Asian Sea PCL (BKK:ASIAN) Cash-to-Debt : 2.70 (As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Asian Sea PCL 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. Asian Sea PCL's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.70.

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, Asian Sea PCL 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 Asian Sea PCL's Cash-to-Debt or its related term are showing as below:

BKK:ASIAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 2.7
Current: 2.7

During the past 13 years, Asian Sea PCL's highest Cash to Debt Ratio was 2.70. The lowest was 0.01. And the median was 0.04.

BKK:ASIAN's Cash-to-Debt is ranked better than
74.19% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs BKK:ASIAN: 2.70

Asian Sea PCL Cash-to-Debt Historical Data

The historical data trend for Asian Sea PCL'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.

* Premium members only.

Asian Sea PCL Cash-to-Debt Chart

Asian Sea PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.05

0.11

0.04

2.06

2.70

Asian Sea PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.06	3.20	1.52	1.59	2.70

Competitive Comparison of Asian Sea PCL's Cash-to-Debt

For the Packaged Foods subindustry, Asian Sea PCL'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.

Asian Sea PCL's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Asian Sea PCL's Cash-to-Debt distribution charts can be found below:

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

Asian Sea PCL 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.

Asian Sea PCL'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)
	=	946.447	/	(214.556	+	136.377)
	=	2.70

Asian Sea PCL's Cash to Debt Ratio for the quarter 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)
	=	946.447	/	(214.556	+	136.377)
	=	2.70

Asian Sea PCL (BKK:ASIAN) 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.

Asian Sea PCL Cash-to-Debt Related Terms

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

Asian Sea PCL (BKK:ASIAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asian Sea Corp PCL (BKK:ASIAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

55/2 Moo 2 Rama 2 Road, Bangkrajao, Muang, Samutsakhon, THA, 74000

Website

https://asiansea.co.th

Asian Sea Corp PCL is principally engaged in the production of processed frozen seafood and the provision of cold storage services. The company operates in various segments that include Frozen and packaged food products, Feedstuff, and Other business in cold storage services. The Feedstuff segment earns the maximum revenue for the company. Its product line consists of raw shrimps, cooked shrimps, squids, cuttlefish, octopuses, tuna, and pre-fried, deep-fried, and grilled seafood. It distributes products under the brand names TCC, ASS, Sakura, and Asian Seafood among others. Geographically, it derives a majority of its revenue from the United States of America.

Asian Sea PCL (BKK:ASIAN) Headlines

No Headlines