Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Cash-to-Debt : 0.21 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Abu Dhabi Ports Co PJSC 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. Abu Dhabi Ports Co PJSC's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.21.

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, Abu Dhabi Ports Co PJSC 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 Abu Dhabi Ports Co PJSC's Cash-to-Debt or its related term are showing as below:

ADX:ADPORTS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.16 Max: 0.43
Current: 0.21

During the past 6 years, Abu Dhabi Ports Co PJSC's highest Cash to Debt Ratio was 0.43. The lowest was 0.06. And the median was 0.16.

ADX:ADPORTS's Cash-to-Debt is ranked worse than
70.63% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs ADX:ADPORTS: 0.21

Abu Dhabi Ports Co PJSC Cash-to-Debt Historical Data

The historical data trend for Abu Dhabi Ports Co PJSC'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.

* Premium members only.

Abu Dhabi Ports Co PJSC Cash-to-Debt Chart

Abu Dhabi Ports Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.43

0.06

0.19

0.13

0.21

Abu Dhabi Ports Co PJSC Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.13	0.13	0.13	0.14	0.21

Competitive Comparison of Abu Dhabi Ports Co PJSC's Cash-to-Debt

For the Marine Shipping subindustry, Abu Dhabi Ports Co PJSC'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.

Abu Dhabi Ports Co PJSC's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Abu Dhabi Ports Co PJSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Abu Dhabi Ports Co PJSC's Cash-to-Debt falls into.

Abu Dhabi Ports Co PJSC 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.

Abu Dhabi Ports Co PJSC'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)
	=	3354.717	/	(559.23	+	15621.834)
	=	0.21

Abu Dhabi Ports Co PJSC'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)
	=	3354.717	/	(559.23	+	15621.834)
	=	0.21

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) 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.

Abu Dhabi Ports Co PJSC Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Abu Dhabi Ports Co PJSC's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Abu Dhabi Ports Co PJSC (ADX:ADPORTS) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Al Mina Street. Nearest Landmark: Zayed Port, Gate 1, Next to Zayed Port, P.O. Box 54477, Abu Dhabi, ARE, 54477

Website

https://www.adports.ae

Abu Dhabi Ports Co PJSC owns, operates, maintains, manages, and develops all ports, docks, harbors, quays, waterways, bridges, breakwaters, infrastructure, and related installations in the Emirate of Abu Dhabi. It also constructs, manages, and develops the industrial, commercial, and non-financial service-free zones on plots of land granted or allocated by the Government of Abu Dhabi. The company's segments include Ports; Economic Cities and Free Zones (EC&FZ); Logistics; Maritime; Digital and Corporate.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Headlines

No Headlines