Triple i Logistics PCL (BKK:III) Cash-to-Debt : 0.17 (As of Mar. 2024)

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What is Triple i Logistics PCL 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. Triple i Logistics PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.17.

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, Triple i Logistics PCL couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Triple i Logistics PCL's Cash-to-Debt or its related term are showing as below:

BKK:III' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.73 Max: 22.11
Current: 0.17

During the past 10 years, Triple i Logistics PCL's highest Cash to Debt Ratio was 22.11. The lowest was 0.09. And the median was 0.73.

BKK:III's Cash-to-Debt is ranked worse than
74.24% of 951 companies
in the Transportation industry
Industry Median: 0.49 vs BKK:III: 0.17

Triple i Logistics PCL Cash-to-Debt Historical Data

The historical data trend for Triple i Logistics PCL'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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Triple i Logistics PCL Cash-to-Debt Chart

Triple i Logistics PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.81

0.15

0.27

0.83

0.58

Triple i Logistics PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.57	0.73	0.94	0.58	0.17

Competitive Comparison of Triple i Logistics PCL's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Triple i Logistics PCL'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.

Triple i Logistics PCL's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Triple i Logistics PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Triple i Logistics PCL's Cash-to-Debt falls into.

Triple i Logistics PCL 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.

Triple i Logistics PCL'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)
	=	310.24	/	(211.264	+	323.49)
	=	0.58

Triple i Logistics PCL's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	90.352	/	(248.286	+	290.761)
	=	0.17

Triple i Logistics PCL (BKK:III) 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.

Triple i Logistics PCL Cash-to-Debt Related Terms

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Triple i Logistics PCL (BKK:III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Triple i Logistics PCL (BKK:III) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Klab Chom, Nonsee Road, 628, 3rd Floor, Triple i Building, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.iii-logistics.com

Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Airfreight, Sea and inland freight, Logistics management, Chemical and hazardous goods logistics and Other management services. The majority of its revenue is from the Chemical and hazardous goods logistics segment, it operates as a services provider for sea, air, rails, and in-land, both local and overseas including warehouse management and distribution for chemical and hazardous goods.