Sure Global Tech Co (SAU:9550) Cash-to-Debt : 67.87 (As of Dec. 2023)

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What is Sure Global Tech 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. Sure Global Tech Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 67.87.

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, Sure Global Tech 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 Sure Global Tech Co's Cash-to-Debt or its related term are showing as below:

SAU:9550' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.99 Med: 55.71 Max: 67.87
Current: 67.87

During the past 3 years, Sure Global Tech Co's highest Cash to Debt Ratio was 67.87. The lowest was 14.99. And the median was 55.71.

SAU:9550's Cash-to-Debt is ranked better than
83.52% of 2798 companies
in the Software industry
Industry Median: 2.55 vs SAU:9550: 67.87

Sure Global Tech Co Cash-to-Debt Historical Data

The historical data trend for Sure Global Tech 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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Sure Global Tech Co Cash-to-Debt Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

14.99

55.71

67.87

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	14.99	N/A	55.71	67.17	67.87

Competitive Comparison of Sure Global Tech Co's Cash-to-Debt

For the Information Technology Services subindustry, Sure Global Tech 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.

Sure Global Tech Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Sure Global Tech Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sure Global Tech Co's Cash-to-Debt falls into.

Sure Global Tech 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.

Sure Global Tech 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)
	=	65.63	/	(0.237	+	0.73)
	=	67.87

Sure Global Tech 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)
	=	65.63	/	(0.237	+	0.73)
	=	67.87

Sure Global Tech Co (SAU:9550) 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.

Sure Global Tech Co Cash-to-Debt Related Terms

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Sure Global Tech Co (SAU:9550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

Sure Global Tech Co (SAU:9550) Headlines

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