Harvest Miracle Capital Bhd (XKLS:0060) Cash-to-Debt : 5.38 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Harvest Miracle Capital 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. Harvest Miracle Capital Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.38.

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

XKLS:0060' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.65 Med: 22.78 Max: 320.49
Current: 5.38

During the past 13 years, Harvest Miracle Capital Bhd's highest Cash to Debt Ratio was 320.49. The lowest was 0.65. And the median was 22.78.

XKLS:0060's Cash-to-Debt is ranked better than
60.2% of 2799 companies
in the Software industry
Industry Median: 2.47 vs XKLS:0060: 5.38

Harvest Miracle Capital Bhd Cash-to-Debt Historical Data

The historical data trend for Harvest Miracle Capital 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.

* Premium members only.

Harvest Miracle Capital Bhd Cash-to-Debt Chart

Harvest Miracle Capital Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

57.09

0.65

0.94

17.75

7.89

Harvest Miracle Capital 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															26.66	7.89	9.23	10.11	5.38

Competitive Comparison of Harvest Miracle Capital Bhd's Cash-to-Debt

For the Information Technology Services subindustry, Harvest Miracle Capital 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.

Harvest Miracle Capital Bhd's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Harvest Miracle Capital Bhd's Cash-to-Debt distribution charts can be found below:

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

Harvest Miracle Capital 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.

Harvest Miracle Capital 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)
	=	63.404	/	(1.728	+	6.307)
	=	7.89

Harvest Miracle Capital 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)
	=	46.794	/	(1.572	+	7.131)
	=	5.38

Harvest Miracle Capital Bhd (XKLS:0060) 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.

Harvest Miracle Capital Bhd Cash-to-Debt Related Terms

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

Harvest Miracle Capital Bhd (XKLS:0060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Miracle Capital Bhd (XKLS:0060) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0060PA.PFD:Malaysia

Address

No 685, Jalan Damansara, TTDI, 9-3A, Oval Tower, Damansara, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.hmcap.my

Harvest Miracle Capital Bhd is an investment holding company. It operates in seven segments that are IT and ICT, Property Construction, Investment Properties, Property development, Plantation, Money lending business, and Investment holding. It generates the vast majority of its revenue from the IT and ICT segment that is engaged in trading in IT and ICT-related products and software development and support services and others. Its product categories include the Vacuum valve and Rupture Disk. Geographically, it operates only in Malaysia.

Harvest Miracle Capital Bhd (XKLS:0060) Headlines

No Headlines