Dexon Technology PCL (BKK:DEXON) Cash-to-Debt : 3.25 (As of Sep. 2023)

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What is Dexon Technology 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. Dexon Technology PCL's cash to debt ratio for the quarter that ended in Sep. 2023 was 3.25.

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, Dexon Technology PCL 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 Dexon Technology PCL's Cash-to-Debt or its related term are showing as below:

BKK:DEXON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 2.64 Max: 4.56
Current: 3.25

During the past 2 years, Dexon Technology PCL's highest Cash to Debt Ratio was 4.56. The lowest was 0.12. And the median was 2.64.

BKK:DEXON's Cash-to-Debt is ranked better than
72.05% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs BKK:DEXON: 3.25

Dexon Technology PCL Cash-to-Debt Historical Data

The historical data trend for Dexon Technology 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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Dexon Technology PCL Cash-to-Debt Chart

Dexon Technology PCL Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.16

0.12

Dexon Technology PCL Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.12	2.64	4.56	3.25

Competitive Comparison of Dexon Technology PCL's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Dexon Technology 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.

Dexon Technology PCL's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Dexon Technology PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dexon Technology PCL's Cash-to-Debt falls into.

Dexon Technology 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.

Dexon Technology PCL'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)
	=	26.122	/	(160.815	+	61.696)
	=	0.12

Dexon Technology PCL'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)
	=	251.651	/	(66.257	+	11.111)
	=	3.25

Dexon Technology PCL (BKK:DEXON) 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.

Dexon Technology PCL Cash-to-Debt Related Terms

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Dexon Technology PCL (BKK:DEXON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dexon Technology PCL (BKK:DEXON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

78/4-5 Moo 6, Sukhumvit Road, Ban Chang, Rayong, THA, 21130

Website

https://www.dexon-technology.com

Dexon Technology PCL is engaged in providing non-destructive inspection services, inspection training across the board of inspection standards and distributor of tools, spare parts and equipment used for the inspection of goods quality. The company's operating segments include Research and development innovation segment, Advanve In-line inspection technology segment, Advance non-destructive testing technology segment, Asset integrity management service segment, and Conventional non-destructive inspection segment.

Dexon Technology PCL (BKK:DEXON) Headlines

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