Petronas Chemicals Group Bhd (XKLS:5183) Cash-to-Debt : 1.81 (As of Dec. 2023)

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What is Petronas Chemicals Group 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. Petronas Chemicals Group Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.81.

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, Petronas Chemicals Group 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 Petronas Chemicals Group Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:5183' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84 Med: 3.87 Max: 75.84
Current: 1.81

During the past 13 years, Petronas Chemicals Group Bhd's highest Cash to Debt Ratio was 75.84. The lowest was 0.84. And the median was 3.87.

XKLS:5183's Cash-to-Debt is ranked better than
66.17% of 1552 companies
in the Chemicals industry
Industry Median: 0.735 vs XKLS:5183: 1.81

Petronas Chemicals Group Bhd Cash-to-Debt Historical Data

The historical data trend for Petronas Chemicals Group 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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Petronas Chemicals Group Bhd Cash-to-Debt Chart

Petronas Chemicals Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.67

4.00

4.26

1.96

1.81

Petronas Chemicals Group 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															1.96	1.80	1.86	1.81	1.81

Competitive Comparison of Petronas Chemicals Group Bhd's Cash-to-Debt

For the Chemicals subindustry, Petronas Chemicals Group 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.

Petronas Chemicals Group Bhd's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Petronas Chemicals Group Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Petronas Chemicals Group Bhd's Cash-to-Debt falls into.

Petronas Chemicals Group 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.

Petronas Chemicals Group 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)
	=	9268	/	(729	+	4403)
	=	1.81

Petronas Chemicals Group 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)
	=	9268	/	(729	+	4403)
	=	1.81

Petronas Chemicals Group Bhd (XKLS:5183) 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.

Petronas Chemicals Group Bhd Cash-to-Debt Related Terms

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

Petronas Chemicals Group Bhd (XKLS:5183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petronas Chemicals Group Bhd (XKLS:5183) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

PECGF:USA

Address

Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088

Website

http://www.petronaschemicals.com

Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into three segments based on product type: Olefins and Derivatives; Fertilizers and Methanol and Specialties. The Olefins and Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers and Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia.

Petronas Chemicals Group Bhd (XKLS:5183) Headlines

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