MTAG Group Bhd (XKLS:0213) Cash-to-Debt : 79.90 (As of Dec. 2023)

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What is MTAG Group 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. MTAG Group Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 79.90.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, MTAG Group Bhd could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for MTAG Group Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:0213' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 252.37 Max: No Debt
Current: 79.9

During the past 8 years, MTAG Group Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 252.37.

XKLS:0213's Cash-to-Debt is ranked better than
89.03% of 1048 companies
in the Business Services industry
Industry Median: 0.99 vs XKLS:0213: 79.90

MTAG Group Bhd Cash-to-Debt Historical Data

The historical data trend for MTAG Group 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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MTAG Group Bhd Cash-to-Debt Chart

MTAG Group Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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2.69

988.51

2,264.40

311.15

167.35

MTAG Group 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															143.09	193.59	167.35	184.30	79.90

Competitive Comparison of MTAG Group Bhd's Cash-to-Debt

For the Specialty Business Services subindustry, MTAG Group 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.

MTAG Group Bhd's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MTAG Group Bhd's Cash-to-Debt distribution charts can be found below:

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

MTAG Group 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.

MTAG Group Bhd's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	144.42	/	(0.333	+	0.53)
	=	167.35

MTAG Group 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)
	=	148.53	/	(1.451	+	0.408)
	=	79.90

MTAG Group Bhd (XKLS:0213) 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.

MTAG Group Bhd Cash-to-Debt Related Terms

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MTAG Group Bhd (XKLS:0213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MTAG Group Bhd (XKLS:0213) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Perindustrian Tebrau III, PLO 226, Jalan Kencana Mas, Johor Bahru, Johor, MYS, 81100

Website

https://www.mtaggroup.com

MTAG Group Bhd is a converter company providing the services of label and sticker printing and customised converting services for various materials. In addition, it distributes industrial tapes and adhesive products under the brands 3M and Henkel. Its segments consist of Converting, Distribution and Investment holding. The company operates in Malaysia.

MTAG Group Bhd (XKLS:0213) Headlines

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