Aspo (OHEL:ASPO) Cash-to-Debt : 0.34 (As of Mar. 2024)

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What is Aspo 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. Aspo's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.34.

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

OHEL:ASPO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.14 Max: No Debt
Current: 0.34

During the past 13 years, Aspo's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.14.

OHEL:ASPO's Cash-to-Debt is ranked worse than
59.1% of 511 companies
in the Conglomerates industry
Industry Median: 0.48 vs OHEL:ASPO: 0.34

Aspo Cash-to-Debt Historical Data

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

Aspo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.11

0.16

0.10

0.12

0.16

Aspo 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															0.13	0.12	0.17	0.16	0.34

Competitive Comparison of Aspo's Cash-to-Debt

For the Conglomerates subindustry, Aspo'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.

Aspo's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aspo's Cash-to-Debt distribution charts can be found below:

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

Aspo 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.

Aspo'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)
	=	30.683	/	(49.021	+	146.878)
	=	0.16

Aspo'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)
	=	67.9	/	(79.6	+	119.8)
	=	0.34

Aspo (OHEL:ASPO) 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.

Aspo Cash-to-Debt Related Terms

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

Aspo (OHEL:ASPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aspo PLC (OHEL:ASPO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZYD:Germany

Address

Mikonkatu 13 A, 7 Floor, P.O. Box 499, Helsinki, FIN, FI-00101

Website

https://www.aspo.com

Aspo PLC acquires and supplies plastic raw materials and chemicals to the industry. The company operates through three segments. ESL Shipping segment provides marine raw material transportation and related services to the energy and heavy industry sectors. Leipurin segment's business operations are divided into three areas: the bakery business, the machinery business, and the food service business. Telko segment supplies plastic raw materials, industrial chemicals, and lubricants. Its geographical segments are Finland, Scandinavia, Baltic countries, Russia, other CIS countries and Ukraine, and Other countries.

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