Rexit Bhd (XKLS:0106) Cash-to-Debt : 670.38 (As of Mar. 2024)

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What is Rexit 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. Rexit Bhd's cash to debt ratio for the quarter that ended in Mar. 2024 was 670.38.

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, Rexit Bhd 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 Rexit Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:0106' s Cash-to-Debt Range Over the Past 10 Years
Min: 79.23 Med: No Debt Max: No Debt
Current: 670.38

During the past 13 years, Rexit Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 79.23. And the median was No Debt.

XKLS:0106's Cash-to-Debt is ranked better than
89.41% of 2805 companies
in the Software industry
Industry Median: 2.57 vs XKLS:0106: 670.38

Rexit Bhd Cash-to-Debt Historical Data

The historical data trend for Rexit 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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Rexit Bhd Cash-to-Debt Chart

Rexit Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

79.23

159.79

Rexit Bhd 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															120.03	159.79	242.78	319.64	670.38

Competitive Comparison of Rexit Bhd's Cash-to-Debt

For the Information Technology Services subindustry, Rexit 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.

Rexit Bhd's Cash-to-Debt Distribution in the Software Industry

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

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

Rexit 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.

Rexit Bhd's Cash to Debt Ratio for the fiscal year 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)
	=	27.483	/	(0.172	+	0)
	=	159.78

Rexit Bhd'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)
	=	28.156	/	(0.042	+	0)
	=	670.38

Rexit Bhd (XKLS:0106) 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.

Rexit Bhd Cash-to-Debt Related Terms

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

Rexit Bhd (XKLS:0106) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rexit Bhd (XKLS:0106) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42, Jalan BM 1/2, Taman Bukit Mayang Emas, Petaling Jaya, SGR, MYS, 47301

Website

https://www.rexit.com

Rexit Bhd focuses on delivering solutions and services to the general insurance and financial service industries. It offers several web-based insurance solutions that cater to the front-end marketing and sales functions, as well as the back-end operations of insurance companies. In addition, it also offers a suite of workflow, case management, and document management applications suited for the financial industry. Its products include e-Cover, which is an online insurance transaction system; e-PPA, which is an online system to submit investment and redemption applications to the employee provident fund, IIMS, which is an integrated workflow, case management, and document management system, and others. Geographically, it derives a majority of its revenue from Malaysia.

Rexit Bhd (XKLS:0106) Headlines

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