Mezzan Holding Co KSC (KUW:MEZZAN) Cash-to-Debt : 0.21 (As of Jun. 2024)

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What is Mezzan Holding 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. Mezzan Holding Co KSC's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.21.

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, Mezzan Holding Co KSC 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 Mezzan Holding Co KSC's Cash-to-Debt or its related term are showing as below:

KUW:MEZZAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.24 Max: 0.36
Current: 0.21

During the past 9 years, Mezzan Holding Co KSC's highest Cash to Debt Ratio was 0.36. The lowest was 0.16. And the median was 0.24.

KUW:MEZZAN's Cash-to-Debt is ranked worse than
67.75% of 1876 companies
in the Consumer Packaged Goods industry
Industry Median: 0.505 vs KUW:MEZZAN: 0.21

Mezzan Holding Co KSC Cash-to-Debt Historical Data

The historical data trend for Mezzan Holding 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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Mezzan Holding Co KSC Cash-to-Debt Chart

Mezzan Holding Co KSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.18

0.26

0.25

0.23

0.31

Mezzan Holding Co KSC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.24	0.31	0.34	0.21

Competitive Comparison of Mezzan Holding Co KSC's Cash-to-Debt

For the Packaged Foods subindustry, Mezzan Holding 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.

Mezzan Holding Co KSC's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mezzan Holding Co KSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mezzan Holding Co KSC's Cash-to-Debt falls into.

Mezzan Holding 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.

Mezzan Holding 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)
	=	28.073	/	(88.416	+	2.02)
	=	0.31

Mezzan Holding Co KSC'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)
	=	18.015	/	(85.601	+	1.499)
	=	0.21

Mezzan Holding Co KSC (KUW:MEZZAN) 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.

Mezzan Holding Co KSC Cash-to-Debt Related Terms

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

Mezzan Holding Co KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mezzan Holding Co KSC (KUW:MEZZAN) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Shuwaikh Industrial Area 3, Block 1A, Jassim Al Wazzan Sons Building, P.O Box: 124, Safat, KWT, 13002

Website

https://www.mezzan.com

Mezzan Holding Co KSC is engaged in the manufacturing, sale, and distribution of food and non-food products. It manufactures and distributes chips, snacks, meats, bottled water, and canned foods and is also involved in the catering business, providing meals to corporations, hotels, airlines, industrial sites, and government ministries. It operates in five segments namely: Food; Catering; Services; Fast Moving Consumer Goods, Healthcare Industrial; and Industrial. The firm derives most of its revenue from the Food segment. The company's geographical segments include Kuwait, Saudi Arabia, United Arab Emirates, Qatar, Jordan, Afghanistan, and Iraq.

Mezzan Holding Co KSC Headlines

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