Nofoth Food Products Co (SAU:9556) Cash-to-Debt : 2.42 (As of Dec. 2023)

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What is Nofoth Food Products 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. Nofoth Food Products Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.42.

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, Nofoth Food Products Co 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 Nofoth Food Products Co's Cash-to-Debt or its related term are showing as below:

SAU:9556' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9 Med: 1.66 Max: 2.42
Current: 2.42

During the past 2 years, Nofoth Food Products Co's highest Cash to Debt Ratio was 2.42. The lowest was 0.90. And the median was 1.66.

SAU:9556's Cash-to-Debt is ranked better than
77.78% of 306 companies
in the Retail - Defensive industry
Industry Median: 0.43 vs SAU:9556: 2.42

Nofoth Food Products Co Cash-to-Debt Historical Data

The historical data trend for Nofoth Food Products 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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Nofoth Food Products Co Cash-to-Debt Chart

Nofoth Food Products Co Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.90

2.42

Nofoth Food Products Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	N/A	0.90	1.53	2.42

Competitive Comparison of Nofoth Food Products Co's Cash-to-Debt

For the Grocery Stores subindustry, Nofoth Food Products 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.

Nofoth Food Products Co's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nofoth Food Products Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nofoth Food Products Co's Cash-to-Debt falls into.

Nofoth Food Products 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.

Nofoth Food Products 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)
	=	65.35	/	(12.853	+	14.175)
	=	2.42

Nofoth Food Products Co'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)
	=	65.35	/	(12.853	+	14.175)
	=	2.42

Nofoth Food Products Co (SAU:9556) 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.

Nofoth Food Products Co Cash-to-Debt Related Terms

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Nofoth Food Products Co (SAU:9556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nofoth Food Products Co (SAU:9556) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Bakr Al-Siddiq Road, Al-Nuzha, P.O. Box 30, Riyadh, SAU, 12471

Website

https://www.nofoth.com

Nofoth Food Products Co manufactures bread and its products through automated bakeries. It manufactures pies of all kinds and popular and oriental sweets of all kinds. The firm also retails bakery products and sugary sweets, nuts, coffee, and spices, dry food stores, restaurants with service, and activities caterers who provide food services.

Nofoth Food Products Co (SAU:9556) Headlines

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