BOC Kenya (NAI:BOC) Cash-to-Debt : 31.74 (As of Dec. 2022)

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What is BOC Kenya 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. BOC Kenya's cash to debt ratio for the quarter that ended in Dec. 2022 was 31.74.

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, BOC Kenya could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

NAI:BOC' s Cash-to-Debt Range Over the Past 10 Years
Min: 16.56 Med: 66.79 Max: No Debt
Current: 31.74

During the past 11 years, BOC Kenya's highest Cash to Debt Ratio was No Debt. The lowest was 16.56. And the median was 66.79.

NAI:BOC's Cash-to-Debt is ranked better than
88.58% of 1480 companies
in the Chemicals industry
Industry Median: 0.73 vs NAI:BOC: 31.74

BOC Kenya Cash-to-Debt Historical Data

The historical data trend for BOC Kenya'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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BOC Kenya Cash-to-Debt Chart

BOC Kenya Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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16.56

66.85

63.55

66.73

31.74

BOC Kenya Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial						16.56	66.85	63.55	66.73	31.74

Competitive Comparison of BOC Kenya's Cash-to-Debt

For the Chemicals subindustry, BOC Kenya'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.

BOC Kenya's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, BOC Kenya's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where BOC Kenya's Cash-to-Debt falls into.

BOC Kenya 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.

BOC Kenya'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)
	=	277.118	/	(1.052	+	7.678)
	=	31.74

BOC Kenya's Cash to Debt Ratio for the quarter 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)
	=	277.118	/	(1.052	+	7.678)
	=	31.74

BOC Kenya (NAI:BOC) 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.

BOC Kenya Cash-to-Debt Related Terms

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BOC Kenya (NAI:BOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » BOC Kenya PLC (NAI:BOC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kitui Road, Off Kampala Road, P.O. Box 18010, Industrial Area, Nairobi, KEN, 00500

Website

https://www.boc.co.ke

BOC Kenya PLC is engaged in the manufacture and sale of industrial gases, medical gases, and welding products. The company's segment based on regions consists of Kenya, Tanzania, and Uganda. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, and special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates majority of its revenue from the sale of medical and industrial gases.