Carimin Petroleum Bhd (XKLS:5257) Cash-to-Debt : 3.07 (As of Dec. 2024)

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What is Carimin Petroleum 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. Carimin Petroleum Bhd's cash to debt ratio for the quarter that ended in Dec. 2024 was 3.07.

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, Carimin Petroleum Bhd could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

XKLS:5257' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 2.84 Max: 20.3
Current: 3.07

During the past 11 years, Carimin Petroleum Bhd's highest Cash to Debt Ratio was 20.30. The lowest was 0.86. And the median was 2.84.

XKLS:5257's Cash-to-Debt is ranked better than
70.48% of 989 companies
in the Oil & Gas industry
Industry Median: 0.52 vs XKLS:5257: 3.07

Carimin Petroleum Bhd Cash-to-Debt Historical Data

The historical data trend for Carimin Petroleum 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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Carimin Petroleum Bhd Cash-to-Debt Chart

Carimin Petroleum Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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2.40

3.04

2.33

5.73

4.99

Carimin Petroleum Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															14.79	3.68	4.99	2.67	3.07

Competitive Comparison of Carimin Petroleum Bhd's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Carimin Petroleum 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.

Carimin Petroleum Bhd's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Carimin Petroleum Bhd's Cash-to-Debt distribution charts can be found below:

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

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Carimin Petroleum 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.

Carimin Petroleum 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)
	=	56.087	/	(3.557	+	7.686)
	=	4.99

Carimin Petroleum Bhd's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	81.121	/	(4.254	+	22.215)
	=	3.06

Carimin Petroleum Bhd (XKLS:5257) 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.

Carimin Petroleum Bhd Cash-to-Debt Related Terms

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Carimin Petroleum Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Carimin Petroleum Bhd (XKLS:5257) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

189, Jalan Tun Razak, B-1-6, Block B, Megan Avenue 1, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50400

Website

https://www.carimin.com

Carimin Petroleum Bhd provides technical and engineering support services to the oil and gas industry in Malaysia. The company's services include hook-up, commissioning production platform system maintenance and upgrading, manpower supply, and minor fabrication service. It has five reportable segments namely Manpower services, Construction, hook-up and commissioning, top maintenance, Marine services, Civil construction, and others. The company generates maximum revenue from Construction, hook up, and commissioning, top maintenance segment, which provides offshore hook-up and commissioning on production platforms typically involving the final installation, testing and commissioning of the facilities' structures machinery. Geographically, it operates only in Malaysia.

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