AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Cash-to-Debt : 6.18 (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting 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. AlMuneef Co For Trade Industry Agriculture And Contracting's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.18.

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, AlMuneef Co For Trade Industry Agriculture And Contracting could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for AlMuneef Co For Trade Industry Agriculture And Contracting's Cash-to-Debt or its related term are showing as below:

SAU:9569' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.73 Med: 3.07 Max: 6.18
Current: 6.18

During the past 3 years, AlMuneef Co For Trade Industry Agriculture And Contracting's highest Cash to Debt Ratio was 6.18. The lowest was 2.73. And the median was 3.07.

SAU:9569's Cash-to-Debt is ranked better than
78.6% of 243 companies
in the Agriculture industry
Industry Median: 0.65 vs SAU:9569: 6.18

AlMuneef Co For Trade Industry Agriculture And Contracting Cash-to-Debt Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Cash-to-Debt Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

2.73

3.07

6.18

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	N/A	3.07	3.19	6.18

Competitive Comparison of AlMuneef Co For Trade Industry Agriculture And Contracting's Cash-to-Debt

For the Agricultural Inputs subindustry, AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, AlMuneef Co For Trade Industry Agriculture And Contracting's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where AlMuneef Co For Trade Industry Agriculture And Contracting's Cash-to-Debt falls into.

AlMuneef Co For Trade Industry Agriculture And Contracting 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.

AlMuneef Co For Trade Industry Agriculture And Contracting'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)
	=	30.048	/	(1.072	+	3.788)
	=	6.18

AlMuneef Co For Trade Industry Agriculture And Contracting'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)
	=	30.048	/	(1.072	+	3.788)
	=	6.18

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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.

AlMuneef Co For Trade Industry Agriculture And Contracting Cash-to-Debt Related Terms

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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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