EITA Resources Bhd (XKLS:5208) Cash-to-Debt : 1.29 (As of Mar. 2024)

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What is EITA 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. EITA Resources Bhd's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.29.

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, EITA Resources Bhd could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XKLS:5208' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 1.51 Max: 4.04
Current: 1.29

During the past 13 years, EITA Resources Bhd's highest Cash to Debt Ratio was 4.04. The lowest was 0.68. And the median was 1.51.

XKLS:5208's Cash-to-Debt is ranked better than
50.98% of 2995 companies
in the Industrial Products industry
Industry Median: 1.23 vs XKLS:5208: 1.29

EITA Resources Bhd Cash-to-Debt Historical Data

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

EITA Resources Bhd Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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2.27

2.00

1.44

1.60

0.86

EITA Resources Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.27	1.04	0.86	1.54	1.29

Competitive Comparison of EITA Resources Bhd's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, EITA 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.

EITA Resources Bhd's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, EITA Resources Bhd's Cash-to-Debt distribution charts can be found below:

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

EITA 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.

EITA Resources Bhd's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	61.63	/	(58.843	+	13.108)
	=	0.86

EITA Resources Bhd's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	69.862	/	(42.54	+	11.551)
	=	1.29

EITA Resources Bhd (XKLS:5208) 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.

EITA Resources Bhd Cash-to-Debt Related Terms

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EITA Resources Bhd (XKLS:5208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EITA Resources Bhd (XKLS:5208) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 4, Block A, Jalan SS13/7, Subang Jaya Industrial Estate, Subang Jaya, SGR, MYS, 47500

Website

http://www.eita.com.my

EITA Resources Bhd is an investment holding company. The business of the company operates through various segments that are Design & Manufacturing, which includes purchasing, designing, and manufacturing of elevator and bus ducts; Marketing & Distribution, which includes purchasing, marketing, and distributing electrical and electronic components; Services, which is into the maintenance of elevator systems and carrying out civil, electrical, and general construction works; and High Voltage system, which carries out electrical engineering, and general construction work. Its products include elevators, power equipment, cabling, control equipment, security, green technology, and lighting & surge protection system. Its geographical segments are Malaysia, ASEAN, the Middle East, and others.

EITA Resources Bhd (XKLS:5208) Headlines

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