IJM Bhd (XKLS:3336) Cash-to-Debt : 0.68 (As of Dec. 2023)

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What is IJM 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. IJM Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.68.

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, IJM Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XKLS:3336' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.38 Max: 0.69
Current: 0.68

During the past 13 years, IJM Bhd's highest Cash to Debt Ratio was 0.69. The lowest was 0.23. And the median was 0.38.

XKLS:3336's Cash-to-Debt is ranked better than
58.52% of 528 companies
in the Conglomerates industry
Industry Median: 0.49 vs XKLS:3336: 0.68

IJM Bhd Cash-to-Debt Historical Data

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

IJM Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.23

0.39

0.36

0.55

0.51

IJM Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.61	0.51	0.59	0.62	0.68

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

For the Conglomerates subindustry, IJM 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.

IJM Bhd's Cash-to-Debt Distribution in the Conglomerates Industry

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

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

IJM 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.

IJM 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)
	=	2831.621	/	(1738.983	+	3837.181)
	=	0.51

IJM 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)
	=	3838.882	/	(2162.781	+	3489.285)
	=	0.68

IJM Bhd (XKLS:3336) 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.

IJM Bhd Cash-to-Debt Related Terms

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IJM Bhd (XKLS:3336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » IJM Corp Bhd (XKLS:3336) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Yong Shook Lin, 2nd Floor, Wisma IJM, Petaling Jaya, SGR, MYS, 46050

Website

https://www.ijm.com

IJM Corp Bhd is an investment holding company. It constructs hotels, residential complexes, highways and transportation systems, and other large industrial structures. In addition, the company provides construction materials for in-house support and external customers. It utilizes quarry operations, ready-mixed concrete, scaffolding, and other supplies to provide reliable solutions. IJM has five operating segments: Construction, Property development, Manufacturing and quarrying, Infrastructure and Investment and others. The majority of the company's revenue is derived from Malaysia.

IJM Bhd (XKLS:3336) Headlines

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