Jassim Transport & Stevedoring Co KSCC (KUW:JTC) Cash-to-Debt : 0.52 (As of Jun. 2024)

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What is Jassim Transport & Stevedoring Co KSCC 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. Jassim Transport & Stevedoring Co KSCC's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.52.

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, Jassim Transport & Stevedoring Co KSCC couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Jassim Transport & Stevedoring Co KSCC's Cash-to-Debt or its related term are showing as below:

KUW:JTC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.81 Max: 3.8
Current: 0.52

During the past 5 years, Jassim Transport & Stevedoring Co KSCC's highest Cash to Debt Ratio was 3.80. The lowest was 0.33. And the median was 0.81.

KUW:JTC's Cash-to-Debt is ranked better than
53.59% of 976 companies
in the Transportation industry
Industry Median: 0.48 vs KUW:JTC: 0.52

Jassim Transport & Stevedoring Co KSCC Cash-to-Debt Historical Data

The historical data trend for Jassim Transport & Stevedoring Co KSCC'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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Jassim Transport & Stevedoring Co KSCC Cash-to-Debt Chart

Jassim Transport & Stevedoring Co KSCC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

4.82

3.80

0.53

0.82

0.89

Jassim Transport & Stevedoring Co KSCC Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial										0.83	0.84	0.89	0.80	0.52

Competitive Comparison of Jassim Transport & Stevedoring Co KSCC's Cash-to-Debt

For the Trucking subindustry, Jassim Transport & Stevedoring Co KSCC'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.

Jassim Transport & Stevedoring Co KSCC's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jassim Transport & Stevedoring Co KSCC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jassim Transport & Stevedoring Co KSCC's Cash-to-Debt falls into.

Jassim Transport & Stevedoring Co KSCC 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.

Jassim Transport & Stevedoring Co KSCC'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)
	=	15.073	/	(2.299	+	14.625)
	=	0.89

Jassim Transport & Stevedoring Co KSCC's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	5.631	/	(1.957	+	8.953)
	=	0.52

Jassim Transport & Stevedoring Co KSCC (KUW:JTC) 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.

Jassim Transport & Stevedoring Co KSCC Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jassim Transport & Stevedoring Co KSCC's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jassim Transport & Stevedoring Co KSCC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jassim Transport & Stevedoring Co KSCC (KUW:JTC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saleh Sulaiman Al Jarah Real Estate Complex, Office 2, 5th floor, P.O. Box 22801, Mirqab, Area No 1, Building No 8, Safat, KWT, 13089

Website

https://www.jtckw.com

Jassim Transport & Stevedoring Co KSCC is a inland transportation company. It provides professional, high-quality and cost-effective solutions through four customer-focused operating divisions such as port management, contract logistics, equipment leasing and power rental. The majority of the revenue is earned in Kuwait.

Jassim Transport & Stevedoring Co KSCC Headlines

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