Zen Tech International Bhd (XKLS:0094) Cash-to-Debt : 1.80 (As of Mar. 2024)

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What is Zen Tech International 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. Zen Tech International Bhd's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.80.

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, Zen Tech International Bhd could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Zen Tech International Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:0094' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: 1.8

During the past 13 years, Zen Tech International Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

XKLS:0094's Cash-to-Debt is ranked worse than
50.99% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.9 vs XKLS:0094: 1.80

Zen Tech International Bhd Cash-to-Debt Historical Data

The historical data trend for Zen Tech International 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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Zen Tech International Bhd Cash-to-Debt Chart

Zen Tech International Bhd Annual Data

Trend

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jun22

Jun23

Cash-to-Debt

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No Debt

0.09

0.19

Zen Tech International Bhd Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Apr20	Jul20	Oct20	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.70	0.19	0.40	0.25	1.80

Competitive Comparison of Zen Tech International Bhd's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Zen Tech International 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.

Zen Tech International Bhd's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Zen Tech International Bhd's Cash-to-Debt distribution charts can be found below:

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

Zen Tech International 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.

Zen Tech International Bhd's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.04	/	(3.442	+	1.967)
	=	0.19

Zen Tech International Bhd's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	6.57	/	(1.688	+	1.966)
	=	1.80

Zen Tech International Bhd (XKLS:0094) 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.

Zen Tech International Bhd Cash-to-Debt Related Terms

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Zen Tech International Bhd (XKLS:0094) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zen Tech International Bhd (XKLS:0094) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lingkaran Syed Putra, Unit No. 53-6 The Boulevard, Mid Valley City, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.ztech.com.my

Zen Tech International Bhd is a is Malaysia-based investment holding company. The company and its subsidiaries are predominantly engaged in software development, system integration, IT management consulting, and other related professional services. segments, The company operates in three business segments namely, the Software and Books segment, which comprises of software development and system integration solutions; the Gloves segment, which comprises the manufacturing of rubber gloves, and the Corporate segment, which comprises of investment holdings and other related services. Substantial portion of its overall revenue is generated from the Gloves segment and majority of its revenue is generated from the Malaysian market.

Zen Tech International Bhd (XKLS:0094) Headlines

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