Coraza Integrated Technology Bhd (XKLS:0240) Cash-to-Debt : 1.85 (As of Mar. 2024)

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What is Coraza Integrated Technology 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. Coraza Integrated Technology Bhd's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.85.

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

XKLS:0240' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 1.34 Max: 4.55
Current: 1.85

During the past 6 years, Coraza Integrated Technology Bhd's highest Cash to Debt Ratio was 4.55. The lowest was 0.08. And the median was 1.34.

XKLS:0240's Cash-to-Debt is ranked better than
58.24% of 2996 companies
in the Industrial Products industry
Industry Median: 1.23 vs XKLS:0240: 1.85

Coraza Integrated Technology Bhd Cash-to-Debt Historical Data

The historical data trend for Coraza Integrated Technology 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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Coraza Integrated Technology Bhd Cash-to-Debt Chart

Coraza Integrated Technology Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.31

0.29

0.19

1.55

1.95

Coraza Integrated Technology Bhd Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											1.06	1.47	4.55	1.95	1.85

Competitive Comparison of Coraza Integrated Technology Bhd's Cash-to-Debt

For the Metal Fabrication subindustry, Coraza Integrated Technology 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.

Coraza Integrated Technology Bhd's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Coraza Integrated Technology Bhd's Cash-to-Debt distribution charts can be found below:

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

Coraza Integrated Technology 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.

Coraza Integrated Technology Bhd'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)
	=	53.676	/	(22.399	+	5.114)
	=	1.95

Coraza Integrated Technology 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)
	=	52.074	/	(8.419	+	19.751)
	=	1.85

Coraza Integrated Technology Bhd (XKLS:0240) 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.

Coraza Integrated Technology Bhd Cash-to-Debt Related Terms

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Coraza Integrated Technology Bhd (XKLS:0240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Coraza Integrated Technology Bhd (XKLS:0240) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Industri Bukit Panchor, Lot 2777, Lorong Industri 5, Pulau Pinang, Nibong Tebal, PNG, MYS, 14300

Website

https://www.corazaintech.com

Coraza Integrated Technology Bhd is principally involved in the fabrication of sheet metal and precision machined components, as well as the provision of related services, such as design and development and value-added sub-module assembly services. The company support customers in various industries including semiconductor, instrumentation, life science and medical devices, telecommunications, aerospace, and others.

Coraza Integrated Technology Bhd (XKLS:0240) Headlines

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