Al Enmaa Real Estate Co (KUW:ERESCO) Cash-to-Debt : 0.92 (As of Apr. 2024)

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What is Al Enmaa Real Estate 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. Al Enmaa Real Estate Co's cash to debt ratio for the quarter that ended in Apr. 2024 was 0.92.

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, Al Enmaa Real Estate Co couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2024.

The historical rank and industry rank for Al Enmaa Real Estate Co's Cash-to-Debt or its related term are showing as below:

KUW:ERESCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.52 Max: 1.03
Current: 0.92

During the past 13 years, Al Enmaa Real Estate Co's highest Cash to Debt Ratio was 1.03. The lowest was 0.04. And the median was 0.52.

KUW:ERESCO's Cash-to-Debt is ranked better than
73.24% of 1790 companies
in the Real Estate industry
Industry Median: 0.255 vs KUW:ERESCO: 0.92

Al Enmaa Real Estate Co Cash-to-Debt Historical Data

The historical data trend for Al Enmaa Real Estate 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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Al Enmaa Real Estate Co Cash-to-Debt Chart

Al Enmaa Real Estate Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.53

0.52

0.56

0.81

0.99

Al Enmaa Real Estate Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial															0.68	0.89	0.99	1.03	0.92

Competitive Comparison of Al Enmaa Real Estate Co's Cash-to-Debt

For the Real Estate Services subindustry, Al Enmaa Real Estate 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.

Al Enmaa Real Estate Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Al Enmaa Real Estate Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Al Enmaa Real Estate Co's Cash-to-Debt falls into.

Al Enmaa Real Estate 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.

Al Enmaa Real Estate Co's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	12.547	/	(5.441	+	7.257)
	=	0.99

Al Enmaa Real Estate Co's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	7.676	/	(1.224	+	7.086)
	=	0.92

Al Enmaa Real Estate Co (KUW:ERESCO) 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.

Al Enmaa Real Estate Co Cash-to-Debt Related Terms

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Al Enmaa Real Estate Co (KUW:ERESCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al Enmaa Real Estate Co (KUW:ERESCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Enmaa Tower, Abdullah Al-Mubarak Street, P.O. Box 24544, 1st, 2nd and Mezzanine Floors, Opposite Scientific Museum, Mirqab, Kuwait, KWT, 13160

Website

https://www.enmaa.com

Al Enmaa Real Estate Co is a real estate development and investment company. It is organized into the following operating segments namely Construction, Services Rendered, Real Estate, and Investments. The Services Rendered segment undertakes contracts to construct buildings and maintenance of mechanical and electrical spare parts and building materials. It generates maximum revenue from the Services Rendered segment.

Al Enmaa Real Estate Co (KUW:ERESCO) Headlines

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