Natural Gas Distribution Co (SAU:9516) Cash-to-Debt : 1.69 (As of Dec. 2023)

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What is Natural Gas Distribution 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. Natural Gas Distribution Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.69.

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, Natural Gas Distribution Co 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 Natural Gas Distribution Co's Cash-to-Debt or its related term are showing as below:

SAU:9516' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.85 Max: 1.69
Current: 1.69

During the past 3 years, Natural Gas Distribution Co's highest Cash to Debt Ratio was 1.69. The lowest was 0.29. And the median was 0.85.

SAU:9516's Cash-to-Debt is ranked better than
78.5% of 507 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs SAU:9516: 1.69

Natural Gas Distribution Co Cash-to-Debt Historical Data

The historical data trend for Natural Gas Distribution 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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Natural Gas Distribution Co Cash-to-Debt Chart

Natural Gas Distribution Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.29

0.85

1.69

Natural Gas Distribution Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.29	0.72	0.85	2.10	1.69

Competitive Comparison of Natural Gas Distribution Co's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Natural Gas Distribution 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.

Natural Gas Distribution Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Natural Gas Distribution Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Natural Gas Distribution Co's Cash-to-Debt falls into.

Natural Gas Distribution 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.

Natural Gas Distribution 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)
	=	14.683	/	(5.63	+	3.07)
	=	1.69

Natural Gas Distribution Co'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)
	=	14.683	/	(5.63	+	3.07)
	=	1.69

Natural Gas Distribution Co (SAU:9516) 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.

Natural Gas Distribution Co Cash-to-Debt Related Terms

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Natural Gas Distribution Co (SAU:9516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Natural Gas Distribution Co (SAU:9516) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O. 000512, Second Industrial City, Riyadh, SAU, 11382

Website

http://www.ngdc.com.sa

Natural Gas Distribution Co owns and maintains natural gas networks. The company.s activity is the distribution of gaseous fuels through pipes and gas pipelines, their maintenance and repair, the wholesale sale of gaseous fuels, and the transportation of natural gas through pipelines. Its core business is to supply the factories located in the second industrial city of Riyadh. The company is supplied with natural gas from Saudi Aramco through the main pipeline. Its services include the operation and maintenance of natural gas networks.

Natural Gas Distribution Co (SAU:9516) Headlines

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