Akkhie Prakarn PCL (BKK:AKP) Cash-to-Debt : 4.33 (As of Mar. 2024)

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What is Akkhie Prakarn PCL 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. Akkhie Prakarn PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.33.

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, Akkhie Prakarn PCL could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Akkhie Prakarn PCL's Cash-to-Debt or its related term are showing as below:

BKK:AKP' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.78 Med: 5.19 Max: No Debt
Current: 4.33

During the past 13 years, Akkhie Prakarn PCL's highest Cash to Debt Ratio was No Debt. The lowest was 1.78. And the median was 5.19.

BKK:AKP's Cash-to-Debt is ranked better than
84.45% of 238 companies
in the Waste Management industry
Industry Median: 0.35 vs BKK:AKP: 4.33

Akkhie Prakarn PCL Cash-to-Debt Historical Data

The historical data trend for Akkhie Prakarn PCL'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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Akkhie Prakarn PCL Cash-to-Debt Chart

Akkhie Prakarn PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

2.26

3.32

3.62

4.13

Akkhie Prakarn PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.76	3.61	3.66	4.13	4.33

Competitive Comparison of Akkhie Prakarn PCL's Cash-to-Debt

For the Waste Management subindustry, Akkhie Prakarn PCL'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.

Akkhie Prakarn PCL's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Akkhie Prakarn PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Akkhie Prakarn PCL's Cash-to-Debt falls into.

Akkhie Prakarn PCL 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.

Akkhie Prakarn PCL'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)
	=	196.353	/	(10.429	+	37.077)
	=	4.13

Akkhie Prakarn PCL'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)
	=	194.6	/	(10.626	+	34.318)
	=	4.33

Akkhie Prakarn PCL (BKK:AKP) 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.

Akkhie Prakarn PCL Cash-to-Debt Related Terms

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

Akkhie Prakarn PCL (BKK:AKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Akkhie Prakarn PCL (BKK:AKP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

792 Moo 2 Soi 1C/1, Sukhumwit Road, Bang Poo Industrial Estate, Samutprakarn, THA, 10280

Website

http://www.akkhie.com

Akkhie Prakarn PCL is a Thailand based company involved in the waste management business sector. The Company is engaged in providing services on incinerating and destroying industrial wastes, sewage and unused materials, including the improving of quality of industrial wastes, sewage and unused materials to recycle them to substituted energy and raw materials. The company operates in Thailand.