Al Rashid Industrial Co (SAU:9580) Cash-to-Debt : 0.95 (As of Dec. 2022)

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What is Al Rashid Industrial 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. Al Rashid Industrial Co's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.95.

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, Al Rashid Industrial Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for Al Rashid Industrial Co's Cash-to-Debt or its related term are showing as below:

SAU:9580' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: 1.45 Max: 1.95
Current: 1.95

During the past 2 years, Al Rashid Industrial Co's highest Cash to Debt Ratio was 1.95. The lowest was 0.95. And the median was 1.45.

SAU:9580's Cash-to-Debt is ranked better than
71.17% of 385 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs SAU:9580: 1.95

Al Rashid Industrial Co Cash-to-Debt Historical Data

The historical data trend for Al Rashid Industrial 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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Al Rashid Industrial Co Cash-to-Debt Chart

Al Rashid Industrial Co Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.95

1.95

Al Rashid Industrial Co Quarterly Data
	Dec22	Dec23
Cash-to-Debt	0.95	1.95

Competitive Comparison of Al Rashid Industrial Co's Cash-to-Debt

For the Packaging & Containers subindustry, Al Rashid Industrial 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.

Al Rashid Industrial Co's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Al Rashid Industrial Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Al Rashid Industrial Co's Cash-to-Debt falls into.

Al Rashid Industrial 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.

Al Rashid Industrial 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)
	=	28.397	/	(13.385	+	1.155)
	=	1.95

Al Rashid Industrial Co'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)
	=	14.528	/	(13.486	+	1.793)
	=	0.95

Al Rashid Industrial Co (SAU:9580) 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.

Al Rashid Industrial Co Cash-to-Debt Related Terms

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Al Rashid Industrial Co (SAU:9580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Al Rashid Industrial Co (SAU:9580) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial City, 7960, Riyadh, SAU, 143322

Website

https://www.lastmade.com

Al Rashid Industrial Co is a company engaged in the production of many plastic products through drawing, injection, thermoforming and blowing techniques. All of these lines serve multiple commercial sectors, including food packaging and household appliances, date packaging, sweets and pastries, as well as single-use food containers.

Al Rashid Industrial Co (SAU:9580) Headlines

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