Keir International Co (SAU:9542) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Keir International 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. Keir International Co's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt ⁽¹⁾.

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, Keir International Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(1) 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.

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

SAU:9542' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.15 Max: No Debt
Current: 0.12

During the past 3 years, Keir International Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.15.

SAU:9542's Cash-to-Debt is ranked worse than
92.88% of 2458 companies
in the Hardware industry
Industry Median: 1.31 vs SAU:9542: 0.12

Keir International Co Cash-to-Debt Historical Data

The historical data trend for Keir International 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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Keir International Co Cash-to-Debt Chart

Keir International Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

4.89

0.09

0.01

Keir International Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.09	0.15	0.01	No Debt

Competitive Comparison of Keir International Co's Cash-to-Debt

For the Communication Equipment subindustry, Keir International 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.

Keir International Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Keir International Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Keir International Co's Cash-to-Debt falls into.

Keir International 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.

Keir International 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)
	=	0.861	/	(79.01	+	10.834)
	=	0.01

Keir International Co's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Keir International Co had no debt ⁽¹⁾.

Keir International Co (SAU:9542) 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.

Keir International Co Cash-to-Debt Related Terms

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Keir International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keir International Co (SAU:9542) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6678 Wag Valley, Building 67, Area 632, Al Malga District, Riyadh, SAU, 13524-3744

Website

https://www.keir.com.sa

Keir International Co is engaged in laying pipes of all kinds for electricity, communication, etc., installation and maintenance of security devices, repair and maintenance of stations and towers of telecommunications and radar, real state development and residential buildings with modern construction methods, network extensions, extensions of electrical wires, communication wires. The company has two reportable segments which include Telecommunication and Power out of which the majority of its revenue derives from the Telecommunication segment.

Keir International Co Headlines

No Headlines

Keir International Co (SAU:9542) Cash-to-Debt : No Debt (1) (As of Jun. 2024)