Bright Packaging Industry Bhd (XKLS:9938) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Bright Packaging Industry 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. Bright Packaging Industry Bhd's cash to debt ratio for the quarter that ended in Feb. 2024 was No Debt ⁽¹⁾.

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, Bright Packaging Industry Bhd could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(1) 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.

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

XKLS:9938' s Cash-to-Debt Range Over the Past 10 Years
Min: -202.84 Med: 1469.93 Max: No Debt
Current: 1087.06

During the past 13 years, Bright Packaging Industry Bhd's highest Cash to Debt Ratio was No Debt. The lowest was -202.84. And the median was 1469.93.

XKLS:9938's Cash-to-Debt is ranked better than
95.09% of 387 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs XKLS:9938: 1087.06

Bright Packaging Industry Bhd Cash-to-Debt Historical Data

The historical data trend for Bright Packaging Industry 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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Bright Packaging Industry Bhd Cash-to-Debt Chart

Bright Packaging Industry Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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458.97

781.39

1,674.38

No Debt

Bright Packaging Industry Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															-202.84	72.88	No Debt	1,027.60	No Debt

Competitive Comparison of Bright Packaging Industry Bhd's Cash-to-Debt

For the Packaging & Containers subindustry, Bright Packaging Industry 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.

Bright Packaging Industry Bhd's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Bright Packaging Industry Bhd's Cash-to-Debt distribution charts can be found below:

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

Bright Packaging Industry 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.

Bright Packaging Industry Bhd's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Bright Packaging Industry Bhd had no debt ⁽¹⁾.

Bright Packaging Industry Bhd's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Bright Packaging Industry Bhd had no debt ⁽¹⁾.

Bright Packaging Industry Bhd (XKLS:9938) 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.

Bright Packaging Industry Bhd Cash-to-Debt Related Terms

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

Bright Packaging Industry Bhd (XKLS:9938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Bright Packaging Industry Bhd (XKLS:9938) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Jalan Delima 1/3, Subang Hi-Tech Industrial Park, Shah Alam, SGR, MYS, 40000

Website

http://www.brightpack.net

Bright Packaging Industry Bhd is a manufacturer of aluminum foil laminate within Malaysia. The company is engaged in the manufacturing and printing of aluminum foil packaging materials for the tobacco, liquor, confectionaries, and pharmaceutical industry. It offers a range of services, including lamination, slitting, ink matching, and coating or lacquering. Its products include aluminum foil and metallized film laminate to tissue/woodfree/board and inner frame, and also exports to other countries. Geographically the company generates its revenue from Indonesia, Malaysia, Thailand, Korea, Russia, Phillippines.

Bright Packaging Industry Bhd (XKLS:9938) Headlines

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Bright Packaging Industry Bhd (XKLS:9938) Cash-to-Debt : No Debt (1) (As of Feb. 2024)