Glostrext Bhd (XKLS:0284) Cash-to-Debt : 2.90 (As of Mar. 2023)

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What is Glostrext 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. Glostrext Bhd's cash to debt ratio for the quarter that ended in Mar. 2023 was 2.90.

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, Glostrext Bhd could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

XKLS:0284' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 0.56 Max: 2.9
Current: 2.9

During the past 4 years, Glostrext Bhd's highest Cash to Debt Ratio was 2.90. The lowest was 0.32. And the median was 0.56.

XKLS:0284's Cash-to-Debt is ranked better than
74.93% of 1675 companies
in the Construction industry
Industry Median: 0.63 vs XKLS:0284: 2.90

Glostrext Bhd Cash-to-Debt Historical Data

The historical data trend for Glostrext 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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Glostrext Bhd Cash-to-Debt Chart

Glostrext Bhd Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.32

0.42

0.71

2.90

Glostrext Bhd Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	0.32	0.42	0.71	2.90

Competitive Comparison of Glostrext Bhd's Cash-to-Debt

For the Engineering & Construction subindustry, Glostrext 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.

Glostrext Bhd's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Glostrext Bhd's Cash-to-Debt distribution charts can be found below:

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

Glostrext 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.

Glostrext Bhd's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	26.705	/	(0.619	+	8.584)
	=	2.90

Glostrext Bhd's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	26.705	/	(0.619	+	8.584)
	=	2.90

Glostrext Bhd (XKLS:0284) 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.

Glostrext Bhd Cash-to-Debt Related Terms

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Glostrext Bhd (XKLS:0284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glostrext Bhd (XKLS:0284) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, Shah Alam, SGR, MYS, 40150

Website

https://www.glostrext.com

Glostrext Bhd is a geotechnical instrumentation service provider, where it provides piling, structural and geotechnical-related services, covering instrumentation, testing and monitoring services to construction projects as well as completed buildings and infrastructure. Its service offerings can be categorized into 2 segments; Provision of pile instrumentation and static load test services to construction projects and Provision of structural and ground instrumentation and monitoring services to construction projects as well as completed buildings and infrastructures. The majority of revenue is derived from pile instrumentation and static load test services.

Glostrext Bhd (XKLS:0284) Headlines

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