TransOcean Holdings Bhd (XKLS:7218) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is TransOcean Holdings 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. TransOcean Holdings Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, TransOcean Holdings Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XKLS:7218' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.18 Max: 2.66
Current: 0.08

During the past 13 years, TransOcean Holdings Bhd's highest Cash to Debt Ratio was 2.66. The lowest was 0.08. And the median was 0.18.

XKLS:7218's Cash-to-Debt is ranked worse than
86.69% of 969 companies
in the Transportation industry
Industry Median: 0.48 vs XKLS:7218: 0.08

TransOcean Holdings Bhd Cash-to-Debt Historical Data

The historical data trend for TransOcean Holdings 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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TransOcean Holdings Bhd Cash-to-Debt Chart

TransOcean Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

1.14

1.24

2.66

0.08

TransOcean Holdings 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															2.66	2.49	0.68	0.82	0.08

Competitive Comparison of TransOcean Holdings Bhd's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, TransOcean Holdings 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.

TransOcean Holdings Bhd's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TransOcean Holdings Bhd's Cash-to-Debt distribution charts can be found below:

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

TransOcean Holdings 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.

TransOcean Holdings 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)
	=	1.654	/	(7.316	+	14.137)
	=	0.08

TransOcean Holdings 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)
	=	1.654	/	(7.316	+	14.137)
	=	0.08

TransOcean Holdings Bhd (XKLS:7218) 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.

TransOcean Holdings Bhd Cash-to-Debt Related Terms

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TransOcean Holdings Bhd (XKLS:7218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TransOcean Holdings Bhd (XKLS:7218) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 2955, 2956 & 2957, Jalan Perusahaan Sungai Lokan 3, Kawasan Perusahaan Sungai Lokan, Butterworth, PNG, MYS, 13400

Website

https://www.transocean.com.my

TransOcean Holdings Bhd is a provider of logistics and logistics related activities. The company provides trucking services and cross-border trucking services for consolidation cargo or loose truck loads services from the Malaysia-Singapore-Malaysia and Malaysia-Thailand-Malaysia routes. Its segments consist of Logistic solution that provide customs brokerage, warehousing, freight forwarding trucking related services, international air and ocean freight services; Tyre products that manufactures and trades in tyres; and Investment holdings that provides management services and letting of properties. Majority of the revenue is derived from the provision of custom brokerage, warehousing, freight forwarding trucking related services, international air and ocean freight services.

TransOcean Holdings Bhd (XKLS:7218) Headlines

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