World Flex PCL (BKK:WFX) Cash-to-Debt : 0.12 (As of Jun. 2024)

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What is World Flex 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. World Flex PCL's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.12.

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, World Flex PCL couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for World Flex PCL's Cash-to-Debt or its related term are showing as below:

BKK:WFX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.39 Max: 6.27
Current: 0.12

During the past 5 years, World Flex PCL's highest Cash to Debt Ratio was 6.27. The lowest was 0.02. And the median was 0.39.

BKK:WFX's Cash-to-Debt is ranked worse than
75.6% of 996 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs BKK:WFX: 0.12

World Flex PCL Cash-to-Debt Historical Data

The historical data trend for World Flex 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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World Flex PCL Cash-to-Debt Chart

World Flex PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.02

0.06

6.27

0.86

0.12

World Flex PCL Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial												0.38	0.39	0.12	0.09	0.12

Competitive Comparison of World Flex PCL's Cash-to-Debt

For the Textile Manufacturing subindustry, World Flex 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.

World Flex PCL's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, World Flex PCL's Cash-to-Debt distribution charts can be found below:

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

World Flex 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.

World Flex 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)
	=	32.608	/	(262.787	+	3.995)
	=	0.12

World Flex PCL's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	52.843	/	(359.386	+	77.608)
	=	0.12

World Flex PCL (BKK:WFX) 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.

World Flex PCL Cash-to-Debt Related Terms

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World Flex PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » World Flex PCL (BKK:WFX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pluakdaeng Road, 59/1 moo 5, Tambol Manam Koo, Amphur Pluakdaeng, Rayong, THA, 10260

Website

https://www.worldflex.net

World Flex PCL is engaged in the manufacturing of high-quality rubber thread. It is engaged in the manufacture and sales of latex thread.

World Flex PCL Headlines

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