Globlex Holding Management PCL (BKK:GBX-F) Cash-to-Debt : 2.02 (As of Dec. 2023)

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What is Globlex Holding Management PCL 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. Globlex Holding Management PCL's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.02.

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, Globlex Holding Management PCL 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 Globlex Holding Management PCL's Cash-to-Debt or its related term are showing as below:

BKK:GBX-F' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.02 Med: 5001.66 Max: No Debt
Current: 2.02

During the past 13 years, Globlex Holding Management PCL's highest Cash to Debt Ratio was No Debt. The lowest was 2.02. And the median was 5001.66.

BKK:GBX-F's Cash-to-Debt is ranked better than
51.64% of 792 companies
in the Capital Markets industry
Industry Median: 1.87 vs BKK:GBX-F: 2.02

Globlex Holding Management PCL Cash-to-Debt Historical Data

The historical data trend for Globlex Holding Management PCL'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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Globlex Holding Management PCL Cash-to-Debt Chart

Globlex Holding Management PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.62

2.58

3.09

3.32

2.02

Globlex Holding Management PCL 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															3.32	1.60	1.14	1.30	2.02

Competitive Comparison of Globlex Holding Management PCL's Cash-to-Debt

For the Capital Markets subindustry, Globlex Holding Management PCL'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.

Globlex Holding Management PCL's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Globlex Holding Management PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Globlex Holding Management PCL's Cash-to-Debt falls into.

Globlex Holding Management PCL 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.

Globlex Holding Management PCL'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)
	=	1274.442	/	(604.183	+	26.81)
	=	2.02

Globlex Holding Management PCL'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)
	=	1274.442	/	(604.183	+	26.81)
	=	2.02

Globlex Holding Management PCL (BKK:GBX-F) 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.

Globlex Holding Management PCL Cash-to-Debt Related Terms

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

Globlex Holding Management PCL (BKK:GBX-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Globlex Holding Management PCL (BKK:GBX-F) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GBX:Thailand

Address

Wireless Road, Lumpini, Phatumwan, Number 87/2, 12th Floor, CRC Tower, All Seasons Place, Bangkok, THA, 10330

Website

http://www.globlexholding.co.th

Globlex Holding Management PCL is a Thailand-based investment holding company. It is principally engaged in securities borrowing and lending. The company operates in three business segments namely Holding business, Securities business, and Other business. The company generates maximum revenue from the Securities business segment. Geographically, the company mainly operates in Thailand.

Globlex Holding Management PCL (BKK:GBX-F) Headlines

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