Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Cash-to-Debt : 0.67 (As of Mar. 2024)

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What is Gulf Cable & Electrical Industries Co 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. Gulf Cable & Electrical Industries Co KSC's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.67.

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, Gulf Cable & Electrical Industries Co KSC couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Gulf Cable & Electrical Industries Co KSC's Cash-to-Debt or its related term are showing as below:

KUW:CABLE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.22 Max: 2595.25
Current: 0.67

During the past 13 years, Gulf Cable & Electrical Industries Co KSC's highest Cash to Debt Ratio was 2595.25. The lowest was 0.06. And the median was 0.22.

KUW:CABLE's Cash-to-Debt is ranked worse than
62.15% of 3009 companies
in the Industrial Products industry
Industry Median: 1.22 vs KUW:CABLE: 0.67

Gulf Cable & Electrical Industries Co KSC Cash-to-Debt Historical Data

The historical data trend for Gulf Cable & Electrical Industries Co 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.

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Gulf Cable & Electrical Industries Co KSC Cash-to-Debt Chart

Gulf Cable & Electrical Industries Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.37

7.17

0.26

0.21

0.41

Gulf Cable & Electrical Industries Co KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.44	0.47	0.38	0.41	0.67

Competitive Comparison of Gulf Cable & Electrical Industries Co KSC's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Gulf Cable & Electrical Industries Co 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.

Gulf Cable & Electrical Industries Co KSC's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gulf Cable & Electrical Industries Co KSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gulf Cable & Electrical Industries Co KSC's Cash-to-Debt falls into.

Gulf Cable & Electrical Industries Co KSC 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.

Gulf Cable & Electrical Industries Co KSC'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)
	=	13.18	/	(8.222	+	23.984)
	=	0.41

Gulf Cable & Electrical Industries Co KSC'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)
	=	19.551	/	(9.036	+	20.244)
	=	0.67

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) 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.

Gulf Cable & Electrical Industries Co KSC Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Gulf Cable & Electrical Industries Co KSC's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalaf Al-Ahmar Street, P.O. Box 1196, Sulaibiya Area No. 1, Sulaibiya Industrial Area, Opposite to KPTC Warehouse, Kuwait, KWT, 13012

Website

https://www.gulfcable.com

Gulf Cable & Electrical Industries Co KSC is a manufacturer and supplier of electrical and telephone cables, electrical transformers, switches and distribution panels, and aluminum chips. The group has three operating segments: Cable manufacture; Investment and Rendering services. The Cable manufacture segment contributes the maximum revenue. Its product range includes medium and low voltage power cables, control cables, bare conductors, telephone, communication and instrumentation cables.

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) Headlines

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