Edarat Communication And Information Technology Co (SAU:9557) Cash-to-Debt : 7.51 (As of Jun. 2024)

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What is Edarat 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. Edarat Communication And Information Technology Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 7.51.

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, Edarat Communication And Information Technology Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Edarat Communication And Information Technology Co's Cash-to-Debt or its related term are showing as below:

SAU:9557' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 2.33 Max: 7.51
Current: 7.51

During the past 3 years, Edarat Communication And Information Technology Co's highest Cash to Debt Ratio was 7.51. The lowest was 0.04. And the median was 2.33.

SAU:9557's Cash-to-Debt is ranked better than
65.34% of 2796 companies
in the Software industry
Industry Median: 2.33 vs SAU:9557: 7.51

Edarat Communication And Information Technology Co Cash-to-Debt Historical Data

The historical data trend for Edarat 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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Edarat Communication And Information Technology Co Cash-to-Debt Chart

Edarat Communication And Information Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.04

1.94

3.36

Edarat Communication And Information Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			N/A	1.94	2.33	3.36	7.51

Competitive Comparison of Edarat Communication And Information Technology Co's Cash-to-Debt

For the Information Technology Services subindustry, Edarat 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.

Edarat Communication And Information Technology Co's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Edarat Communication And Information Technology Co's Cash-to-Debt falls into.

Edarat 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.

Edarat Communication And Information Technology 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)
	=	8.899	/	(1.27	+	1.375)
	=	3.36

Edarat Communication And Information Technology Co's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	12.608	/	(0.629	+	1.049)
	=	7.51

Edarat Communication And Information Technology Co (SAU:9557) 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.

Edarat Communication And Information Technology Co Cash-to-Debt Related Terms

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Edarat Communication And Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edarat Communication And Information Technology Co (SAU:9557) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Nasir Bin Saud Bin Farhan Al Saud Street, Al Yasmeen District, Riyadh, SAU, 13322

Website

https://www.edaratgroup.com

Edarat Communication And Information Technology Co is a Cloud Service Provider, and a Data Center Consulting Company. It is a technology services company delivering critical facilities engineering, technology consulting, and cloud-managed services that help its clients build, modernize and transform their IT infrastructure to support their business strategies. Its services include advisory, data center engineering, smart cities & smart building technology (IoT), workload migration, and cloud services.

Edarat Communication And Information Technology Co Headlines

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