Combined Group Contracting K C (KUW:CGC) Cash-to-Debt : 0.81 (As of Mar. 2024)

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What is Combined Group Contracting K C 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. Combined Group Contracting K C's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.81.

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, Combined Group Contracting K C 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 Combined Group Contracting K C's Cash-to-Debt or its related term are showing as below:

KUW:CGC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: 1.61
Current: 0.81

During the past 13 years, Combined Group Contracting K C's highest Cash to Debt Ratio was 1.61. The lowest was 0.13. And the median was 0.35.

KUW:CGC's Cash-to-Debt is ranked better than
55.38% of 1683 companies
in the Construction industry
Industry Median: 0.63 vs KUW:CGC: 0.81

Combined Group Contracting K C Cash-to-Debt Historical Data

The historical data trend for Combined Group Contracting K C'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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Combined Group Contracting K C Cash-to-Debt Chart

Combined Group Contracting K C Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.34

0.92

1.61

0.97

0.85

Combined Group Contracting K C 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															0.75	0.66	0.75	0.85	0.81

Competitive Comparison of Combined Group Contracting K C's Cash-to-Debt

For the Engineering & Construction subindustry, Combined Group Contracting K C'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.

Combined Group Contracting K C's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Combined Group Contracting K C's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Combined Group Contracting K C's Cash-to-Debt falls into.

Combined Group Contracting K C 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.

Combined Group Contracting K C'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)
	=	24.142	/	(18.391	+	10.059)
	=	0.85

Combined Group Contracting K C'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)
	=	24.085	/	(19.772	+	9.9)
	=	0.81

Combined Group Contracting K C (KUW:CGC) 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.

Combined Group Contracting K C Cash-to-Debt Related Terms

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Combined Group Contracting K C (KUW:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Combined Group Contracting SA K C (KUW:CGC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049

Website

https://www.cgc-kw.com

Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction industry. It undertakes general contracting, mechanical works, engineering works; packaging cement, sand, and related materials; Asphalt production, constructions works of building, ways, bridges and managing, controlling them and their related works and many other activities. The group has the operations in State of Kuwait and Gulf Countries of which it earns the majority of revenue share from Kuwait region.