MY E.G.Services Bhd (XKLS:0138) Cash-to-Debt : 0.46 (As of Sep. 2023)

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What is MY E.G.Services 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. MY E.G.Services Bhd's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.46.

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, MY E.G.Services Bhd couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for MY E.G.Services Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:0138' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 1.31 Max: 11.4
Current: 0.46

During the past 13 years, MY E.G.Services Bhd's highest Cash to Debt Ratio was 11.40. The lowest was 0.12. And the median was 1.31.

XKLS:0138's Cash-to-Debt is ranked worse than
76.5% of 2792 companies
in the Software industry
Industry Median: 2.44 vs XKLS:0138: 0.46

MY E.G.Services Bhd Cash-to-Debt Historical Data

The historical data trend for MY E.G.Services 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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MY E.G.Services Bhd Cash-to-Debt Chart

MY E.G.Services Bhd Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

1.87

0.89

1.30

0.44

0.12

MY E.G.Services Bhd Quarterly Data
	Dec17	Mar18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.65	0.12	0.37	0.44	0.46

Competitive Comparison of MY E.G.Services Bhd's Cash-to-Debt

For the Information Technology Services subindustry, MY E.G.Services 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.

MY E.G.Services Bhd's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, MY E.G.Services Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MY E.G.Services Bhd's Cash-to-Debt falls into.

MY E.G.Services 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.

MY E.G.Services Bhd's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	56.494	/	(158.174	+	325.157)
	=	0.12

MY E.G.Services Bhd's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	398.558	/	(141.275	+	722.169)
	=	0.46

MY E.G.Services Bhd (XKLS:0138) 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.

MY E.G.Services Bhd Cash-to-Debt Related Terms

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

MY E.G.Services Bhd (XKLS:0138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MY E.G.Services Bhd (XKLS:0138) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

No. 8, Jalan Damansara, PJU 8, Level 43A, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820

Website

https://www.myeg.com.my

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.

MY E.G.Services Bhd (XKLS:0138) Headlines

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