Sin Heng Heavy Machinery (SGX:BKA) Cash-to-Debt : 5.12 (As of Dec. 2023)

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What is Sin Heng Heavy Machinery 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. Sin Heng Heavy Machinery's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.12.

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, Sin Heng Heavy Machinery 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 Sin Heng Heavy Machinery's Cash-to-Debt or its related term are showing as below:

SGX:BKA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 2.28 Max: 11.07
Current: 5.12

During the past 13 years, Sin Heng Heavy Machinery's highest Cash to Debt Ratio was 11.07. The lowest was 0.40. And the median was 2.28.

SGX:BKA's Cash-to-Debt is ranked better than
83.01% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.565 vs SGX:BKA: 5.12

Sin Heng Heavy Machinery Cash-to-Debt Historical Data

The historical data trend for Sin Heng Heavy Machinery'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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Sin Heng Heavy Machinery Cash-to-Debt Chart

Sin Heng Heavy Machinery Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.16

6.22

11.07

4.24

5.12

Sin Heng Heavy Machinery Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															11.07	8.50	4.24	3.54	5.12

Competitive Comparison of Sin Heng Heavy Machinery's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Sin Heng Heavy Machinery'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.

Sin Heng Heavy Machinery's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sin Heng Heavy Machinery's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sin Heng Heavy Machinery's Cash-to-Debt falls into.

Sin Heng Heavy Machinery 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.

Sin Heng Heavy Machinery'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)
	=	44.638	/	(2.914	+	5.806)
	=	5.12

Sin Heng Heavy Machinery'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)
	=	44.638	/	(2.914	+	5.806)
	=	5.12

Sin Heng Heavy Machinery (SGX:BKA) 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.

Sin Heng Heavy Machinery Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Sin Heng Heavy Machinery's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Sin Heng Heavy Machinery (SGX:BKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sin Heng Heavy Machinery Ltd (SGX:BKA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNVA:Germany

Address

26 Gul Road, Singapore, SGP, 629346

Website

http://www.sinheng.com.sg

Sin Heng Heavy Machinery Ltd is a lifting service provider. The core business activities are the rental and trading of cranes, aerial lifts, and other lifting equipment. The company has two reportable operating segments namely Equipment rental and Trading. Equipment rental includes the rental of cranes and aerial lifts. Trading includes trading of cranes and aerial lifts. Most of the group's revenue comes from Singapore.

Sin Heng Heavy Machinery (SGX:BKA) Headlines

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