Kossan Rubber Industries Bhd (XKLS:7153) Cash-to-Debt : 120.78 (As of Dec. 2023)

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What is Kossan Rubber Industries 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. Kossan Rubber Industries Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 120.78.

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

XKLS:7153' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.69 Max: 120.78
Current: 120.78

During the past 13 years, Kossan Rubber Industries Bhd's highest Cash to Debt Ratio was 120.78. The lowest was 0.28. And the median was 0.69.

XKLS:7153's Cash-to-Debt is ranked better than
89.53% of 860 companies
in the Medical Devices & Instruments industry
Industry Median: 1.875 vs XKLS:7153: 120.78

Kossan Rubber Industries Bhd Cash-to-Debt Historical Data

The historical data trend for Kossan Rubber Industries 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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Kossan Rubber Industries Bhd Cash-to-Debt Chart

Kossan Rubber Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.28

1.91

10.16

24.81

120.78

Kossan Rubber Industries 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															24.81	41.01	47.16	65.95	120.78

Competitive Comparison of Kossan Rubber Industries Bhd's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Kossan Rubber Industries 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.

Kossan Rubber Industries Bhd's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Kossan Rubber Industries Bhd's Cash-to-Debt distribution charts can be found below:

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

Kossan Rubber Industries 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.

Kossan Rubber Industries 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)
	=	2094.031	/	(12.209	+	5.129)
	=	120.78

Kossan Rubber Industries 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)
	=	2094.031	/	(12.209	+	5.129)
	=	120.78

Kossan Rubber Industries Bhd (XKLS:7153) 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.

Kossan Rubber Industries Bhd Cash-to-Debt Related Terms

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

Kossan Rubber Industries Bhd (XKLS:7153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kossan Rubber Industries Bhd (XKLS:7153) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 782, Jalan Sungai Putus, Wisma Kossan, Off Batu 3 ¾ Jalan Kapar, Klang, SGR, MYS, 42100

Website

https://www.kossan.com.my

Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm has three primary businesses: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical-grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber's revenue is generated through exports outside of Malaysia.

Kossan Rubber Industries Bhd (XKLS:7153) Headlines

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