L&P Global Bhd (XKLS:0268) Cash-to-Debt : 1.78 (As of Sep. 2024)

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What is L&P Global 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. L&P Global Bhd's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.78.

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, L&P Global Bhd could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for L&P Global Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:0268' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 1.09 Max: 1.78
Current: 1.78

During the past 5 years, L&P Global Bhd's highest Cash to Debt Ratio was 1.78. The lowest was 0.13. And the median was 1.09.

XKLS:0268's Cash-to-Debt is ranked better than
76.82% of 962 companies
in the Transportation industry
Industry Median: 0.46 vs XKLS:0268: 1.78

L&P Global Bhd Cash-to-Debt Historical Data

The historical data trend for L&P Global 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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L&P Global Bhd Cash-to-Debt Chart

L&P Global Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.16

0.15

0.13

0.14

1.23

L&P Global Bhd Quarterly Data
	Dec19	Dec20	Dec21	Jul22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial							1.12	1.23	1.50	1.55	1.78

Competitive Comparison of L&P Global Bhd's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, L&P Global 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.

L&P Global Bhd's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, L&P Global Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where L&P Global Bhd's Cash-to-Debt falls into.

L&P Global 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.

L&P Global 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)
	=	40.212	/	(3.003	+	29.731)
	=	1.23

L&P Global Bhd's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	54.667	/	(3.556	+	27.169)
	=	1.78

L&P Global Bhd (XKLS:0268) 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.

L&P Global Bhd Cash-to-Debt Related Terms

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L&P Global Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » L&P Global Bhd (XKLS:0268) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1328, Jalan Sungai Baong, Furniture Industrial Estate, Sungai Bakap, Pulau Pinang, PNG, MYS, 14200

Website

https://www.lpglobalbhd.com

L&P Global Bhd is an integrated industrial packaging solution provider. The group is principally involved in the design and manufacture of wooden industrial packaging products, including boxes, crates, and pallets. It also provides packing services, circular supply services, and trading of related products and raw materials.

L&P Global Bhd Headlines

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