Thevola Group (SAU:2050) Cash-to-Debt : 0.16 (As of Mar. 2024)

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What is Thevola Group 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. Thevola Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.16.

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, Thevola Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SAU:2050' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.15 Max: 0.24
Current: 0.16

During the past 13 years, Thevola Group's highest Cash to Debt Ratio was 0.24. The lowest was 0.08. And the median was 0.15.

SAU:2050's Cash-to-Debt is ranked worse than
73.17% of 1815 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs SAU:2050: 0.16

Thevola Group Cash-to-Debt Historical Data

The historical data trend for Thevola Group'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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Thevola Group Cash-to-Debt Chart

Thevola Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.10

0.11

0.13

0.16

Thevola Group 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															0.20	0.16	0.22	0.16	0.16

Competitive Comparison of Thevola Group's Cash-to-Debt

For the Packaged Foods subindustry, Thevola Group'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.

Thevola Group's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thevola Group's Cash-to-Debt distribution charts can be found below:

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

Thevola Group 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.

Thevola Group'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)
	=	1974.459	/	(4317.292	+	7792.941)
	=	0.16

Thevola Group's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1854.382	/	(4196.508	+	7720.621)
	=	0.16

Thevola Group (SAU:2050) 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.

Thevola Group Cash-to-Debt Related Terms

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Thevola Group (SAU:2050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Savola Group (SAU:2050) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Faisal Bin Fahad Street, Savola Tower, The Headquarter Business Park, Ashati District, 2444 Taha Khusaifan-Ashati, Unit Number 15, Jeddah, SAU, 23511-7333

Website

https://www.savola.com

The Savola Group is a strategic investment holding company. It is focused on the food and retail sectors, with operations in the Middle East, Turkey and other regions. It is organized into the following operating segments namely Foods processing, Retail, Food Services, Frozen food and Investment. The group derives majority of revenue from the Foods processing segment which consists of includes manufacturing, sale and distribution of Edible oils, Sugar, Pasta, Spices, Nuts, Pulses and other food products.

Thevola Group (SAU:2050) Headlines

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