Nova MSC Bhd (XKLS:0026) Cash-to-Debt : 0.41 (As of Dec. 2023)

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What is Nova MSC 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. Nova MSC Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.41.

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

XKLS:0026' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 1.12 Max: 12.61
Current: 0.41

During the past 13 years, Nova MSC Bhd's highest Cash to Debt Ratio was 12.61. The lowest was 0.16. And the median was 1.12.

XKLS:0026's Cash-to-Debt is ranked worse than
77.61% of 2725 companies
in the Software industry
Industry Median: 2.49 vs XKLS:0026: 0.41

Nova MSC Bhd Cash-to-Debt Historical Data

The historical data trend for Nova MSC 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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Nova MSC Bhd Cash-to-Debt Chart

Nova MSC Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.84

0.98

2.46

1.35

0.66

Nova MSC Bhd 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															0.33	0.66	0.48	0.49	0.41

Competitive Comparison of Nova MSC Bhd's Cash-to-Debt

For the Software - Application subindustry, Nova MSC 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.

Nova MSC Bhd's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Nova MSC Bhd's Cash-to-Debt distribution charts can be found below:

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

Nova MSC 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.

Nova MSC Bhd's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	6.697	/	(9.288	+	0.792)
	=	0.66

Nova MSC Bhd'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)
	=	3.769	/	(9.169	+	0.091)
	=	0.41

Nova MSC Bhd (XKLS:0026) 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.

Nova MSC Bhd Cash-to-Debt Related Terms

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

Nova MSC Bhd (XKLS:0026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nova MSC Bhd (XKLS:0026) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0026PA.PFD:Malaysia

Address

No. 1, Medan Syed Putra Utara, Suite A-18-3, Northpoint, Mid Valley City, Tower A, Level 18, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.nova-hub.com

Nova MSC Bhd is an investment holding company. The company is engaged in software research and development and the provision of e-business solutions through the sale of application software and professional services for software customization and implementation. Its Geographical segments include Malaysia and Singapore. The products of the company include Pavo, which is an e-Government software that facilities the online submission of application documents; Avicenna, which is a fully integrated cloud-based system that takes care of the administrative needs, EyScan, a cloud-based platform that manages and executes SELENA+, system that performs automated retinal photo analysis and others.

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