Ades Holding Co (SAU:2382) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Ades 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. Ades Holding Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, Ades Holding Co 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 Ades Holding Co's Cash-to-Debt or its related term are showing as below:

SAU:2382' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.04
Current: 0.04

During the past 1 years, Ades Holding Co's highest Cash to Debt Ratio was 0.04. The lowest was 0.04. And the median was 0.04.

SAU:2382's Cash-to-Debt is ranked worse than
89.17% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.49 vs SAU:2382: 0.04

Ades Holding Co Cash-to-Debt Historical Data

The historical data trend for Ades 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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Ades Holding Co Cash-to-Debt Chart

Ades Holding Co Annual Data

Trend

Dec23

Cash-to-Debt

0.04

Ades Holding Co Quarterly Data
	Mar23	Dec23	Mar24
Cash-to-Debt	N/A	0.04	0.04

Competitive Comparison of Ades Holding Co's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Ades 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.

Ades Holding Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ades Holding Co's Cash-to-Debt distribution charts can be found below:

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

Ades 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.

Ades Holding Co'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)
	=	432.282	/	(1336.571	+	9656.952)
	=	0.04

Ades Holding Co'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)
	=	474.607	/	(1265.424	+	9521.006)
	=	0.04

Ades Holding Co (SAU:2382) 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.

Ades Holding Co Cash-to-Debt Related Terms

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Ades Holding Co (SAU:2382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ades Holding Co (SAU:2382) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7429 Prince turki street, Corniche District, Al Khobar, SAU, 2203

Website

https://www.adesgroup.com

Ades Holding Co is a company whose main purpose is oil and gas drilling and production services providing in the MENA region. The Company's main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services.

Ades Holding Co (SAU:2382) Headlines

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