Iris Bhd (XKLS:0010) Cash-to-Debt : 14.98 (As of Dec. 2023)

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What is Iris 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. Iris Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.98.

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, Iris Bhd 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 Iris Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:0010' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 1.52 Max: 44.86
Current: 14.98

During the past 13 years, Iris Bhd's highest Cash to Debt Ratio was 44.86. The lowest was 0.07. And the median was 1.52.

XKLS:0010's Cash-to-Debt is ranked better than
80.27% of 3005 companies
in the Industrial Products industry
Industry Median: 1.22 vs XKLS:0010: 14.98

Iris Bhd Cash-to-Debt Historical Data

The historical data trend for Iris 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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Iris Bhd Cash-to-Debt Chart

Iris Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.93

1.62

6.31

7.04

28.19

Iris 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															15.40	28.19	44.86	19.12	14.98

Competitive Comparison of Iris Bhd's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Iris 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.

Iris Bhd's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Iris Bhd's Cash-to-Debt distribution charts can be found below:

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

Iris 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.

Iris Bhd's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	78.776	/	(2.795	+	0)
	=	28.18

Iris 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)
	=	115.386	/	(7.554	+	0.151)
	=	14.98

Iris Bhd (XKLS:0010) 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.

Iris Bhd Cash-to-Debt Related Terms

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

Iris Bhd (XKLS:0010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Iris Corp Bhd (XKLS:0010) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

IRIS Smart Tech Complex, Technology Park Malaysia, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.iris.com.my

Iris Corp Bhd is engaged in operations of segments such as Trusted Identification, Property Development and Construction subdivision, and Food and Agro Technology. It generates maximum revenue from the Trusted identification division segment. The trusted identification division segment includes e-Passports, e-Identification cards, banking cards, transportation, and other related Trusted Identification devices, equipment, and services. Geographically, it derives a majority of revenue from Africa and also has a presence in Malaysia, Asia Pacific, Oceania, and North America.

Iris Bhd (XKLS:0010) Headlines

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