Southern Province Cement Co (SAU:3050) Cash-to-Debt : 0.78 (As of Mar. 2024)

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What is Southern Province Cement Co 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. Southern Province Cement Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.78.

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, Southern Province Cement Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Southern Province Cement Co's Cash-to-Debt or its related term are showing as below:

SAU:3050' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.71 Med: No Debt Max: No Debt
Current: 0.78

During the past 13 years, Southern Province Cement Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.71. And the median was No Debt.

SAU:3050's Cash-to-Debt is ranked better than
59.37% of 384 companies
in the Building Materials industry
Industry Median: 0.47 vs SAU:3050: 0.78

Southern Province Cement Co Cash-to-Debt Historical Data

The historical data trend for Southern Province Cement Co'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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Southern Province Cement Co Cash-to-Debt Chart

Southern Province Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.71

1.36

1.53

1.26

1.00

Southern Province Cement Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.67	0.93	0.92	1.00	0.78

Competitive Comparison of Southern Province Cement Co's Cash-to-Debt

For the Building Materials subindustry, Southern Province Cement Co'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.

Southern Province Cement Co's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Southern Province Cement Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Southern Province Cement Co's Cash-to-Debt falls into.

Southern Province Cement Co 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.

Southern Province Cement Co'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)
	=	363.097	/	(1.212	+	361.165)
	=	1.00

Southern Province Cement Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	307.069	/	(2.1	+	391.231)
	=	0.78

Southern Province Cement Co (SAU:3050) 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.

Southern Province Cement Co Cash-to-Debt Related Terms

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Southern Province Cement Co (SAU:3050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Southern Province Cement Co (SAU:3050) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, P.O. Box 548, Abha, SAU, 61421

Website

https://www.spcc.sa

Southern Province Cement Co is engaged in the manufacture and production of cement, its derivatives, and related accessories. The company operates in Saudi Arabia, and its geographical area segments are Jizan, Bisha, and Thaloth Emara.

Southern Province Cement Co (SAU:3050) Headlines

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