Mag Holdings Bhd (XKLS:0095) Cash-to-Debt : 1.94 (As of Dec. 2023)

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What is Mag Holdings 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. Mag Holdings Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.94.

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

XKLS:0095' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.65 Med: 1.89 Max: No Debt
Current: 1.94

During the past 13 years, Mag Holdings Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 0.65. And the median was 1.89.

XKLS:0095's Cash-to-Debt is ranked better than
71.39% of 1849 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs XKLS:0095: 1.94

Mag Holdings Bhd Cash-to-Debt Historical Data

The historical data trend for Mag Holdings 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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Mag Holdings Bhd Cash-to-Debt Chart

Mag Holdings Bhd Annual Data

Trend

Jan11

Jan12

Jan13

Dec15

Dec16

Dec17

Dec18

Dec19

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

616.39

1.32

1.89

1.82

1.80

Mag Holdings Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.82	1.86	1.80	1.85	1.94

Competitive Comparison of Mag Holdings Bhd's Cash-to-Debt

For the Farm Products subindustry, Mag Holdings 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.

Mag Holdings Bhd's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mag Holdings Bhd's Cash-to-Debt distribution charts can be found below:

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

Mag Holdings 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.

Mag Holdings 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)
	=	215.028	/	(23.298	+	96.407)
	=	1.80

Mag Holdings 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)
	=	221.589	/	(21.813	+	92.662)
	=	1.94

Mag Holdings Bhd (XKLS:0095) 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.

Mag Holdings Bhd Cash-to-Debt Related Terms

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Mag Holdings Bhd (XKLS:0095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mag Holdings Bhd (XKLS:0095) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gateway Kiaramas, B-3-12, Gateway Corporate Suites, No 1, Jalan Desa Kiara, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.magholdings.com.my

Mag Holdings Bhd is engaged in the prawn aquaculture business. Its segment includes Live prawns aquaculture and trading. The company generates revenue through Trading of Prawns. Geographically company operates only through Malaysia.

Mag Holdings Bhd (XKLS:0095) Headlines

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