ABC arbitrage (CHIX:ABCAP) Cash-to-Debt : 1.90 (As of Dec. 2023)

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What is ABC arbitrage 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. ABC arbitrage's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.90.

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, ABC arbitrage 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 ABC arbitrage's Cash-to-Debt or its related term are showing as below:

CHIX:ABCAp' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.9 Med: 102.12 Max: No Debt
Current: 1.9

During the past 13 years, ABC arbitrage's highest Cash to Debt Ratio was No Debt. The lowest was 1.90. And the median was 102.12.

CHIX:ABCAp's Cash-to-Debt is ranked worse than
56.22% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs CHIX:ABCAp: 1.90

ABC arbitrage Cash-to-Debt Historical Data

The historical data trend for ABC arbitrage'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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ABC arbitrage Cash-to-Debt Chart

ABC arbitrage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.47

7.64

3.39

2.50

1.90

ABC arbitrage Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.39	3.19	2.50	3.10	1.90

Competitive Comparison of ABC arbitrage's Cash-to-Debt

For the Asset Management subindustry, ABC arbitrage'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.

ABC arbitrage's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ABC arbitrage's Cash-to-Debt distribution charts can be found below:

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

ABC arbitrage 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.

ABC arbitrage's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9.217	/	(0	+	4.841)
	=	1.90

ABC arbitrage's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9.217	/	(0	+	4.841)
	=	1.90

ABC arbitrage (CHIX:ABCAp) 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.

ABC arbitrage Cash-to-Debt Related Terms

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ABC arbitrage (CHIX:ABCAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ABC arbitrage SA (CHIX:ABCAp) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ABCA:France 9BA:Germany

Address

18 rue du Quatre Septembre, Paris, FRA, 75002

Website

https://www.abc-arbitrage.com

ABC arbitrage SA is a France-based company engaged in the design of arbitration strategies in European and American financial markets. The group conducts two types of arbitrage strategies, including arbitrage without market risks, which exploits opportunities that are independent of directional or event risks, and arbitrage with market risks, where various risks involved are systematically identified and hedged using appropriate instruments. ABC Arbitrage also provides asset management services to institutional clients and advisory services for third party institutional clients or qualified investors. The company's funds are managed by ABC arbitrage Asset Management.

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