Shin Yang Group Bhd (XKLS:5173) Cash-to-Debt : 7.29 (As of Sep. 2024)

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What is Shin Yang Group 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. Shin Yang Group Bhd's cash to debt ratio for the quarter that ended in Sep. 2024 was 7.29.

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, Shin Yang Group 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 Shin Yang Group Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:5173' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.26 Max: 7.29
Current: 7.29

During the past 13 years, Shin Yang Group Bhd's highest Cash to Debt Ratio was 7.29. The lowest was 0.04. And the median was 0.26.

XKLS:5173's Cash-to-Debt is ranked better than
88.55% of 961 companies
in the Transportation industry
Industry Median: 0.46 vs XKLS:5173: 7.29

Shin Yang Group Bhd Cash-to-Debt Historical Data

The historical data trend for Shin Yang Group 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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Shin Yang Group Bhd Cash-to-Debt Chart

Shin Yang Group Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.39

0.63

1.37

2.86

5.79

Shin Yang Group Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															3.57	4.98	5.16	5.79	7.29

Competitive Comparison of Shin Yang Group Bhd's Cash-to-Debt

For the Marine Shipping subindustry, Shin Yang Group 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.

Shin Yang Group Bhd's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shin Yang Group Bhd's Cash-to-Debt distribution charts can be found below:

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

Shin Yang Group 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.

Shin Yang Group Bhd's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	432.222	/	(49.159	+	25.503)
	=	5.79

Shin Yang Group 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)
	=	439.871	/	(37.243	+	23.063)
	=	7.29

Shin Yang Group Bhd (XKLS:5173) 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.

Shin Yang Group Bhd Cash-to-Debt Related Terms

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Shin Yang Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shin Yang Group Bhd (XKLS:5173) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Sublot 153, Parent Lot 70, Jalan Kuala Baram, Kuala Baram, Miri, SWK, MYS, 98100

Website

https://www.syshippingcorp.com.my

Shin Yang Group Bhd formerly Shin Yang Shipping Corp Bhd is a shipping company engaged in shipbuilding and shipping services. Its business segments includes: shipping, ship repair and fabrication of metal structures segment; domestic and regional shipping segment which generates the majority of revenue, carries out shipping business in coastal and regional routes within Malaysia and the ASEAN region; International shipping segment; Land transportation and hiring services segment; Manufacturing, distribution and marketing of industrial gases, provision of services and maintenance and trading in welding equipment and machinery; and Others segment consist of the business of shipping agency. It operates in various countries like Malaysia, Singapore, Netherlands, Japan, Taiwan, and others.

Shin Yang Group Bhd Headlines

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