P I E Industrial Bhd (XKLS:7095) Cash-to-Debt : 1.01 (As of Mar. 2024)

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What is P I E Industrial 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. P I E Industrial Bhd's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.01.

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, P I E Industrial Bhd could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for P I E Industrial Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:7095' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 3.48 Max: No Debt
Current: 1.01

During the past 13 years, P I E Industrial Bhd's highest Cash to Debt Ratio was No Debt. The lowest was 0.48. And the median was 3.48.

XKLS:7095's Cash-to-Debt is ranked worse than
53.21% of 2909 companies
in the Industrial Products industry
Industry Median: 1.22 vs XKLS:7095: 1.01

P I E Industrial Bhd Cash-to-Debt Historical Data

The historical data trend for P I E Industrial 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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P I E Industrial Bhd Cash-to-Debt Chart

P I E Industrial Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

5.31

1.11

0.61

0.95

P I E Industrial Bhd 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															1.09	1.29	1.49	0.95	1.01

Competitive Comparison of P I E Industrial Bhd's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, P I E Industrial 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.

P I E Industrial Bhd's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, P I E Industrial Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where P I E Industrial Bhd's Cash-to-Debt falls into.

P I E Industrial 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.

P I E Industrial Bhd'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)
	=	63.895	/	(67.54	+	0)
	=	0.95

P I E Industrial Bhd'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)
	=	69.844	/	(69.029	+	0)
	=	1.01

P I E Industrial Bhd (XKLS:7095) 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.

P I E Industrial Bhd Cash-to-Debt Related Terms

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

P I E Industrial Bhd (XKLS:7095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » P I E Industrial Bhd (XKLS:7095) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 4, Jalan Jelawat Satu, Seberang Jaya Industrial Estate, Seberang Jaya, Seberang Perai, PNG, MYS, 13700

Website

https://www.pieib.com.my

P I E Industrial Bhd is principally involved in investment holding and the provision of management services. The group has three reportable segments, Manufacturing of industrial products, Trading of electrical materials, and Investment holding. Manufacturing of industrial products includes cables and wires for electronic devices, cable molding compounds and PCB assemblies, cable and wire harnesses to the computer, communication, consumer electronic industry, and cable assemblies. Trading of electrical materials includes peripheral products of computers, telecommunication, consumer electronics, and cable assembly products. Manufacturing of industrial products generates the majority of the revenue.

P I E Industrial Bhd (XKLS:7095) Headlines

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