Alpha Ocean Resources Bhd (XKLS:03051) Cash-to-Debt : 12.35 (As of Dec. 2023)

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What is Alpha Ocean Resources 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. Alpha Ocean Resources Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 12.35.

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, Alpha Ocean Resources Bhd could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XKLS:03051' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.35 Med: 36.98 Max: 359.03
Current: 12.35

During the past 5 years, Alpha Ocean Resources Bhd's highest Cash to Debt Ratio was 359.03. The lowest was 12.35. And the median was 36.98.

XKLS:03051's Cash-to-Debt is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.51 vs XKLS:03051: 12.35

Alpha Ocean Resources Bhd Cash-to-Debt Historical Data

The historical data trend for Alpha Ocean Resources 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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Alpha Ocean Resources Bhd Cash-to-Debt Chart

Alpha Ocean Resources Bhd Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

N/A

359.03

241.77

Alpha Ocean Resources Bhd Semi-Annual Data
	Jun19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			36.98	359.03	15.00	241.77	12.35

Competitive Comparison of Alpha Ocean Resources Bhd's Cash-to-Debt

For the Farm Products subindustry, Alpha Ocean Resources 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.

Alpha Ocean Resources Bhd's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Alpha Ocean Resources Bhd's Cash-to-Debt distribution charts can be found below:

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

Alpha Ocean Resources 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.

Alpha Ocean Resources Bhd's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	7.495	/	(0.021	+	0.01)
	=	241.77

Alpha Ocean Resources 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)
	=	6.457	/	(0.523	+	0)
	=	12.35

Alpha Ocean Resources Bhd (XKLS:03051) 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.

Alpha Ocean Resources Bhd Cash-to-Debt Related Terms

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Alpha Ocean Resources Bhd (XKLS:03051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Alpha Ocean Resources Bhd (XKLS:03051) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, Jalan Bangsar, Unit SO-33A-1 & SO-33A-8, Menara 1, Strata Offices, KL Eco City, Kuala Lumpur, MYS, 59200

Website

https://www.aorb.com.my

Alpha Ocean Resources Bhd is a tuna fishing and trading company based in Malaysia, which focuses on delivering premium tuna fishes. The company is committed to providing customers with quality catches that are affordable and take measures to ensure fishing operations are sustainable.

Alpha Ocean Resources Bhd (XKLS:03051) Headlines

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