Velesto Energy Bhd (XKLS:5243) Cash-to-Debt : 0.30 (As of Sep. 2023)

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What is Velesto Energy 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. Velesto Energy Bhd's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.30.

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

XKLS:5243' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.26 Max: 1.44
Current: 0.3

During the past 13 years, Velesto Energy Bhd's highest Cash to Debt Ratio was 1.44. The lowest was 0.09. And the median was 0.26.

XKLS:5243's Cash-to-Debt is ranked worse than
60.98% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs XKLS:5243: 0.30

Velesto Energy Bhd Cash-to-Debt Historical Data

The historical data trend for Velesto Energy 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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Velesto Energy Bhd Cash-to-Debt Chart

Velesto Energy Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.25

0.22

0.28

0.53

0.20

Velesto Energy 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	0.20	0.24	0.26	0.30

Competitive Comparison of Velesto Energy Bhd's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Velesto Energy 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.

Velesto Energy Bhd's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Velesto Energy Bhd's Cash-to-Debt distribution charts can be found below:

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

Velesto Energy 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.

Velesto Energy 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)
	=	113.323	/	(257.865	+	310.344)
	=	0.20

Velesto Energy 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)
	=	132.839	/	(152.762	+	295.577)
	=	0.30

Velesto Energy Bhd (XKLS:5243) 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.

Velesto Energy Bhd Cash-to-Debt Related Terms

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

Velesto Energy Bhd (XKLS:5243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velesto Energy Bhd (XKLS:5243) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Stesen Sentral 5, Level 18, Block 3A, Plaza Sentral, Kuala Lumpur, MYS, 50470

Website

https://www.velesto.com

Velesto Energy Bhd is a Malaysia-based company that provides services to the oil and gas industry. It is engaged in the provision of drilling services for exploration, development, and production wells and workover services to the upstream sector of the oil and gas industry. It is also engaged in the provision of threading, inspection, and repair services for Oil Country Tubular Goods in Malaysia and overseas. The company has four operating segments namely drilling services; Integrated services; oilfield services; and others. The company has a geographical presence in Malaysia, Indonesia, and Singapore.

Velesto Energy Bhd (XKLS:5243) Headlines

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