worldwide House, Hong Kong, HKG

Website

https://www.afh.hk

Asia Financial Holdings Ltd operates in the financial services industry of Hong Kong. Its key offering is comprised of insurance products ranging from general insurance to life insurance, which is provided through its subsidiaries of China. The company's segment include the Insurance segment engages in the provision of the underwriting of general and life insurance; the Corporate segment engages in securities trading and holding and other businesses. Majority of the revenue is derived from Insurance segment. Its revenue is derived from operations carried out in Hong Kong, Macau and Mainland China.

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