Jiyad Holding Co KSC (KUW:JIYAD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Jiyad Holding Co KSC 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. Jiyad Holding Co KSC's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Jiyad Holding Co KSC could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

KUW:JIYAD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.96 Med: No Debt Max: No Debt
Current: No Debt

During the past 11 years, Jiyad Holding Co KSC's highest Cash to Debt Ratio was No Debt. The lowest was 0.96. And the median was No Debt.

KUW:JIYAD's Cash-to-Debt is ranked better than
99.62% of 263 companies
in the Education industry
Industry Median: 1.27 vs KUW:JIYAD: No Debt

Jiyad Holding Co KSC Cash-to-Debt Historical Data

The historical data trend for Jiyad Holding Co KSC'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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Jiyad Holding Co KSC Cash-to-Debt Chart

Jiyad Holding Co KSC Annual Data

Trend

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.92

2.16

No Debt

Jiyad Holding Co KSC 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Jiyad Holding Co KSC's Cash-to-Debt

For the Education & Training Services subindustry, Jiyad Holding Co KSC'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.

Jiyad Holding Co KSC's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Jiyad Holding Co KSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jiyad Holding Co KSC's Cash-to-Debt falls into.

Jiyad Holding Co KSC 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.

Jiyad Holding Co KSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Jiyad Holding Co KSC had no debt ⁽¹⁾.

Jiyad Holding Co KSC's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Jiyad Holding Co KSC had no debt ⁽¹⁾.

Jiyad Holding Co KSC (KUW:JIYAD) 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.

Jiyad Holding Co KSC Cash-to-Debt Related Terms

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

Jiyad Holding Co KSC (KUW:JIYAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Jiyad Holding Co KSC (KUW:JIYAD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jaber Al - Mubarak Street, P.O. Box 13028, Bahbahani Complex, 3rd Floor, Sharq, KWT, 2799

Website

https://www.jiyadholding.com

Jiyad Holding Co KSC is engaged in various businesses. Its Investment segment consists of investments in associates and other investments. The Education and training segment, which is the only revenue driver, represents consulting services related to education, training, and establishment of educational and training institutions, in addition to the introduction and issuance of relevant programs. The Medical services segment includes the establishment, management and ownership of hospitals and providing the medical services. Geographically, it has operations in the State of Kuwait, and the Sultanate of Oman.

Jiyad Holding Co KSC (KUW:JIYAD) Headlines

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Jiyad Holding Co KSC (KUW:JIYAD) Cash-to-Debt : No Debt (1) (As of Mar. 2024)