ASP Isotopes (ASP Isotopes) Cash-to-Debt : 0.99 (As of Mar. 2024)

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What is ASP Isotopes 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. ASP Isotopes's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.99.

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

ASPI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 3.2 Max: 6.53
Current: 0.99

During the past 3 years, ASP Isotopes's highest Cash to Debt Ratio was 6.53. The lowest was 0.55. And the median was 3.20.

ASPI's Cash-to-Debt is ranked better than
55.75% of 1512 companies
in the Chemicals industry
Industry Median: 0.74 vs ASPI: 0.99

ASP Isotopes Cash-to-Debt Historical Data

The historical data trend for ASP Isotopes'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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ASP Isotopes Cash-to-Debt Chart

ASP Isotopes Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

3.19

2.91

3.69

ASP Isotopes Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					6.53	4.98	3.21	3.69	0.99

Competitive Comparison of ASP Isotopes's Cash-to-Debt

For the Chemicals subindustry, ASP Isotopes'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.

ASP Isotopes's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ASP Isotopes's Cash-to-Debt distribution charts can be found below:

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

ASP Isotopes 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.

ASP Isotopes'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)
	=	7.908	/	(0.869	+	1.274)
	=	3.69

ASP Isotopes'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)
	=	23.891	/	(0.772	+	23.316)
	=	0.99

ASP Isotopes (NAS:ASPI) 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.

ASP Isotopes Cash-to-Debt Related Terms

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

ASP Isotopes (ASP Isotopes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ASP Isotopes Inc (NAS:ASPI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

433 Plaza Real, Suite 275, Boca Raton, FL, USA, 33432

Website

https://www.aspisotopes.com

ASP Isotopes Inc is a pre-commercial stage advanced materials company dedicated to the development of technology and processes that, if successful, will allow for the production of isotopes that may be used in several industries. The company utilizes technology developed in South Africa over the past 20 years to enrich isotopes of elements or molecules with low atomic masses.

Executives

Todd Wider	director	4848 LEMMON AVENUE, SUITE 517, DALLAS TX 75219
Duncan Moore	director	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Joshua Jay Donfeld	director	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 90210
Ak Jensen Investment Management Ltd	10 percent owner	1 CORNHILL, LONDON X0 EC3V 3ND
Sergey Vasnetsov	director	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Paul Elliot Mann	director, 10 percent owner, officer: Chief Executive Officer	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Einar Ronander	10 percent owner, other: Chief Scientific Adviser	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Robert Ainscow	officer: Chief Financial Officer	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Hendrik Strydom	director, 10 percent owner	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432