Kuwait Projects Co Holding KSC (KUW:KPROJ) Cash-to-Debt : 0.79 (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is Kuwait Projects Co Holding KSC 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. Kuwait Projects Co Holding KSC's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.79.

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, Kuwait Projects Co Holding KSC 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 Kuwait Projects Co Holding KSC's Cash-to-Debt or its related term are showing as below:

KUW:KPROJ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.61 Med: 0.94 Max: 1.48
Current: 0.79

During the past 13 years, Kuwait Projects Co Holding KSC's highest Cash to Debt Ratio was 1.48. The lowest was 0.61. And the median was 0.94.

KUW:KPROJ's Cash-to-Debt is ranked worse than
63.74% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs KUW:KPROJ: 0.79

Kuwait Projects Co Holding KSC Cash-to-Debt Historical Data

The historical data trend for Kuwait Projects Co Holding KSC'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.

Kuwait Projects Co Holding KSC Cash-to-Debt Chart

Kuwait Projects Co Holding KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.82

0.68

0.72

0.61

0.79

Kuwait Projects Co Holding KSC 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															0.61	0.72	0.61	0.73	0.79

Competitive Comparison of Kuwait Projects Co Holding KSC's Cash-to-Debt

For the Banks - Regional subindustry, Kuwait Projects Co Holding KSC'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.

Kuwait Projects Co Holding KSC's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Kuwait Projects Co Holding KSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kuwait Projects Co Holding KSC's Cash-to-Debt falls into.

Kuwait Projects Co Holding KSC Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Kuwait Projects Co Holding KSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1657.409	/	(0	+	2090.314)
	=	0.79

Kuwait Projects Co Holding KSC's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1657.409	/	(0	+	2090.314)
	=	0.79

Kuwait Projects Co Holding KSC (KUW:KPROJ) 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.

Kuwait Projects Co Holding KSC Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Kuwait Projects Co Holding KSC's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Kuwait Projects Co Holding KSC (KUW:KPROJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kuwait Projects Co Holding KSC (KUW:KPROJ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

KIPCO Tower, Khalid Bin Al Waleed Street, Sharq, P.O. Box 23982, Safat, Kuwait City, KWT, 13100

Website

https://www.kipco.com

Kuwait Projects Co Holding KSC is an investment holding company operating in a sector such as financial services, manufacturing, and real estate. The business activity of the firm functions through various segments which include Commercial Banking, Asset Management, Investment Banking, Insurance, Media & Satellite Services, Industrial, Hospitality and Real Estate, and others. It generates maximum revenue from the Commercial banking segment. Geographic areas of operation include Kuwait, the Rest of GCC, the Rest of the Middle East and North Africa, North America and Europe.

Kuwait Projects Co Holding KSC (KUW:KPROJ) Headlines

No Headlines