Irbid District Electricity (AMM:IREL) Cash-to-Debt : 0.43 (As of Sep. 2024)

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What is Irbid District Electricity 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. Irbid District Electricity's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.43.

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, Irbid District Electricity couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Irbid District Electricity's Cash-to-Debt or its related term are showing as below:

AMM:IREL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0 Max: 5.18
Current: 0.43

During the past 13 years, Irbid District Electricity's highest Cash to Debt Ratio was 5.18. The lowest was 0.00. And the median was 0.00.

AMM:IREL's Cash-to-Debt is ranked better than
60.89% of 473 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs AMM:IREL: 0.43

Irbid District Electricity Cash-to-Debt Historical Data

The historical data trend for Irbid District Electricity'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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Irbid District Electricity Cash-to-Debt Chart

Irbid District Electricity Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

N/A

0.90

0.46

Irbid District Electricity Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.49	0.46	0.44	0.54	0.43

Competitive Comparison of Irbid District Electricity's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Irbid District Electricity'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.

Irbid District Electricity's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Irbid District Electricity's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Irbid District Electricity's Cash-to-Debt falls into.

Irbid District Electricity 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.

Irbid District Electricity'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)
	=	37.572	/	(67.724	+	14.548)
	=	0.46

Irbid District Electricity's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	37.511	/	(73.552	+	13.395)
	=	0.43

Irbid District Electricity (AMM:IREL) 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.

Irbid District Electricity Cash-to-Debt Related Terms

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Irbid District Electricity Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Irbid District Electricity (AMM:IREL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ratib Al Batayneh Street, P.O. Box 46, Irbid Main Building, Irbid, JOR, 21110

Website

https://www.ideco.com.jo

Irbid District Electricity is engaged in the generation, transmission, and distribution of electric power in Jordan. The main activities of the company are to distribute electric power and to provide it to retail customers in the north of Jordan including Irbid, Mafraq, Jerash, and Ajloun.

Irbid District Electricity Headlines

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