Saudi Azm for Communication and Information Technology Co (SAU:9534) Cash-to-Debt : 3.15 (As of Dec. 2023)

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What is Saudi Azm for Communication and 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. Saudi Azm for Communication and Information Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.15.

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, Saudi Azm for Communication and Information Technology 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 Saudi Azm for Communication and Information Technology Co's Cash-to-Debt or its related term are showing as below:

SAU:9534' s Cash-to-Debt Range Over the Past 10 Years
Min: 2 Med: 2.92 Max: 3.87
Current: 3.15

During the past 3 years, Saudi Azm for Communication and Information Technology Co's highest Cash to Debt Ratio was 3.87. The lowest was 2.00. And the median was 2.92.

SAU:9534's Cash-to-Debt is ranked better than
53.51% of 2794 companies
in the Software industry
Industry Median: 2.535 vs SAU:9534: 3.15

Saudi Azm for Communication and Information Technology Co Cash-to-Debt Historical Data

The historical data trend for Saudi Azm for Communication and 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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Saudi Azm for Communication and Information Technology Co Cash-to-Debt Chart

Saudi Azm for Communication and Information Technology Co Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

2.00

2.92

2.65

Saudi Azm for Communication and Information Technology Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	2.92	3.87	2.65	3.15

Competitive Comparison of Saudi Azm for Communication and Information Technology Co's Cash-to-Debt

For the Software - Application subindustry, Saudi Azm for Communication and 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.

Saudi Azm for Communication and Information Technology Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Saudi Azm for Communication and Information Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Saudi Azm for Communication and Information Technology Co's Cash-to-Debt falls into.

Saudi Azm for Communication and 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.

Saudi Azm for Communication and Information Technology Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	52.615	/	(6.891	+	12.941)
	=	2.65

Saudi Azm for Communication and Information Technology 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)
	=	60.54	/	(8.245	+	11.003)
	=	3.15

Saudi Azm for Communication and Information Technology Co (SAU:9534) 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.

Saudi Azm for Communication and Information Technology Co Cash-to-Debt Related Terms

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Saudi Azm for Communication and Information Technology Co (SAU:9534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Saudi Azm for Communication and Information Technology Co (SAU:9534) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7999, King Khalid Road, 2280 West Umm Al Hammam District, Riyadh, SAU, 12329

Website

Saudi Azm for Communication and Information Technology Co aims at providing solutions to projects with qualitative impact in the fields of information technology and executive consulting. The company's main areas of work are divided into: information technology activities, building and operating platforms, executive consulting activities, establishing and operating vision realization offices and data entities, operation and specialized consulting activities, and partnership activities with the public sector. Segments include Manpower, Platform, Subscriptions, Services where in the majority revenue is generated through manpower segment reporting.

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