Red Ideas Holdings Bhd (XKLS:03002) Cash-to-Debt : 11.26 (As of Jun. 2023)

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What is Red Ideas Holdings 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. Red Ideas Holdings Bhd's cash to debt ratio for the quarter that ended in Jun. 2023 was 11.26.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Red Ideas Holdings Bhd could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

XKLS:03002' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.64 Med: 18.92 Max: No Debt
Current: 11.26

During the past 7 years, Red Ideas Holdings Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 6.64. And the median was 18.92.

XKLS:03002's Cash-to-Debt is ranked better than
68.77% of 2805 companies
in the Software industry
Industry Median: 2.57 vs XKLS:03002: 11.26

Red Ideas Holdings Bhd Cash-to-Debt Historical Data

The historical data trend for Red Ideas Holdings 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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Red Ideas Holdings Bhd Cash-to-Debt Chart

Red Ideas Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

22.32

14.54

24.06

11.10

Red Ideas Holdings Bhd Semi-Annual Data
	Dec15	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial									14.70	24.06	13.64	11.10	11.26

Competitive Comparison of Red Ideas Holdings Bhd's Cash-to-Debt

For the Software - Application subindustry, Red Ideas Holdings 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.

Red Ideas Holdings Bhd's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Red Ideas Holdings Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Red Ideas Holdings Bhd's Cash-to-Debt falls into.

Red Ideas Holdings 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.

Red Ideas Holdings Bhd's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	1.909	/	(0.114	+	0.058)
	=	11.10

Red Ideas Holdings Bhd's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1.306	/	(0.058	+	0.058)
	=	11.26

Red Ideas Holdings Bhd (XKLS:03002) 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.

Red Ideas Holdings Bhd Cash-to-Debt Related Terms

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

Red Ideas Holdings Bhd (XKLS:03002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Red Ideas Holdings Bhd (XKLS:03002) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pusat Dagangan Phileo Damansara 1, Jalan 16/11, Unit 606, Block G, Seksyen 16, Petaling Jaya, SGR, MYS, 46350

Website

http://www.redideasholdings.com

Red Ideas Holdings Bhd develops and sells software products and solutions to residential or commercial communities. It delivers community services and solutions related to security, communication and convenience, by leveraging on mobile application platform. It offers JaGaApp Platform, with features like emergency assist, intercom Call, real-time notice board, visitor registration and many more.

Red Ideas Holdings Bhd (XKLS:03002) Headlines

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