Nextgreen Global Berhad (XKLS:7241) Cash-to-Debt : 0.06 (As of Mar. 2024)

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What is Nextgreen Global Berhad 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. Nextgreen Global Berhad's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.06.

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, Nextgreen Global Berhad 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 Nextgreen Global Berhad's Cash-to-Debt or its related term are showing as below:

XKLS:7241' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.24 Max: No Debt
Current: 0.06

During the past 13 years, Nextgreen Global Berhad's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.24.

XKLS:7241's Cash-to-Debt is ranked worse than
90.62% of 1066 companies
in the Business Services industry
Industry Median: 0.99 vs XKLS:7241: 0.06

Nextgreen Global Berhad Cash-to-Debt Historical Data

The historical data trend for Nextgreen Global Berhad'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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Nextgreen Global Berhad Cash-to-Debt Chart

Nextgreen Global Berhad Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.57

0.06

0.08

Nextgreen Global Berhad Quarterly Data
	Sep18	Dec18	Mar19	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															0.07	0.12	0.11	0.08	0.06

Competitive Comparison of Nextgreen Global Berhad's Cash-to-Debt

For the Specialty Business Services subindustry, Nextgreen Global Berhad'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.

Nextgreen Global Berhad's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Nextgreen Global Berhad's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nextgreen Global Berhad's Cash-to-Debt falls into.

Nextgreen Global Berhad 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.

Nextgreen Global Berhad's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	5.805	/	(5.763	+	64.236)
	=	0.08

Nextgreen Global Berhad'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)
	=	4.484	/	(5.574	+	64.952)
	=	0.06

Nextgreen Global Berhad (XKLS:7241) 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.

Nextgreen Global Berhad Cash-to-Debt Related Terms

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Nextgreen Global Berhad (XKLS:7241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nextgreen Global Berhad (XKLS:7241) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Wan Kadir, Level 6-02, Menara LGB, Taman Tun Dr Ismail, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.nextgreenglobal.com

Nextgreen Global Berhad is an investment holding company. It is engaged in the printing of magazines, general publications, directories, company annual reports, as well as brochures and pamphlets. The company is organized into five reportable segments comprising Printing and Publishing, Manufacturing, Property and construction, Investment Holding and Utility and Renewable energy. The revenue is generated mainly from Property and construction segment. Its primary geographic markets are Malaysia, Nigeria, Kenya, and the Republic of Palau.

Nextgreen Global Berhad (XKLS:7241) Headlines

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