Kobay Technology Bhd (XKLS:6971) Cash-to-Debt : 0.40 (As of Mar. 2024)

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What is Kobay Technology 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. Kobay Technology Bhd's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.40.

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, Kobay Technology Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XKLS:6971' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 1.8 Max: 3.48
Current: 0.4

During the past 13 years, Kobay Technology Bhd's highest Cash to Debt Ratio was 3.48. The lowest was 0.40. And the median was 1.80.

XKLS:6971's Cash-to-Debt is ranked worse than
72.29% of 3003 companies
in the Industrial Products industry
Industry Median: 1.22 vs XKLS:6971: 0.40

Kobay Technology Bhd Cash-to-Debt Historical Data

The historical data trend for Kobay Technology 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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Kobay Technology Bhd Cash-to-Debt Chart

Kobay Technology Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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1.78

1.08

1.12

0.96

0.43

Kobay Technology 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															0.54	0.43	0.47	0.41	0.40

Competitive Comparison of Kobay Technology Bhd's Cash-to-Debt

For the Metal Fabrication subindustry, Kobay Technology 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.

Kobay Technology Bhd's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Kobay Technology 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.

Kobay Technology 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)
	=	43.505	/	(59.891	+	41.421)
	=	0.43

Kobay Technology 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)
	=	49.269	/	(85.481	+	38.632)
	=	0.40

Kobay Technology Bhd (XKLS:6971) 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.

Kobay Technology Bhd Cash-to-Debt Related Terms

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Kobay Technology Bhd (XKLS:6971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kobay Technology Bhd (XKLS:6971) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42-B Jalan Rangoon, 3rd Floor, Wisma Kobay, Georgetown, PNG, MYS, 10400

Website

https://www.kobaytech.com

Kobay Technology Bhd is an investment holding company. The company's operating segment includes Manufacturing and Property development, Pharmaceutical and healthcare, Asset Management and Other. It generates maximum revenue from the Manufacturing segment. The Manufacturing segment is engaged in the manufacture of precision machined components, precision stamping, sheet metal parts, surface treatment, precision moulds, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment. Geographically, it derives a majority of revenue from Malaysia.

Kobay Technology Bhd (XKLS:6971) Headlines

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