Wong Engineering Bhd (XKLS:7050) Cash-to-Debt : 0.54 (As of Jan. 2024)

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What is Wong Engineering 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. Wong Engineering Bhd's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.54.

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, Wong Engineering Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

XKLS:7050' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 1.01 Max: 8.16
Current: 0.54

During the past 13 years, Wong Engineering Bhd's highest Cash to Debt Ratio was 8.16. The lowest was 0.14. And the median was 1.01.

XKLS:7050's Cash-to-Debt is ranked worse than
66.23% of 3009 companies
in the Industrial Products industry
Industry Median: 1.22 vs XKLS:7050: 0.54

Wong Engineering Bhd Cash-to-Debt Historical Data

The historical data trend for Wong Engineering 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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Wong Engineering Bhd Cash-to-Debt Chart

Wong Engineering Bhd Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

1.63

1.24

1.47

0.73

0.58

Wong Engineering 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															0.82	0.83	0.67	0.58	0.54

Competitive Comparison of Wong Engineering Bhd's Cash-to-Debt

For the Metal Fabrication subindustry, Wong Engineering 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.

Wong Engineering Bhd's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Wong Engineering 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.

Wong Engineering Bhd's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	24.125	/	(5.167	+	36.153)
	=	0.58

Wong Engineering 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)
	=	21.479	/	(5.144	+	34.881)
	=	0.54

Wong Engineering Bhd (XKLS:7050) 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.

Wong Engineering Bhd Cash-to-Debt Related Terms

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Wong Engineering Bhd (XKLS:7050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wong Engineering Corp Bhd (XKLS:7050) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 24, Jalan Hi-Tech 4, Phase 1, Kulim Hi-Tech Park (Phase 1), Kulim, KDH, MYS, 09000

Website

https://www.wec.com.my

Wong Engineering Corp Bhd provides product design, development and manufacturing services to its customers from industries including the Oil and Gas, Aerospace, Telecommunication, Test Instrument, Automotive and Medical Devices sector. The company offers its customer a one-stop value-added mechanical solution that encompasses the entire supply chain till the final assembly. The segments of the company are, 1) Precision engineering which includes the design and manufacture of high-precision metal stamped parts and sheet metals. 2) Construction and property development includes the provision of general buildings construction and infrastructure work,and the provision of property development and related business. 3) Others include Investment holding.

Wong Engineering Bhd (XKLS:7050) Headlines

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