MCE Holdings Bhd (XKLS:7004) Cash-to-Debt : 2.63 (As of Jan. 2024)

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What is MCE Holdings 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. MCE Holdings Bhd's cash to debt ratio for the quarter that ended in Jan. 2024 was 2.63.

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, MCE Holdings Bhd could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

XKLS:7004' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 1.36 Max: 11.61
Current: 2.63

During the past 13 years, MCE Holdings Bhd's highest Cash to Debt Ratio was 11.61. The lowest was 0.12. And the median was 1.36.

XKLS:7004's Cash-to-Debt is ranked better than
75.71% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs XKLS:7004: 2.63

MCE Holdings Bhd Cash-to-Debt Historical Data

The historical data trend for MCE Holdings 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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MCE Holdings Bhd Cash-to-Debt Chart

MCE Holdings Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.31

0.18

0.25

0.28

1.32

MCE Holdings Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.32	1.29	1.32	1.94	2.63

Competitive Comparison of MCE Holdings Bhd's Cash-to-Debt

For the Auto Parts subindustry, MCE Holdings 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.

MCE Holdings Bhd's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MCE Holdings Bhd's Cash-to-Debt distribution charts can be found below:

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

MCE Holdings 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.

MCE Holdings Bhd's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	21.034	/	(2.914	+	12.985)
	=	1.32

MCE Holdings Bhd's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	39.884	/	(2.908	+	12.249)
	=	2.63

MCE Holdings Bhd (XKLS:7004) 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.

MCE Holdings Bhd Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MCE Holdings Bhd's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MCE Holdings Bhd (XKLS:7004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MCE Holdings Bhd (XKLS:7004) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 and 4, Jalan Waja 7, Kawasan Perindustrian Pandan, Johor Bahru, JHR, MYS, 81100

Website

https://www.multicode.com.my

MCE Holdings Bhd is engaged in the manufacturing and supply of automotive electronics and mechatronics parts. It operates in two segments namely, Automotive parts which comprise of manufacturing and trading of automotive parts which also contributes a major part of revenue, and the Healthcare services segment comprises various health care services. The company's product portfolio includes products like anti-theft and keyless entry systems, passive start and entry systems, immobilizer systems, parking sensors systems, microwave motion, ignition key set systems, as well as anti-hijack and related auto parts. Most of its revenue comes from the Malaysian market.

MCE Holdings Bhd (XKLS:7004) Headlines

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