ICT Zone Asia Bhd (XKLS:03038) Cash-to-Debt : 0.13 (As of Jul. 2024)

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What is ICT Zone Asia 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. ICT Zone Asia Bhd's cash to debt ratio for the quarter that ended in Jul. 2024 was 0.13.

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, ICT Zone Asia Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

XKLS:03038' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.24 Max: 0.55
Current: 0.13

During the past 6 years, ICT Zone Asia Bhd's highest Cash to Debt Ratio was 0.55. The lowest was 0.05. And the median was 0.24.

XKLS:03038's Cash-to-Debt is ranked worse than
89.4% of 2810 companies
in the Software industry
Industry Median: 2.385 vs XKLS:03038: 0.13

ICT Zone Asia Bhd Cash-to-Debt Historical Data

The historical data trend for ICT Zone Asia 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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ICT Zone Asia Bhd Cash-to-Debt Chart

ICT Zone Asia Bhd Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.06

0.26

0.55

0.24

0.14

ICT Zone Asia Bhd Semi-Annual Data
	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial							0.27	0.24	0.09	0.14	0.13

Competitive Comparison of ICT Zone Asia Bhd's Cash-to-Debt

For the Information Technology Services subindustry, ICT Zone Asia 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.

ICT Zone Asia Bhd's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, ICT Zone Asia Bhd's Cash-to-Debt distribution charts can be found below:

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

ICT Zone Asia 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.

ICT Zone Asia Bhd's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	13.415	/	(36.289	+	60.307)
	=	0.14

ICT Zone Asia Bhd's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	14.064	/	(30.901	+	80.114)
	=	0.13

ICT Zone Asia Bhd (XKLS:03038) 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.

ICT Zone Asia Bhd Cash-to-Debt Related Terms

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ICT Zone Asia Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICT Zone Asia Bhd (XKLS:03038) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

03038P.PFD:Malaysia

Address

Jalan Ampang Putra, Ground Floor, Block H, Excella Business Park, Wilayah Persekutuan, Ampang, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.ictzone.asia

ICT Zone Asia Bhd is an investment holding company. It operates in the following segments: Leasing, which involves the operating lease of ICT hardware and software without services as well as disposal of assets returned at the end of the operating lease; Trading includes outright sales of ICT hardware and software; Service segment includes the provision of ICT services that comprise of corrective and preventative maintenance; Rental segment includes rental of ICT hardware and software inclusive of corrective and preventative maintenance; and Cloud solution and service.

ICT Zone Asia Bhd Headlines

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