Press Metal Aluminium Holdings Bhd (XKLS:8869) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Press Metal Aluminium Holdings 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. Press Metal Aluminium Holdings Bhd's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Press Metal Aluminium Holdings 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 Press Metal Aluminium Holdings Bhd's Cash-to-Debt or its related term are showing as below:

XKLS:8869' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.25
Current: 0.25

During the past 13 years, Press Metal Aluminium Holdings Bhd's highest Cash to Debt Ratio was 0.25. The lowest was 0.07. And the median was 0.09.

XKLS:8869's Cash-to-Debt is ranked worse than
82.24% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs XKLS:8869: 0.25

Press Metal Aluminium Holdings Bhd Cash-to-Debt Historical Data

The historical data trend for Press Metal Aluminium Holdings 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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Press Metal Aluminium Holdings Bhd Cash-to-Debt Chart

Press Metal Aluminium Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.11

0.07

0.09

0.25

Press Metal Aluminium Holdings 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															0.09	0.16	0.20	0.24	0.25

Competitive Comparison of Press Metal Aluminium Holdings Bhd's Cash-to-Debt

For the Aluminum subindustry, Press Metal Aluminium Holdings 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.

Press Metal Aluminium Holdings Bhd's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Press Metal Aluminium Holdings Bhd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Press Metal Aluminium Holdings Bhd's Cash-to-Debt falls into.

Press Metal Aluminium Holdings 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.

Press Metal Aluminium Holdings 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)
	=	1149.053	/	(1353.661	+	3274.192)
	=	0.25

Press Metal Aluminium Holdings 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)
	=	1149.053	/	(1353.661	+	3274.192)
	=	0.25

Press Metal Aluminium Holdings Bhd (XKLS:8869) 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.

Press Metal Aluminium Holdings Bhd Cash-to-Debt Related Terms

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

Press Metal Aluminium Holdings Bhd (XKLS:8869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Press Metal Aluminium Holdings Bhd (XKLS:8869) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

PSSMF:USA

Address

No. 2, Jalan Setia Prima S U13/S, Suite 61 & 62, Setia Avenue, Setia Alam Seksyen U13, Shah Alam, MYS, 40170

Website

https://www.pressmetal.com

Press Metal Aluminium Holdings Bhd manufactures and sells extruded aluminum and other aluminum products to customers worldwide. The company operates in two segments based on function. The Smelting and extrusion segment, which generates the vast majority of revenue, purchases aluminum scrap and produces extruded aluminum and aluminum alloys for industrial customers. The Trading segment markets aluminum products. Press Metal has two customers that each account for over 10% of the firm's revenue. The majority of Press Metal's revenue comes from Asia and Europe.

Press Metal Aluminium Holdings Bhd (XKLS:8869) Headlines

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