AbleGroup Bhd (XKLS:7086) Cash-to-Debt : 9.89 (As of Dec. 2024)

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What is AbleGroup 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. AbleGroup Bhd's cash to debt ratio for the quarter that ended in Dec. 2024 was 9.89.

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, AbleGroup 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 AbleGroup Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:7086' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.38 Med: 3.55 Max: 9.89
Current: 9.89

During the past 13 years, AbleGroup Bhd's highest Cash to Debt Ratio was 9.89. The lowest was 0.38. And the median was 3.55.

XKLS:7086's Cash-to-Debt is ranked better than
84.51% of 1724 companies
in the Construction industry
Industry Median: 0.63 vs XKLS:7086: 9.89

AbleGroup Bhd Cash-to-Debt Historical Data

The historical data trend for AbleGroup 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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AbleGroup Bhd Cash-to-Debt Chart

AbleGroup Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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4.35

8.40

2.90

6.39

9.89

AbleGroup 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															6.39	7.28	7.97	8.73	9.89

Competitive Comparison of AbleGroup Bhd's Cash-to-Debt

For the Building Products & Equipment subindustry, AbleGroup 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.

AbleGroup Bhd's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, AbleGroup Bhd's Cash-to-Debt distribution charts can be found below:

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

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AbleGroup 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.

AbleGroup Bhd's Cash to Debt Ratio for the fiscal year 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)
	=	4.508	/	(0.222	+	0.234)
	=	9.89

AbleGroup 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)
	=	4.508	/	(0.222	+	0.234)
	=	9.89

AbleGroup Bhd (XKLS:7086) 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.

AbleGroup Bhd Cash-to-Debt Related Terms

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AbleGroup Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

AbleGroup Bhd Headlines

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