Rasan Information Technology Co (SAU:8313) Cash-to-Debt : 85.72 (As of Sep. 2024)

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What is Rasan Information Technology 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. Rasan Information Technology Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 85.72.

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, Rasan Information Technology Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Rasan Information Technology Co's Cash-to-Debt or its related term are showing as below:

SAU:8313' s Cash-to-Debt Range Over the Past 10 Years
Min: 85.72 Med: 91.01 Max: 96.29
Current: 85.72

During the past 0 years, Rasan Information Technology Co's highest Cash to Debt Ratio was 96.29. The lowest was 85.72. And the median was 91.01.

SAU:8313's Cash-to-Debt is ranked better than
80.12% of 488 companies
in the Insurance industry
Industry Median: 2.07 vs SAU:8313: 85.72

Rasan Information Technology Co Cash-to-Debt Historical Data

The historical data trend for Rasan Information Technology 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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Rasan Information Technology Co Cash-to-Debt Chart

Rasan Information Technology Co Annual Data

Trend

Cash-to-Debt

Rasan Information Technology Co Quarterly Data
	Jun23	Sep23	Jun24	Sep24
Cash-to-Debt	N/A	N/A	96.29	85.72

Competitive Comparison of Rasan Information Technology Co's Cash-to-Debt

For the Insurance Brokers subindustry, Rasan Information Technology 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.

Rasan Information Technology Co's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Rasan Information Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Rasan Information Technology Co's Cash-to-Debt falls into.

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Rasan Information Technology 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.

Rasan Information Technology Co's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Rasan Information Technology Co'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)
	=	384.612	/	(1.965	+	2.522)
	=	85.72

Rasan Information Technology Co (SAU:8313) 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.

Rasan Information Technology Co Cash-to-Debt Related Terms

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Rasan Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Rasan Information Technology Co (SAU:8313) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3413, Al Thumama Road, 1st Floor, Al-Jadah Square, Qurtuba District, Riyadh, SAU, 13248

Website

https://www.rasan.co

Rasan Information Technology Co is engaged in online wholesale, electronic publishing, ready software publishing, systems analysis, design and customization of program software, software maintenance, web page design, setting up of web page hosting infrastructure, providing SMS design, and website design. Currently, it is engaged in providing insurance aggregator, online auto auction, and online leasing insurance services. The company's operating segments include Tameeni-Motors, Tameeni-Health, Leasing, Awal Mazad, and R Solutions. Maximum revenue is derived from the Tameeni Motors segment which offers a B2C digital platform providing vehicle owners access to motor insurers.

Rasan Information Technology Co Headlines

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