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Astrasun Solar PCL (BUD:ASTRASUN) Cash-to-Debt : No Debt (1) (As of Jun. 2023)


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What is Astrasun Solar 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. Astrasun Solar PCL's cash to debt ratio for the quarter that ended in Jun. 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, Astrasun Solar PCL could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Astrasun Solar PCL's Cash-to-Debt or its related term are showing as below:

BUD:ASTRASUN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28   Med: 5000.2   Max: No Debt
Current: 0.28

During the past 1 years, Astrasun Solar PCL's highest Cash to Debt Ratio was No Debt. The lowest was 0.28. And the median was 5000.20.

BUD:ASTRASUN's Cash-to-Debt is ranked worse than
86.13% of 937 companies
in the Semiconductors industry
Industry Median: 1.88 vs BUD:ASTRASUN: 0.28

Astrasun Solar PCL Cash-to-Debt Historical Data

The historical data trend for Astrasun Solar 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.

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Astrasun Solar PCL Cash-to-Debt Chart

Astrasun Solar PCL Annual Data
Trend Dec22
Cash-to-Debt
0.41

Astrasun Solar PCL Semi-Annual Data
Jun22 Dec22 Jun23
Cash-to-Debt N/A 0.41 No Debt

Competitive Comparison of Astrasun Solar PCL's Cash-to-Debt

For the Solar subindustry, Astrasun Solar 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.

Astrasun Solar PCL's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Astrasun Solar PCL's Cash-to-Debt distribution charts can be found below:

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


Astrasun Solar 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.

Astrasun Solar PCL's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
=1390.946 / (8.94 + 3414.898)
=0.41

Astrasun Solar PCL's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Astrasun Solar PCL had no debt (1).

* 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.

Astrasun Solar PCL  (BUD:ASTRASUN) 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.

Astrasun Solar PCL Cash-to-Debt Related Terms

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Astrasun Solar PCL (BUD:ASTRASUN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Astrasun Solar PCL (BUD:ASTRASUN) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
Kossuth Lajos Strreet 103, Csomad, HUN, H-2161
Website
https://www.astrasun.solar
Astrasun Solar PCL plays key role in the Hungarian renewable energy market. Astrasun is a solar power plant project developer Company, and invests in green energy.

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