PT Provident Investasi Bersama Tbk (ISX:PALM) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is PT Provident Investasi Bersama Tbk 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. PT Provident Investasi Bersama Tbk's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, PT Provident Investasi Bersama Tbk 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 PT Provident Investasi Bersama Tbk's Cash-to-Debt or its related term are showing as below:

ISX:PALM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.42 Max: No Debt
Current: 0.03

During the past 13 years, PT Provident Investasi Bersama Tbk's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.42.

ISX:PALM's Cash-to-Debt is ranked worse than
92.82% of 1477 companies
in the Asset Management industry
Industry Median: 5.39 vs ISX:PALM: 0.03

PT Provident Investasi Bersama Tbk Cash-to-Debt Historical Data

The historical data trend for PT Provident Investasi Bersama Tbk'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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PT Provident Investasi Bersama Tbk Cash-to-Debt Chart

PT Provident Investasi Bersama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.39

0.97

No Debt

0.03

PT Provident Investasi Bersama Tbk 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	Get a 7-Day Free Trial															No Debt	0.28	0.10	0.06	0.03

Competitive Comparison of PT Provident Investasi Bersama Tbk's Cash-to-Debt

For the Asset Management subindustry, PT Provident Investasi Bersama Tbk'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.

PT Provident Investasi Bersama Tbk's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Provident Investasi Bersama Tbk's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PT Provident Investasi Bersama Tbk's Cash-to-Debt falls into.

PT Provident Investasi Bersama Tbk 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.

PT Provident Investasi Bersama Tbk'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)
	=	75151.772	/	(0	+	2717262.336)
	=	0.03

PT Provident Investasi Bersama Tbk'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)
	=	75151.772	/	(0	+	2717262.336)
	=	0.03

PT Provident Investasi Bersama Tbk (ISX:PALM) 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.

PT Provident Investasi Bersama Tbk Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of PT Provident Investasi Bersama Tbk's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Provident Investasi Bersama Tbk (ISX:PALM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PT Provident Investasi Bersama Tbk (ISX:PALM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan H.R. Rasuna Said, Generali Tower, Kawasan Rasuna Epicentrum, 17th Floor D, G, H, Gran Rubina Business Park, Karet Kuningan, Setiabudi, Jakarta, IDN, 12940

Website

http://www.provident-agro.com

PT Provident Investasi Bersama Tbk is an investment company. The segments of the company are Blue Chip and Others, of which the majority of the revenue is derived from the Blue Chip segment.

PT Provident Investasi Bersama Tbk (ISX:PALM) Headlines

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