Asian Star Co (BOM:531847) Cash-to-Debt : 0.51 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Asian Star Co 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 Star Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.51.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Asian Star Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BOM:531847' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.34 Max: 0.57
Current: 0.51

During the past 13 years, Asian Star Co's highest Cash to Debt Ratio was 0.57. The lowest was 0.23. And the median was 0.34.

BOM:531847's Cash-to-Debt is ranked better than
52.4% of 1103 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs BOM:531847: 0.51

Asian Star Co Cash-to-Debt Historical Data

The historical data trend for Asian Star Co'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 Star Co Cash-to-Debt Chart

Asian Star Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.30

0.36

0.23

0.57

0.51

Asian Star Co 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															0.57	N/A	0.59	N/A	0.51

Competitive Comparison of Asian Star Co's Cash-to-Debt

For the Luxury Goods subindustry, Asian Star Co'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 Star Co's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Asian Star Co's Cash-to-Debt distribution charts can be found below:

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

Asian Star Co 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 Star Co's Cash to Debt Ratio for the fiscal year 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)
	=	3781.686	/	(6880.18	+	533.881)
	=	0.51

Asian Star Co'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)
	=	3781.686	/	(6880.18	+	533.881)
	=	0.51

Asian Star Co (BOM:531847) 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 Star Co Cash-to-Debt Related Terms

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

Asian Star Co (BOM:531847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asian Star Co Ltd (BOM:531847) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

114 - C, Mittal Court, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.asianstargroup.com

Asian Star Co Ltd operates in the jewelry business. Their key product line includes Loose Polished, Diamond Jewellery, Diamond Jewellery Retailing, and Power. Geographically The company operates across the USA, Europe, Asia, and South-East Asia. The Company operates in two business segments namely Diamonds and Jewellery. It generates the maximum amount of revenue from the sales of Polished Diamonds. Their mode of sales is an offline channel and the company caters maximum to HNI customers.

Asian Star Co (BOM:531847) Headlines

No Headlines