Perdana Petroleum Bhd (XKLS:7108) Cash-to-Debt : 2.43 (As of Dec. 2023)

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What is Perdana Petroleum 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. Perdana Petroleum Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.43.

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, Perdana Petroleum Bhd could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XKLS:7108' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.2 Max: 2.43
Current: 2.43

During the past 13 years, Perdana Petroleum Bhd's highest Cash to Debt Ratio was 2.43. The lowest was 0.02. And the median was 0.20.

XKLS:7108's Cash-to-Debt is ranked better than
69.74% of 1018 companies
in the Oil & Gas industry
Industry Median: 0.49 vs XKLS:7108: 2.43

Perdana Petroleum Bhd Cash-to-Debt Historical Data

The historical data trend for Perdana Petroleum 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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Perdana Petroleum Bhd Cash-to-Debt Chart

Perdana Petroleum Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.30

0.46

0.35

0.86

2.43

Perdana Petroleum Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.86	0.86	0.94	1.52	2.43

Competitive Comparison of Perdana Petroleum Bhd's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Perdana Petroleum 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.

Perdana Petroleum Bhd's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Perdana Petroleum Bhd's Cash-to-Debt distribution charts can be found below:

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

Perdana Petroleum 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.

Perdana Petroleum 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)
	=	66.644	/	(10.607	+	16.841)
	=	2.43

Perdana Petroleum Bhd's Cash to Debt Ratio for the quarter 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)
	=	66.644	/	(10.607	+	16.841)
	=	2.43

Perdana Petroleum Bhd (XKLS:7108) 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.

Perdana Petroleum Bhd Cash-to-Debt Related Terms

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

Perdana Petroleum Bhd (XKLS:7108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Perdana Petroleum Bhd (XKLS:7108) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

VSQ at PJCC, Jalan Utara, Level 18, Block 2, Petaling Jaya, SGR, MYS, 46200

Website

https://www.perdana.my

Perdana Petroleum Bhd is a Malaysia based company that engages in the provision of offshore marine support services for the upstream oil and gas industry in the domestic and regional markets. It operates through the only segment: Marine offshore support services. The Marine offshore support services segment is engaged in the provision of vessels for the upstream oil and gas industry, ranging from towing, mooring and anchoring of non-self-propelled marine vessels, and transportation of drilling equipment, production chemicals, and project materials to engineering and workshop facilities onboard. Geographically, it derives majority revenue from Malaysia.

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