Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is Ras AL Khaimah Ceramics Co PSC 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. Ras AL Khaimah Ceramics Co PSC's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, Ras AL Khaimah Ceramics Co PSC 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 Ras AL Khaimah Ceramics Co PSC's Cash-to-Debt or its related term are showing as below:

ADX:RAKCEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.22 Max: 0.35
Current: 0.15

During the past 13 years, Ras AL Khaimah Ceramics Co PSC's highest Cash to Debt Ratio was 0.35. The lowest was 0.15. And the median was 0.22.

ADX:RAKCEC's Cash-to-Debt is ranked worse than
79.85% of 1648 companies
in the Construction industry
Industry Median: 0.61 vs ADX:RAKCEC: 0.15

Ras AL Khaimah Ceramics Co PSC Cash-to-Debt Historical Data

The historical data trend for Ras AL Khaimah Ceramics Co PSC'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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Ras AL Khaimah Ceramics Co PSC Cash-to-Debt Chart

Ras AL Khaimah Ceramics Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

0.31

0.35

0.24

0.15

Ras AL Khaimah Ceramics Co PSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.20	0.13	0.13	0.15

Competitive Comparison of Ras AL Khaimah Ceramics Co PSC's Cash-to-Debt

For the Building Products & Equipment subindustry, Ras AL Khaimah Ceramics Co PSC'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.

Ras AL Khaimah Ceramics Co PSC's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ras AL Khaimah Ceramics Co PSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ras AL Khaimah Ceramics Co PSC's Cash-to-Debt falls into.

Ras AL Khaimah Ceramics Co PSC 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.

Ras AL Khaimah Ceramics Co PSC'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)
	=	265.756	/	(814.01	+	985.476)
	=	0.15

Ras AL Khaimah Ceramics Co PSC'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)
	=	265.756	/	(814.01	+	985.476)
	=	0.15

Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) 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.

Ras AL Khaimah Ceramics Co PSC Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ras AL Khaimah Ceramics Co PSC's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Jazeerah Al Hamra City, P.O. Box 4714, Ras Al Khaimah, ARE

Website

https://www.rakceramics.com

Ras AL Khaimah Ceramics Co PSC is engaged in the manufacturing and sale of a variety of ceramic products including tiles, bathroom sets, sanitary wares, table wares and faucets. The reportable segments of the company are Ceramics products, includes manufacture and sale of ceramic wall and floor tiles, gres porcellanato, bath-ware and tableware products. Faucets, includes manufacture and sale of Taps and Faucets. Other industrial, includes manufacturing and distribution of power, paints, plastics, mines and chemicals. Others includes security services, material movement, real estate, construction projects and civil works.

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