Far East Knitting & Dyeing Industries (DHA:FEKDIL) Cash-to-Debt

: 0.59 (As of Dec. 2023)

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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. Far East Knitting & Dyeing Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.59.

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, Far East Knitting & Dyeing Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Far East Knitting & Dyeing Industries's Cash-to-Debt or its related term are showing as below:

DHA:FEKDIL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.57 Max: No Debt
Current: 0.59

During the past 10 years, Far East Knitting & Dyeing Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 0.57.

DHA:FEKDIL's Cash-to-Debt is ranked better than
54.49% of 1035 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.47 vs DHA:FEKDIL: 0.59

Far East Knitting & Dyeing Industries Cash-to-Debt Historical Data

The historical data trend for Far East Knitting & Dyeing Industries'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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Far East Knitting & Dyeing Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.30

0.14

0.20

0.17

0.18

Far East Knitting & Dyeing Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.11	0.17	0.18	0.38	0.59

Competitive Comparison

For the Apparel Manufacturing subindustry, Far East Knitting & Dyeing Industries'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.

Far East Knitting & Dyeing Industries Cash-to-Debt Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Far East Knitting & Dyeing Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Far East Knitting & Dyeing Industries's Cash-to-Debt falls into.

Far East Knitting & Dyeing Industries 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.

Far East Knitting & Dyeing Industries's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	267.966	/	(1255.989	+	223.784)
	=	0.18

Far East Knitting & Dyeing Industries's Cash to Debt Ratio for the quarter 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)
	=	628.571	/	(818.34	+	240.429)
	=	0.59

Far East Knitting & Dyeing Industries (DHA:FEKDIL) 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.

Far East Knitting & Dyeing Industries Cash-to-Debt Related Terms

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Far East Knitting & Dyeing Industries (DHA:FEKDIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Far East Knitting & Dyeing Industries Ltd (DHA:FEKDIL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moyeen Centre, House No. 9/B, Road No.3, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.fareastknit.com

Far East Knitting & Dyeing Industries Ltd operates a readymade composite knit garments industrial unit of international standard to carry on the business of knitting, dyeing, designing, manufacturing & marketing of readymade garments to deal in foreign markets. The company operates in three segments Garmenting, Fabrics, and Dyeing.

Far East Knitting & Dyeing Industries (DHA:FEKDIL) Headlines

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