Mieco Chipboard Bhd (XKLS:5001) Cash-to-Debt : 0.12 (As of Sep. 2023)

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What is Mieco Chipboard 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. Mieco Chipboard Bhd's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.12.

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, Mieco Chipboard 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 Mieco Chipboard Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:5001' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.12 Max: 1.13
Current: 0.12

During the past 13 years, Mieco Chipboard Bhd's highest Cash to Debt Ratio was 1.13. The lowest was 0.03. And the median was 0.12.

XKLS:5001's Cash-to-Debt is ranked worse than
73.33% of 285 companies
in the Forest Products industry
Industry Median: 0.32 vs XKLS:5001: 0.12

Mieco Chipboard Bhd Cash-to-Debt Historical Data

The historical data trend for Mieco Chipboard 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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Mieco Chipboard Bhd Cash-to-Debt Chart

Mieco Chipboard Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.05

0.04

0.40

0.35

Mieco Chipboard Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.35	0.12	0.10	0.12

Competitive Comparison of Mieco Chipboard Bhd's Cash-to-Debt

For the Lumber & Wood Production subindustry, Mieco Chipboard 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.

Mieco Chipboard Bhd's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mieco Chipboard Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mieco Chipboard Bhd's Cash-to-Debt falls into.

Mieco Chipboard 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.

Mieco Chipboard 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)
	=	58.116	/	(93.203	+	74.36)
	=	0.35

Mieco Chipboard 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)
	=	27.145	/	(118.444	+	113.555)
	=	0.12

Mieco Chipboard Bhd (XKLS:5001) 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.

Mieco Chipboard Bhd Cash-to-Debt Related Terms

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

Mieco Chipboard Bhd (XKLS:5001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mieco Chipboard Bhd (XKLS:5001) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Indah 2/6, No. 1, Block C, Taman Indah, Batu 11, Cheras, SGR, MYS, 43200

Website

https://www.mieco.com.my

Mieco Chipboard Bhd is an investment holding company. It is also engaged in the provision of management services. The core business includes the manufacturing and distribution of particle boards also known as chipboards, with the primary focus on plain boards and melamine-faced boards. In addition, its other operation comprises investment holding. Its product includes mieco plain board and mieco decorative melamine-faced chipboard. These products are commonly used as core materials for home and office furniture. Geographically company operates across Malaysia, Hong Kong, and China.

Mieco Chipboard Bhd (XKLS:5001) Headlines

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