Ghitha Holding PJSC (ADX:GHITHA) Cash-to-Debt : 1.04 (As of Sep. 2023)

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What is Ghitha Holding 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. Ghitha Holding PJSC's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.04.

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, Ghitha Holding PJSC could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Ghitha Holding PJSC's Cash-to-Debt or its related term are showing as below:

ADX:GHITHA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9 Med: 1.61 Max: 8.29
Current: 1.04

During the past 4 years, Ghitha Holding PJSC's highest Cash to Debt Ratio was 8.29. The lowest was 0.90. And the median was 1.61.

ADX:GHITHA's Cash-to-Debt is ranked better than
65.91% of 308 companies
in the Retail - Defensive industry
Industry Median: 0.46 vs ADX:GHITHA: 1.04

Ghitha Holding PJSC Cash-to-Debt Historical Data

The historical data trend for Ghitha Holding 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.

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Ghitha Holding PJSC Cash-to-Debt Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

8.29

1.84

1.39

1.33

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial							2.14	2.29	1.33	0.90	1.04

Competitive Comparison of Ghitha Holding PJSC's Cash-to-Debt

For the Food Distribution subindustry, Ghitha Holding 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.

Ghitha Holding PJSC's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ghitha Holding PJSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ghitha Holding PJSC's Cash-to-Debt falls into.

Ghitha Holding 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.

Ghitha Holding PJSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	1158.247	/	(359.918	+	512.725)
	=	1.33

Ghitha Holding PJSC's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1516.537	/	(560.828	+	896.131)
	=	1.04

Ghitha Holding PJSC (ADX:GHITHA) 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.

Ghitha Holding PJSC Cash-to-Debt Related Terms

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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

Ghitha Holding PJSC (ADX:GHITHA) Headlines

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