Eversafe Rubber Bhd (XKLS:0190) Cash-to-Debt : 0.46 (As of Mar. 2024)

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What is Eversafe Rubber 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. Eversafe Rubber Bhd's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.46.

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, Eversafe Rubber Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XKLS:0190' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.51 Max: 2.06
Current: 0.46

During the past 11 years, Eversafe Rubber Bhd's highest Cash to Debt Ratio was 2.06. The lowest was 0.34. And the median was 0.51.

XKLS:0190's Cash-to-Debt is ranked worse than
55.19% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs XKLS:0190: 0.46

Eversafe Rubber Bhd Cash-to-Debt Historical Data

The historical data trend for Eversafe Rubber 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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Eversafe Rubber Bhd Cash-to-Debt Chart

Eversafe Rubber Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.47

0.45

0.38

0.42

0.36

Eversafe Rubber Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.48	0.43	0.51	0.36	0.46

Competitive Comparison of Eversafe Rubber Bhd's Cash-to-Debt

For the Auto Parts subindustry, Eversafe Rubber 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.

Eversafe Rubber Bhd's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Eversafe Rubber Bhd's Cash-to-Debt distribution charts can be found below:

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

Eversafe Rubber 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.

Eversafe Rubber 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)
	=	16.766	/	(30.354	+	16.157)
	=	0.36

Eversafe Rubber 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)
	=	19.816	/	(28.818	+	14.673)
	=	0.46

Eversafe Rubber Bhd (XKLS:0190) 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.

Eversafe Rubber Bhd Cash-to-Debt Related Terms

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

Eversafe Rubber Bhd (XKLS:0190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eversafe Rubber Bhd (XKLS:0190) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 94, Lebuh Portland, Tasek Industrial Estate, Ipoh, PRK, MYS, 31400

Website

http://www.eversafe.com.my

Eversafe Rubber Bhd is a rubber product manufacturing company. It is engaged in the development, manufacturing, and distribution of tyre retreading materials and tyre retreading operations. The group has a single reporting segment being Manufacturing and Sale of Rubber-based tyre retread products. It derives the majority of its geographical segment revenue from Malaysia.

Eversafe Rubber Bhd (XKLS:0190) Headlines

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