National Co for Glass Industries (SAU:2150) Cash-to-Debt : 1.46 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is National Co for Glass Industries 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 Co for Glass Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.46.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, National Co for Glass Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for National Co for Glass Industries's Cash-to-Debt or its related term are showing as below:

SAU:2150' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.32 Max: 180.7
Current: 1.46

During the past 13 years, National Co for Glass Industries's highest Cash to Debt Ratio was 180.70. The lowest was 0.11. And the median was 0.32.

SAU:2150's Cash-to-Debt is ranked better than
68.34% of 379 companies
in the Packaging & Containers industry
Industry Median: 0.41 vs SAU:2150: 1.46

National Co for Glass Industries Cash-to-Debt Historical Data

The historical data trend for National Co for Glass Industries'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.

* Premium members only.

National Co for Glass Industries Cash-to-Debt Chart

National Co for Glass Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.11

0.32

0.19

0.29

1.46

National Co for Glass Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.59	0.56	1.07	1.46

Competitive Comparison of National Co for Glass Industries's Cash-to-Debt

For the Packaging & Containers subindustry, National Co for Glass Industries'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 Co for Glass Industries's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, National Co for Glass Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where National Co for Glass Industries's Cash-to-Debt falls into.

National Co for Glass Industries 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 Co for Glass Industries'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)
	=	22.353	/	(8.887	+	6.416)
	=	1.46

National Co for Glass Industries'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)
	=	22.353	/	(8.887	+	6.416)
	=	1.46

National Co for Glass Industries (SAU:2150) 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 Co for Glass Industries Cash-to-Debt Related Terms

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

National Co for Glass Industries (SAU:2150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » National Co for Glass Industries (SAU:2150) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Second Industrial City, Unit No. 5, P.O. Box 88646, Building No. 8317, Riyadh, SAU, 11672

Website

https://www.zoujaj-glass.com

National Co for Glass Industries is a company whose principal activity is the manufacture and sale of returnable and non-returnable glass bottles and float glass. It owns two factories in Riyadh and Dammam. The company also invests in the flat glass industry through its associate companies.

National Co for Glass Industries (SAU:2150) Headlines

No Headlines