Asana (ASAN) Cash-to-Debt : 1.87 (As of Jan. 2024)

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What is Asana 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. Asana's cash to debt ratio for the quarter that ended in Jan. 2024 was 1.87.

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, Asana could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

ASAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66 Med: 1.71 Max: No Debt
Current: 1.87

During the past 6 years, Asana's highest Cash to Debt Ratio was No Debt. The lowest was 0.66. And the median was 1.71.

ASAN's Cash-to-Debt is ranked worse than
54.51% of 2708 companies
in the Software industry
Industry Median: 2.47 vs ASAN: 1.87

Asana Cash-to-Debt Historical Data

The historical data trend for Asana'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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Asana Cash-to-Debt Chart

Asana Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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1.56

0.66

1.22

1.95

1.87

Asana Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.95	1.81	1.89	1.88	1.87

Competitive Comparison of Asana's Cash-to-Debt

For the Software - Application subindustry, Asana'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.

Asana's Cash-to-Debt Distribution in the Software Industry

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

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

Asana 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.

Asana's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	519.464	/	(19.179	+	258.702)
	=	1.87

Asana's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	519.464	/	(19.179	+	258.702)
	=	1.87

Asana (NYSE:ASAN) 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.

Asana Cash-to-Debt Related Terms

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Asana (ASAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asana Inc (NYSE:ASAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

A6N:Germany A6N:Germany

Address

633 Folsom Street, Suite 100, San Francisco, CA, USA, 94107

Website

https://www.asana.com

Asana is a provider of collaborative work management software delivered via a cloud-based SaaS model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases, including marketing programs, managing IT approvals, and performance management. Asana's offering supports workflow management across teams, provides real time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per seat basis.

Executives

Tim M Wan	officer: Chief Financial Officer	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Eleanor B Lacey	officer: GC, Corporate Secretary	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Anne Raimondi	director	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Dustin A. Moskovitz	director, 10 percent owner, officer: President, CEO, & Chair	P.O. BOX 2929, SAN FRANCISCO CA 94126
Lorrie M Norrington	director	C/O EBAY INC., 2145 HAMILTON AVENUE, SAN JOSE CA 95125
Justin Rosenstein	director, 10 percent owner	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Krista Anderson-copperman	director	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Amit K. Singh	director	3000 TANNERY WAY, SANTA CLARA CA 95054
Chris Farinacci	officer: Chief Operating Officer	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Andrew Lindsay	director	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Steven M Spurlock	10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Benchmark Capital Management Co. Vi, L.l.c.	10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Generation Im Climate Solutions Fund Ii, L.p.	10 percent owner	PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Founders Fund Iv Management, Llc	10 percent owner	ONE LETTERMAN DRIVE, BUILDING D, SUITE 500, SAN FRANCISCO CA 94129
Matt Cohler	director, 10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025