YGL Convergence Bhd (XKLS:0086) Cash-to-Debt : 4.63 (As of Dec. 2023)

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What is YGL Convergence 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. YGL Convergence Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.63.

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

XKLS:0086' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 2.72 Max: No Debt
Current: 4.63

During the past 13 years, YGL Convergence Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 0.27. And the median was 2.72.

XKLS:0086's Cash-to-Debt is ranked better than
69.92% of 2477 companies
in the Hardware industry
Industry Median: 1.32 vs XKLS:0086: 4.63

YGL Convergence Bhd Cash-to-Debt Historical Data

The historical data trend for YGL Convergence 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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YGL Convergence Bhd Cash-to-Debt Chart

YGL Convergence Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

8.46

No Debt

1.99

1.69

YGL Convergence Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	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															1.90	1.69	2.80	2.74	4.63

Competitive Comparison of YGL Convergence Bhd's Cash-to-Debt

For the Electronics & Computer Distribution subindustry, YGL Convergence 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.

YGL Convergence Bhd's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, YGL Convergence Bhd's Cash-to-Debt distribution charts can be found below:

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

YGL Convergence 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.

YGL Convergence 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)
	=	2.866	/	(1.7	+	0)
	=	1.69

YGL Convergence 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)
	=	5.124	/	(1.107	+	0)
	=	4.63

YGL Convergence Bhd (XKLS:0086) 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.

YGL Convergence Bhd Cash-to-Debt Related Terms

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YGL Convergence Bhd (XKLS:0086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » YGL Convergence Bhd (XKLS:0086) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Scotland Road, George Town, PNG, MYS, 10450

Website

https://www.yglworld.com

YGL Convergence Bhd is principally engaged in the marketing and distribution of computer software and hardware and the provision of professional service. The Group's reportable segment includes Software implementation, which is engaged in the Provision of software installation, commissioning, support, and maintenance services and its related services; the Solar panel installation segment, which is engaged in the Provision of engineering, procurement, construction, and commissioning services in solar energy solution and its related services. The majority of the company's revenue is derived from software panel installations. The company's geographical segments include Malaysia, Hong Kong, and other countries, out of which Malaysia derives the majority revenue.

YGL Convergence Bhd (XKLS:0086) Headlines

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