The Securities House KSC (KUW:SECH) Cash-to-Debt : 0.19 (As of Sep. 2024)

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What is The Securities House 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. The Securities House KSC's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.19.

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, The Securities House KSC couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for The Securities House KSC's Cash-to-Debt or its related term are showing as below:

KUW:SECH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 5.8 Max: No Debt
Current: 0.19

During the past 13 years, The Securities House KSC's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 5.80.

KUW:SECH's Cash-to-Debt is ranked worse than
76.29% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs KUW:SECH: 0.19

The Securities House KSC Cash-to-Debt Historical Data

The historical data trend for The Securities House 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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The Securities House KSC Cash-to-Debt Chart

The Securities House KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.94

7.88

4.84

1.50

0.96

The Securities House KSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.60	0.96	0.46	0.21	0.19

Competitive Comparison of The Securities House KSC's Cash-to-Debt

For the Asset Management subindustry, The Securities House 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.

The Securities House KSC's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The Securities House KSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The Securities House KSC's Cash-to-Debt falls into.

The Securities House 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.

The Securities House 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)
	=	5.932	/	(1.471	+	4.734)
	=	0.96

The Securities House KSC's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.452	/	(4.364	+	3.25)
	=	0.19

The Securities House KSC (KUW:SECH) 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.

The Securities House KSC Cash-to-Debt Related Terms

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

The Securities House KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Securities House KSC (KUW:SECH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalid Ibn Al-Waleed Street, P.O.Box 26972, 18th Floor, Al-Dhow Tower, Sharq, Safat, KWT, 13130

Website

https://www.sh.com.kw

The Securities House KSC is an investment company. Its services include dealing and brokerage in securities, underwriting, and sale of third-party-issued securities, investment trust, and investment monitoring, providing financial advisory and research services, establishing financial, real estate, industrial, and multipurpose investment funds, and companies, fund management on behalf of third parties, investment in real estate and other economic sectors, finance activities and mediation in borrowing and international trade activities. Its segments include Proprietary investment management; Asset management, and advisory services; and commercial activities.

The Securities House KSC Headlines

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