Earlier this morning, the All Ordinaries Index (ASX: XAO) was down as much as 2.5%. Fortunately, some of those losses receded this afternoon. However, the vast majority of companies in the All Ords still ended in the red.
While days like today are painful to witness, it can be intriguing to see which companies are able to hold their ground against a wave of pessimism.
Interestingly, not all of the companies firmly in the green are large and established blue chips. However, there is one characteristic in common out of the ASX All Ordinaries shares that we are about to cover. Each of them is boasting a mound of cash and not a cent of debt — exactly what you might want in a rising interesting rate environment.
Serving up a few quality ASX All Ordinaries shares
Adore Beauty Group Ltd (ASX: ABY)
Go shopping online for some beauty or skincare products in Australia and Adore Beauty is a name that will pop up towards the top of the list.
The company has been growing rapidly on the top line over recent years, increasing 37% year over year to $196.22 million at the end of last year. However, the share price hasn’t followed the same trajectory since listing in October 2020.
This ASX All Ordinaries share is down 58% from a year ago. Though, investors might be cutting it some slack now thanks to its immaculate balance sheet with shares finishing 5.3% higher today. At the end of 2021, Adore Beauty recorded $25.07 million in cash and zero debt.
Temple & Webster Group Ltd (ASX: TPW)
Next in line is a once darling stock of the e-commerce sector, Temple and Webster. This company has built itself up since 2011 by being the pre-eminent Aussie online store for homewares and furniture. Unfortunately, falling profitability in the last year has stolen the wind behind the sails of the Temple and Webster share price.
However, investors were willing to forgive the company for this shortcoming today as the share price surged 6.6%. Much like Adore, this ASX All Ordinaries share has a stack of cash at its disposal for a rainy day. By the last count, the company held $105.5 million in cash and cash equivalents with no debt.
Aussie Broadband Ltd (ASX: ABB)
Aussie Broadband is another company that held onto the green side of the market today. The popular internet provider has been experiencing plenty of volatility lately but managed to climb 5.8% higher on Tuesday.
Investors found safety in the small-cap ASX All Ordinaries share today despite other telcos falling. Interestingly, this enthusiasm is on the back of a significant fall in the Aussie Broadband share price that occurred on 2 May. This was in response to reduced guidance shared by the company, knocking down previous expectations.
Once again, this is a company flush with cash. At the end of December 2021, Aussie Broadband held $168.2 million in cash with a clean slate in terms of debt.
The post 3 quality ASX All Ordinaries shares that defied today’s sell-off appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
- 2 quality ASX shares to buy in this volatility: experts
- 3 quality ASX All Ordinaries shares tumbling 10% or more today
- Why Macquarie, REA, Temple & Webster, and Xero shares are sinking
- The Temple & Webster share price is being crushed, down 14%
- 2 ASX growth shares that could be buys in May 2022
Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Aussie Broadband Limited and Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited, Aussie Broadband Limited, and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/78me63X