PT Palma Serasih Tbk (ISX:PSGO) Cash-to-Debt : 1.00 (As of Mar. 2024)

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What is PT Palma Serasih Tbk 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. PT Palma Serasih Tbk's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.00.

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, PT Palma Serasih Tbk 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 PT Palma Serasih Tbk's Cash-to-Debt or its related term are showing as below:

ISX:PSGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 1
Current: 1

During the past 8 years, PT Palma Serasih Tbk's highest Cash to Debt Ratio was 1.00. The lowest was 0.06. And the median was 0.20.

ISX:PSGO's Cash-to-Debt is ranked better than
62.37% of 1860 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs ISX:PSGO: 1.00

PT Palma Serasih Tbk Cash-to-Debt Historical Data

The historical data trend for PT Palma Serasih Tbk'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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PT Palma Serasih Tbk Cash-to-Debt Chart

PT Palma Serasih Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.10

0.18

0.37

0.98

PT Palma Serasih Tbk 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															0.29	0.35	0.37	0.98	1.00

Competitive Comparison of PT Palma Serasih Tbk's Cash-to-Debt

For the Farm Products subindustry, PT Palma Serasih Tbk'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.

PT Palma Serasih Tbk's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Palma Serasih Tbk's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PT Palma Serasih Tbk's Cash-to-Debt falls into.

PT Palma Serasih Tbk 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.

PT Palma Serasih Tbk'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)
	=	1543774.351	/	(362081.049	+	1220021.576)
	=	0.98

PT Palma Serasih Tbk'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)
	=	1271381.676	/	(231210.89	+	1039136.391)
	=	1.00

PT Palma Serasih Tbk (ISX:PSGO) 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.

PT Palma Serasih Tbk Cash-to-Debt Related Terms

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PT Palma Serasih Tbk (ISX:PSGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Palma Serasih Tbk (ISX:PSGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kuningan Mulia Kav. 9C, Permata Kuningan Building, 11th Floor, Jakarta Selatan, Jakarta, IDN, 12980

Website

https://www.palmaserasih.co.id

PT Palma Serasih Tbk is a crude palm oil producer in Indonesia. The company operates into one business segment covering plantations and palm oil processing, which are located in the East Kalimantan province of Indonesia, with an Indonesian customer market segment.

PT Palma Serasih Tbk (ISX:PSGO) Headlines

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