ASA Gold And Precious Metals (ASA Gold And Precious Metals) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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What is ASA Gold And Precious Metals 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. 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:

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

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.

ASA's Cash-to-Debt is ranked better than
99.93% of 1475 companies
in the Asset Management industry
Industry Median: 5.39 vs ASA: No Debt

ASA Gold And Precious Metals Cash-to-Debt Historical Data

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.

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ASA Gold And Precious Metals Cash-to-Debt Chart

ASA Gold And Precious Metals Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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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

Competitive Comparison of ASA Gold And Precious Metals's Cash-to-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.

ASA Gold And Precious Metals's Cash-to-Debt Distribution in the Asset Management Industry

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.

ASA Gold And Precious Metals 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.

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⁾.

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.

ASA Gold And Precious Metals Cash-to-Debt Related Terms

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.

ASA Gold And Precious Metals (ASA Gold And Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ASA Gold And Precious Metals Ltd (NYSE:ASA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Three Canal Plaza, Suite 600, Portland, ME, USA, 04101

Website

https://www.asaltd.com

ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.

Executives

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