Taageer Finance CoOC (MUS:TFCI) Cash-to-Debt : 0.11 (As of Sep. 2024)

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What is Taageer Finance CoOC 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. Taageer Finance CoOC's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.11.

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, Taageer Finance CoOC 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 Taageer Finance CoOC's Cash-to-Debt or its related term are showing as below:

MUS:TFCI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.13
Current: 0.11

During the past 13 years, Taageer Finance CoOC's highest Cash to Debt Ratio was 0.13. The lowest was 0.02. And the median was 0.04.

MUS:TFCI's Cash-to-Debt is ranked worse than
60.59% of 510 companies
in the Credit Services industry
Industry Median: 0.21 vs MUS:TFCI: 0.11

Taageer Finance CoOC Cash-to-Debt Historical Data

The historical data trend for Taageer Finance CoOC'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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Taageer Finance CoOC Cash-to-Debt Chart

Taageer Finance CoOC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.03

0.02

0.13

0.12

0.08

Taageer Finance CoOC Quarterly Data
	Dec17	Mar18	Dec18	Dec19	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															0.09	0.08	0.08	0.11	0.11

Competitive Comparison of Taageer Finance CoOC's Cash-to-Debt

For the Credit Services subindustry, Taageer Finance CoOC'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.

Taageer Finance CoOC's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Taageer Finance CoOC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Taageer Finance CoOC's Cash-to-Debt falls into.

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Taageer Finance CoOC 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.

Taageer Finance CoOC'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)
	=	12.023	/	(67.048	+	88.608)
	=	0.08

Taageer Finance CoOC'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)
	=	18.776	/	(104.002	+	62.978)
	=	0.11

Taageer Finance CoOC (MUS:TFCI) 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.

Taageer Finance CoOC Cash-to-Debt Related Terms

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

Taageer Finance CoOC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Taageer Finance Co SAOC (MUS:TFCI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khuwair, Muscat, OMN, 136

Website

https://www.taageer.com

Taageer Finance Co SAOC is a non-banking finance company operating in Oman. The company operates in two segments corporate and retail. The Company is engaged in the business of providing leasing, working capital finance, and bill discounting to retail, SME, and corporate customers in the Sultanate of Oman. The company generates the majority of its revenue from the corporate segment and carries out business within the Sultanate of Oman.

Taageer Finance CoOC Headlines

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