At the end of December 2024, ASMPT had net cash, having ended nine of the past 13 years in a net cash position. Three company acquisitions in 2018 and an industry downturn in the first half of 2019 ...

For example, among issuers whose secured debt has a BBB rating and unsecured a BB rating, they will buy the former when high-yield bond yield spreads tighten and the latter when they widen.