Acico Industries Co KSCC (KUW:ACICO) Cash-to-Debt : 0.06 (As of Dec. 2023)

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What is Acico Industries Co KSCC 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. Acico Industries Co KSCC's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.

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, Acico Industries Co KSCC 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 Acico Industries Co KSCC's Cash-to-Debt or its related term are showing as below:

KUW:ACICO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.06
Current: 0.06

During the past 13 years, Acico Industries Co KSCC's highest Cash to Debt Ratio was 0.06. The lowest was 0.01. And the median was 0.02.

KUW:ACICO's Cash-to-Debt is not ranked
in the Building Materials industry.
Industry Median: 0.45 vs KUW:ACICO: 0.06

Acico Industries Co KSCC Cash-to-Debt Historical Data

The historical data trend for Acico Industries Co KSCC'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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Acico Industries Co KSCC Cash-to-Debt Chart

Acico Industries Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.03

0.02

0.06

Acico Industries Co KSCC 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															0.02	0.02	0.03	0.04	0.06

Competitive Comparison of Acico Industries Co KSCC's Cash-to-Debt

For the Building Materials subindustry, Acico Industries Co KSCC'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.

Acico Industries Co KSCC's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Acico Industries Co KSCC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Acico Industries Co KSCC's Cash-to-Debt falls into.

Acico Industries Co KSCC 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.

Acico Industries Co KSCC'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)
	=	15.776	/	(0.133	+	264.464)
	=	0.06

Acico Industries Co KSCC'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)
	=	15.776	/	(0.133	+	264.464)
	=	0.06

Acico Industries Co KSCC (KUW:ACICO) 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.

Acico Industries Co KSCC Cash-to-Debt Related Terms

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

Acico Industries Co KSCC (KUW:ACICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Acico Industries Co KSCC (KUW:ACICO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharq, Al - Hamra Business Tower, P.O. Box 24079, 34th floor, Safat, Kuwait, KWT, 13101

Website

https://www.acicogroup.com

Acico Industries Co KSCC manufactures and supplies building materials. The company manufactures all types and sizes of aerated concrete and non-concrete and all its construction requirements, import, and export of all building materials. It manufactures blocks, lintels, slabs, and reinforced structural components. In addition, the company also deals in real estate, dealing in shares and bonds. Its segments consist of Real Estate, Contracting, and Industrial.

Acico Industries Co KSCC (KUW:ACICO) Headlines

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