National Industries Group HoldingK (KUW:NIND) Cash-to-Debt : 0.27 (As of Jun. 2024)

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What is National Industries Group HoldingK 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. National Industries Group HoldingK's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.27.

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, National Industries Group HoldingK 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 National Industries Group HoldingK's Cash-to-Debt or its related term are showing as below:

KUW:NIND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: 1.01
Current: 0.27

During the past 13 years, National Industries Group HoldingK's highest Cash to Debt Ratio was 1.01. The lowest was 0.06. And the median was 0.25.

KUW:NIND's Cash-to-Debt is ranked worse than
61.61% of 534 companies
in the Conglomerates industry
Industry Median: 0.48 vs KUW:NIND: 0.27

National Industries Group HoldingK Cash-to-Debt Historical Data

The historical data trend for National Industries Group HoldingK'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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National Industries Group HoldingK Cash-to-Debt Chart

National Industries Group HoldingK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.11

0.16

0.30

0.28

National Industries Group HoldingK 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															0.28	0.27	0.28	0.27	0.27

Competitive Comparison of National Industries Group HoldingK's Cash-to-Debt

For the Conglomerates subindustry, National Industries Group HoldingK'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.

National Industries Group HoldingK's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, National Industries Group HoldingK's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where National Industries Group HoldingK's Cash-to-Debt falls into.

National Industries Group HoldingK 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.

National Industries Group HoldingK'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)
	=	201.296	/	(294.384	+	428.719)
	=	0.28

National Industries Group HoldingK'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)
	=	198.462	/	(326.634	+	418.502)
	=	0.27

National Industries Group HoldingK (KUW:NIND) 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.

National Industries Group HoldingK Cash-to-Debt Related Terms

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National Industries Group HoldingK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » National Industries Group Holding SAK (KUW:NIND) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

NIND:United Arab Emirates

Address

Shuwaikh - Jahra Road Interchange, P.O. Box 417, Beside kuwait Red Cresent Society, Safat, Kuwait City, KWT, 13005

Website

http://www.nig.com.kw

National Industries Group Holding SAK operates in investment and its objectives are owning stocks and shares, lending money, owning industrial equities such as patents, and royalties, and owning real estate and moveable property. The company has four segments: Investment and financial services, Real estate and construction, Specialist engineering and chemical, and IT services. Geographically, it generates the majority of revenue from the Kuwait region.

National Industries Group HoldingK Headlines

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