Comfort Gloves Bhd (XKLS:2127) Cash-to-Debt : 6.79 (As of Sep. 2023)

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What is Comfort Gloves 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. Comfort Gloves Bhd's cash to debt ratio for the quarter that ended in Sep. 2023 was 6.79.

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, Comfort Gloves Bhd could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XKLS:2127' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 3.56 Max: No Debt
Current: 6.79

During the past 13 years, Comfort Gloves Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 3.56.

XKLS:2127's Cash-to-Debt is ranked better than
68.95% of 860 companies
in the Medical Devices & Instruments industry
Industry Median: 1.875 vs XKLS:2127: 6.79

Comfort Gloves Bhd Cash-to-Debt Historical Data

The historical data trend for Comfort Gloves 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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Comfort Gloves Bhd Cash-to-Debt Chart

Comfort Gloves Bhd Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

2.69

0.26

0.41

2.27

6.65

Comfort Gloves Bhd Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															3.91	6.65	5.05	4.54	6.79

Competitive Comparison of Comfort Gloves Bhd's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Comfort Gloves 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.

Comfort Gloves Bhd's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Comfort Gloves 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.

Comfort Gloves Bhd's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	237.235	/	(24.515	+	11.18)
	=	6.65

Comfort Gloves Bhd's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	256.336	/	(28.677	+	9.083)
	=	6.79

Comfort Gloves Bhd (XKLS:2127) 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.

Comfort Gloves Bhd Cash-to-Debt Related Terms

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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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