Future Care Trading Co (SAU:9544) Cash-to-Debt : 18.26 (As of Jun. 2023)

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What is Future Care Trading 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. Future Care Trading Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 18.26.

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, Future Care Trading Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

SAU:9544' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.2 Med: 18.72 Max: 22.24
Current: 22.24

During the past 2 years, Future Care Trading Co's highest Cash to Debt Ratio was 22.24. The lowest was 15.20. And the median was 18.72.

SAU:9544's Cash-to-Debt is ranked better than
85.84% of 664 companies
in the Healthcare Providers & Services industry
Industry Median: 0.68 vs SAU:9544: 22.24

Future Care Trading Co Cash-to-Debt Historical Data

The historical data trend for Future Care Trading 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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Future Care Trading Co Cash-to-Debt Chart

Future Care Trading Co Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

15.20

22.24

Future Care Trading Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	N/A	15.20	18.26	22.24

Competitive Comparison of Future Care Trading Co's Cash-to-Debt

For the Medical Care Facilities subindustry, Future Care Trading 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.

Future Care Trading Co's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Future Care Trading Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Future Care Trading Co's Cash-to-Debt falls into.

Future Care Trading 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.

Future Care Trading 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)
	=	50.993	/	(0.552	+	1.741)
	=	22.24

Future Care Trading Co's Cash to Debt Ratio for the quarter 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)
	=	41.892	/	(0.718	+	1.576)
	=	18.26

Future Care Trading Co (SAU:9544) 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.

Future Care Trading Co Cash-to-Debt Related Terms

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Future Care Trading Co (SAU:9544) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Future Care Trading Co (SAU:9544) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ahmed Aqilan Street, P.O 6454, Al-Khalidiya District, Jeddah, SAU, 23421

Website

https://www.fc.med.sa

Future Care Trading Co offers home healthcare facilities in the Kingdom of Saudi Arabia, which includes a distinguished group of Healthcare Personnel. Its services comprise Doctor Visits, Nursing Services, Nursing Aid, Physiotherapy, Laboratory Services, Nutrition Services, and Social Services.

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