Chin Teck Plantations Bhd (XKLS:1929) Cash-to-Debt : 37.78 (As of Feb. 2024)

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What is Chin Teck Plantations 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. Chin Teck Plantations Bhd's cash to debt ratio for the quarter that ended in Feb. 2024 was 37.78.

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, Chin Teck Plantations Bhd could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

XKLS:1929' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.34 Med: No Debt Max: No Debt
Current: 37.78

During the past 13 years, Chin Teck Plantations Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 30.34. And the median was No Debt.

XKLS:1929's Cash-to-Debt is ranked better than
88.9% of 1793 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs XKLS:1929: 37.78

Chin Teck Plantations Bhd Cash-to-Debt Historical Data

The historical data trend for Chin Teck Plantations 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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Chin Teck Plantations Bhd Cash-to-Debt Chart

Chin Teck Plantations Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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No Debt

34.53

Chin Teck Plantations Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															30.34	33.18	34.53	36.36	37.78

Competitive Comparison of Chin Teck Plantations Bhd's Cash-to-Debt

For the Farm Products subindustry, Chin Teck Plantations 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.

Chin Teck Plantations Bhd's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chin Teck Plantations Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Chin Teck Plantations Bhd's Cash-to-Debt falls into.

Chin Teck Plantations 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.

Chin Teck Plantations Bhd's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	381.698	/	(0.419	+	10.634)
	=	34.53

Chin Teck Plantations Bhd's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	409.668	/	(0.295	+	10.548)
	=	37.78

Chin Teck Plantations Bhd (XKLS:1929) 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.

Chin Teck Plantations Bhd Cash-to-Debt Related Terms

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Chin Teck Plantations Bhd (XKLS:1929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chin Teck Plantations Bhd (XKLS:1929) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Block 2B, Level 3A, Jalan Stesen Sentral 5, Suite 2B-3A-2, Plaza Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.chinteck.com.my

Chin Teck Plantations Bhd is an investment holding company, which is engaged in the cultivation of oil palms, process and sale of fresh fruit bunches, crude palm oil, and palm kernel and is predominantly carried out in Malaysia. The company has three cultivation lands in Malaysia namely, Jemima and Sungei Sendayan, Gua Musang, and Keratong. The company also participates in joint ventures on oil palm plantations in Indonesia located at Lampung Province, Jambi Province, and South Sumatera Province, Sumatera, Republic of Indonesia.

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