Top Glove Bhd (Top Glove Bhd) Cash-to-Debt : 1.68 (As of Feb. 2024)

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What is Top Glove 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. Top Glove Bhd's cash to debt ratio for the quarter that ended in Feb. 2024 was 1.68.

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, Top Glove Bhd could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TPGVF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 1.59 Max: 9.43
Current: 1.68

During the past 13 years, Top Glove Bhd's highest Cash to Debt Ratio was 9.43. The lowest was 0.10. And the median was 1.59.

TPGVF's Cash-to-Debt is ranked worse than
52.32% of 862 companies
in the Medical Devices & Instruments industry
Industry Median: 2.03 vs TPGVF: 1.68

Top Glove Bhd Cash-to-Debt Historical Data

The historical data trend for Top Glove 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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Top Glove Bhd Cash-to-Debt Chart

Top Glove Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.10

5.22

5.19

2.01

1.62

Top Glove Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															1.57	1.51	1.62	1.73	1.68

Competitive Comparison of Top Glove Bhd's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Top Glove 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.

Top Glove Bhd's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Top Glove 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.

Top Glove Bhd's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	204.566	/	(117.613	+	8.631)
	=	1.62

Top Glove Bhd's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	196.306	/	(111.876	+	5.198)
	=	1.68

Top Glove Bhd (OTCPK:TPGVF) 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.

Top Glove Bhd Cash-to-Debt Related Terms

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Top Glove Bhd (Top Glove Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Top Glove Corp Bhd (OTCPK:TPGVF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TGLVY:USA BVA:Singapore 7113:Malaysia

Address

16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170

Website

https://www.topglove.com

Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

Top Glove Bhd (Top Glove Bhd) Headlines

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