Jahangir Siddiqui (KAR:JSCL) Cash-to-Debt : 2.80 (As of Sep. 2024)

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What is Jahangir Siddiqui 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. Jahangir Siddiqui's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.80.

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, Jahangir Siddiqui could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

KAR:JSCL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 2.14 Max: 7.99
Current: 2.8

During the past 13 years, Jahangir Siddiqui's highest Cash to Debt Ratio was 7.99. The lowest was 0.46. And the median was 2.14.

KAR:JSCL's Cash-to-Debt is ranked better than
68.01% of 1494 companies
in the Banks industry
Industry Median: 1.33 vs KAR:JSCL: 2.80

Jahangir Siddiqui Cash-to-Debt Historical Data

The historical data trend for Jahangir Siddiqui'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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Jahangir Siddiqui Cash-to-Debt Chart

Jahangir Siddiqui Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.13

3.75

3.05

2.40

1.92

Jahangir Siddiqui 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															2.21	1.92	1.19	3.16	2.80

Competitive Comparison of Jahangir Siddiqui's Cash-to-Debt

For the Banks - Regional subindustry, Jahangir Siddiqui'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.

Jahangir Siddiqui's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Jahangir Siddiqui's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jahangir Siddiqui's Cash-to-Debt falls into.

Jahangir Siddiqui 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.

Jahangir Siddiqui'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)
	=	204013.032	/	(62233.825	+	43938.387)
	=	1.92

Jahangir Siddiqui'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)
	=	358877.816	/	(87417.803	+	40806.967)
	=	2.80

Jahangir Siddiqui (KAR:JSCL) 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.

Jahangir Siddiqui Cash-to-Debt Related Terms

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

Jahangir Siddiqui Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jahangir Siddiqui & Co Ltd (KAR:JSCL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abdullah Haroon Road, 20th Floor, The Centre Plot No. 28, SB-5, Saddar, Karachi, SD, PAK, 74400

Website

https://www.js.com

Jahangir Siddiqui & Co Ltd offers banking services. The company operates through a various business segment that is Capital Market and Brokerage, which is engaged in trading equity securities, maintaining strategic and trading portfolios and earning share brokerage and money market, forex and commodity brokerage; Banking, which provides investment and commercial banking; Investment Advisor, which provides investment advisory and asset management services to different mutual funds and unit trusts; Energy Infrastructure and petroleum segment engaged into investment in the oil marketing sector and storage of petroleum, Liquified Petroleum gas and allied products; and Others. The Banking segment generates maximum revenue for the company.

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