AL Madar Kuwait Holding Co (KUW:MADAR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is AL Madar Kuwait Holding Co 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. AL Madar Kuwait Holding Co'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, AL Madar Kuwait Holding Co 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 AL Madar Kuwait Holding Co's Cash-to-Debt or its related term are showing as below:

KUW:MADAR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, AL Madar Kuwait Holding Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was No Debt.

KUW:MADAR's Cash-to-Debt is ranked better than
99.79% of 482 companies
in the Diversified Financial Services industry
Industry Median: 2.64 vs KUW:MADAR: No Debt

AL Madar Kuwait Holding Co Cash-to-Debt Historical Data

The historical data trend for AL Madar Kuwait Holding Co'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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AL Madar Kuwait Holding Co Cash-to-Debt Chart

AL Madar Kuwait Holding Co Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec23

Cash-to-Debt

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No Debt

AL Madar Kuwait Holding Co 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 AL Madar Kuwait Holding Co's Cash-to-Debt

For the Financial Conglomerates subindustry, AL Madar Kuwait Holding Co'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.

AL Madar Kuwait Holding Co's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, AL Madar Kuwait Holding Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where AL Madar Kuwait Holding Co's Cash-to-Debt falls into.

AL Madar Kuwait Holding Co 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.

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

AL Madar Kuwait Holding Co had no debt ⁽¹⁾.

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

AL Madar Kuwait Holding Co had no debt ⁽¹⁾.

AL Madar Kuwait Holding Co (KUW:MADAR) 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.

AL Madar Kuwait Holding Co Cash-to-Debt Related Terms

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AL Madar Kuwait Holding Co (KUW:MADAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AL Madar Kuwait Holding Co (KUW:MADAR) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Fahad Al Salem Street, Al Salhia, P.O. Box 1376, 14 Floor, Al-Salam Tower, Kuwait City, KWT, 13014

Website

https://www.almadar-fi.com

Al-Madar Finance & Investment Co KSC is an investment and finance company. The group is engaged in managing investment portfolios and conducting real estate investments for companies and individuals. It is engaged in promoting and marketing shares and bonds of all types for the account of the companies in accordance with Islamic Shariya standards. The group is organized into four business segments which include Real estate, Investment, Corporate finance, and Others. It generates the majority of the revenue from the Real estate segment which includes buying, selling, capital appreciation, and investing in real estate.

AL Madar Kuwait Holding Co (KUW:MADAR) Headlines

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AL Madar Kuwait Holding Co (KUW:MADAR) Cash-to-Debt : No Debt (1) (As of Mar. 2024)