Al Ansari Financial Services (DFM:ALANSARI) Cash-to-Debt : 8.49 (As of Mar. 2024)

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What is Al Ansari Financial Services 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 Ansari Financial Services's cash to debt ratio for the quarter that ended in Mar. 2024 was 8.49.

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, Al Ansari Financial Services could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Al Ansari Financial Services's Cash-to-Debt or its related term are showing as below:

DFM:ALANSARI' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.73 Med: 14.97 Max: 50.59
Current: 8.49

During the past 5 years, Al Ansari Financial Services's highest Cash to Debt Ratio was 50.59. The lowest was 4.73. And the median was 14.97.

DFM:ALANSARI's Cash-to-Debt is ranked better than
66.54% of 792 companies
in the Capital Markets industry
Industry Median: 1.87 vs DFM:ALANSARI: 8.49

Al Ansari Financial Services Cash-to-Debt Historical Data

The historical data trend for Al Ansari Financial Services'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 Ansari Financial Services Cash-to-Debt Chart

Al Ansari Financial Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

24.67

42.39

50.59

5.78

6.25

Al Ansari Financial Services Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial						N/A	4.73	21.44	6.25	8.49

Competitive Comparison of Al Ansari Financial Services's Cash-to-Debt

For the Capital Markets subindustry, Al Ansari Financial Services'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 Ansari Financial Services's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Al Ansari Financial Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Al Ansari Financial Services's Cash-to-Debt falls into.

Al Ansari Financial Services 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 Ansari Financial Services'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)
	=	2676.146	/	(383.522	+	44.55)
	=	6.25

Al Ansari Financial Services'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)
	=	2727.447	/	(279.295	+	41.938)
	=	8.49

Al Ansari Financial Services (DFM:ALANSARI) 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 Ansari Financial Services Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Al Ansari Financial Services's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Ansari Financial Services (DFM:ALANSARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al Ansari Financial Services (DFM:ALANSARI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Barsha 1, P.O Box 6176, Office No. 804, Al Ansari Business Center, Dubai, ARE

Website

https://www.aafs.ae

Al Ansari Financial Services is engaged in the business of buying and selling foreign currencies and traveller's cheques, cheques, executing remittance operations in local and foreign currencies, payment of wages through establishing a link to the operating system of wages protection, special products such as bill payments, cash collections, sale and reload of multi-currency prepaid cards) and transportation of cash and valuables.

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