Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Cash-to-Debt : 0.26 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Aqaseem Factory for Chemicals & Plastics 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. Aqaseem Factory for Chemicals & Plastics Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.26.

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, Aqaseem Factory for Chemicals & Plastics Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Aqaseem Factory for Chemicals & Plastics Co's Cash-to-Debt or its related term are showing as below:

SAU:9539' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.26 Max: 0.36
Current: 0.26

During the past 3 years, Aqaseem Factory for Chemicals & Plastics Co's highest Cash to Debt Ratio was 0.36. The lowest was 0.21. And the median was 0.26.

SAU:9539's Cash-to-Debt is ranked worse than
64.73% of 1018 companies
in the Oil & Gas industry
Industry Median: 0.49 vs SAU:9539: 0.26

Aqaseem Factory for Chemicals & Plastics Co Cash-to-Debt Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics 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.

* Premium members only.

Aqaseem Factory for Chemicals & Plastics Co Cash-to-Debt Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.21

0.36

0.26

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.21	0.15	0.36	No Debt	0.26

Competitive Comparison of Aqaseem Factory for Chemicals & Plastics Co's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Aqaseem Factory for Chemicals & Plastics 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.

Aqaseem Factory for Chemicals & Plastics Co's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aqaseem Factory for Chemicals & Plastics Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aqaseem Factory for Chemicals & Plastics Co's Cash-to-Debt falls into.

Aqaseem Factory for Chemicals & Plastics 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.

Aqaseem Factory for Chemicals & Plastics 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)
	=	8.397	/	(23.501	+	9.483)
	=	0.25

Aqaseem Factory for Chemicals & Plastics Co's Cash to Debt Ratio for the quarter 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)
	=	8.397	/	(23.501	+	9.483)
	=	0.25

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) 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.

Aqaseem Factory for Chemicals & Plastics Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Aqaseem Factory for Chemicals & Plastics Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

East Ring Road - between exit 17 and 18, Riyadh, SAU

Website

https://www.agaseem.sa

Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Headlines

No Headlines