Asia Poly Holdings Bhd (XKLS:0105) Cash-to-Debt : 0.26 (As of Dec. 2023)

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What is Asia Poly 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. Asia Poly Holdings Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.26.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Asia Poly Holdings Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Asia Poly Holdings Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:0105' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 1.8 Max: 8.11
Current: 0.26

During the past 13 years, Asia Poly Holdings Bhd's highest Cash to Debt Ratio was 8.11. The lowest was 0.26. And the median was 1.80.

XKLS:0105's Cash-to-Debt is ranked worse than
73.29% of 1509 companies
in the Chemicals industry
Industry Median: 0.74 vs XKLS:0105: 0.26

Asia Poly Holdings Bhd Cash-to-Debt Historical Data

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

Asia Poly Holdings Bhd Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.85

2.23

1.37

0.29

0.26

Asia Poly Holdings 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															0.29	0.40	0.51	0.53	0.26

Competitive Comparison of Asia Poly Holdings Bhd's Cash-to-Debt

For the Specialty Chemicals subindustry, Asia Poly 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.

Asia Poly Holdings Bhd's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asia Poly Holdings Bhd's Cash-to-Debt distribution charts can be found below:

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

Asia Poly 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.

Asia Poly Holdings Bhd's Cash to Debt Ratio for the fiscal year 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)
	=	16.049	/	(30.035	+	30.771)
	=	0.26

Asia Poly 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)
	=	16.049	/	(30.035	+	30.771)
	=	0.26

Asia Poly Holdings Bhd (XKLS:0105) 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.

Asia Poly Holdings Bhd Cash-to-Debt Related Terms

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

Asia Poly Holdings Bhd (XKLS:0105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asia Poly Holdings Bhd (XKLS:0105) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 758, Jalan Haji Sirat, Mukim Kapar, Klang, SGR, MYS, 42100

Website

https://www.asiapoly.com.my

Asia Poly Holdings Bhd is an investment holding company engaged in the manufacturing and selling of cast acrylic products. The business activity of the group is operated through Manufacturing, Trading, Property development, Renewable energy, Investment holdings and Other segments. Geographically the company operates in Malaysia. Middle East, Europe, USA, India, Brazil and others.

Asia Poly Holdings Bhd (XKLS:0105) Headlines

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