Al Jazeera Steel Products CoOG (MUS:ATMI) Cash-to-Debt : 0.32 (As of Dec. 2023)

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What is Al Jazeera Steel Products CoOG 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 Jazeera Steel Products CoOG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.32.

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 Jazeera Steel Products CoOG couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Al Jazeera Steel Products CoOG's Cash-to-Debt or its related term are showing as below:

MUS:ATMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.29 Max: 0.45
Current: 0.32

During the past 13 years, Al Jazeera Steel Products CoOG's highest Cash to Debt Ratio was 0.45. The lowest was 0.12. And the median was 0.29.

MUS:ATMI's Cash-to-Debt is ranked worse than
55.2% of 625 companies
in the Steel industry
Industry Median: 0.38 vs MUS:ATMI: 0.32

Al Jazeera Steel Products CoOG Cash-to-Debt Historical Data

The historical data trend for Al Jazeera Steel Products CoOG'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 Jazeera Steel Products CoOG Cash-to-Debt Chart

Al Jazeera Steel Products CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.43

0.33

0.29

0.22

0.32

Al Jazeera Steel Products CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial													0.43	0.33	0.29	0.22	0.32

Competitive Comparison of Al Jazeera Steel Products CoOG's Cash-to-Debt

For the Steel subindustry, Al Jazeera Steel Products CoOG'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 Jazeera Steel Products CoOG's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Al Jazeera Steel Products CoOG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Al Jazeera Steel Products CoOG's Cash-to-Debt falls into.

Al Jazeera Steel Products CoOG 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 Jazeera Steel Products CoOG'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)
	=	11.408	/	(21.337	+	14.612)
	=	0.32

Al Jazeera Steel Products CoOG's Cash to Debt Ratio for the quarter 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)
	=	11.408	/	(21.337	+	14.612)
	=	0.32

Al Jazeera Steel Products CoOG (MUS:ATMI) 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 Jazeera Steel Products CoOG Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Al Jazeera Steel Products CoOG's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Jazeera Steel Products CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Al Jazeera Steel Products Co SAOG (MUS:ATMI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suhar Industrial Estate, P.O. Box 40, Suhar, OMN, 327

Website

https://www.jazeerasteel.com

Al Jazeera Steel Products Co SAOG is a steel manufacturing firm. It manufactures and sale steel tube, pipes and structural products including associated work. The company deals in products such as Black pipes, Galvanized pipes, Hollow sections, CTL Sheets and Merchant bar, of which key revenue is derived from the sales of Merchant bars. Geographically, the group has a business presence in the GCC countries including Oman, North America and other countries.

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