Unitrade Industries Bhd (XKLS:0247) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Unitrade Industries Bhd 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. Unitrade Industries Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, Unitrade Industries Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Unitrade Industries Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:0247' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 0.34
Current: 0.04

During the past 5 years, Unitrade Industries Bhd's highest Cash to Debt Ratio was 0.34. The lowest was 0.04. And the median was 0.17.

XKLS:0247's Cash-to-Debt is ranked worse than
93.57% of 140 companies
in the Industrial Distribution industry
Industry Median: 0.59 vs XKLS:0247: 0.04

Unitrade Industries Bhd Cash-to-Debt Historical Data

The historical data trend for Unitrade Industries Bhd'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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Unitrade Industries Bhd Cash-to-Debt Chart

Unitrade Industries Bhd Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.21

0.08

0.18

0.16

0.24

Unitrade Industries Bhd Quarterly Data
	Mar19	Mar20	Mar21	Nov21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.10	0.24	0.15	0.09	0.04

Competitive Comparison of Unitrade Industries Bhd's Cash-to-Debt

For the Industrial Distribution subindustry, Unitrade Industries Bhd'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.

Unitrade Industries Bhd's Cash-to-Debt Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Unitrade Industries Bhd's Cash-to-Debt distribution charts can be found below:

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

Unitrade Industries Bhd 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.

Unitrade Industries Bhd's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	118.204	/	(367.809	+	117.951)
	=	0.24

Unitrade Industries Bhd's Cash to Debt Ratio for the quarter 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)
	=	27.023	/	(520.754	+	118.769)
	=	0.04

Unitrade Industries Bhd (XKLS:0247) 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.

Unitrade Industries Bhd Cash-to-Debt Related Terms

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

Unitrade Industries Bhd (XKLS:0247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Unitrade Industries Bhd (XKLS:0247) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Jalan Astaka U8/87, Seksyen U8, Bukit Jelutong, Shah Alam, SGR, MYS, 40150

Website

https://www.unitrade.com.my

Unitrade Industries Bhd is a supplier and distributor of construction materials including pipe fittings and valves. The segments of the company are the Wholesale and distribution of building materials for mechanical and engineering (M&E) works comprising pipes, valves, fittings, and accessories, and civil works comprising reinforcement steel, structural steel, and other building material; Manufacturing and sale of pre-insulated pipes; Rental of temporary structural support equipment and Others. The company earns the maximum of its revenue from the Wholesale and distribution segment. The Group operates in Malaysia.

Unitrade Industries Bhd (XKLS:0247) Headlines

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