Dar Almarkabah For Renting Cars Co (SAU:9577) Cash-to-Debt : 0.03 (As of Jun. 2024)

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What is Dar Almarkabah For Renting Cars 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. Dar Almarkabah For Renting Cars Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.03.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Dar Almarkabah For Renting Cars Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Dar Almarkabah For Renting Cars Co's Cash-to-Debt or its related term are showing as below:

SAU:9577' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.42
Current: 0.03

During the past 2 years, Dar Almarkabah For Renting Cars Co's highest Cash to Debt Ratio was 0.42. The lowest was 0.03. And the median was 0.07.

SAU:9577's Cash-to-Debt is ranked worse than
64.64% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs SAU:9577: 0.03

Dar Almarkabah For Renting Cars Co Cash-to-Debt Historical Data

The historical data trend for Dar Almarkabah For Renting Cars 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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Dar Almarkabah For Renting Cars Co Cash-to-Debt Chart

Dar Almarkabah For Renting Cars Co Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.05

0.42

Dar Almarkabah For Renting Cars Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	N/A	0.05	0.09	0.42	0.03

Competitive Comparison of Dar Almarkabah For Renting Cars Co's Cash-to-Debt

For the Rental & Leasing Services subindustry, Dar Almarkabah For Renting Cars 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.

Dar Almarkabah For Renting Cars Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Dar Almarkabah For Renting Cars Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dar Almarkabah For Renting Cars Co's Cash-to-Debt falls into.

Dar Almarkabah For Renting Cars 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.

Dar Almarkabah For Renting Cars 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)
	=	4.592	/	(11.07	+	0)
	=	0.41

Dar Almarkabah For Renting Cars 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)
	=	0.381	/	(14.076	+	0)
	=	0.03

Dar Almarkabah For Renting Cars Co (SAU:9577) 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.

Dar Almarkabah For Renting Cars Co Cash-to-Debt Related Terms

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Dar Almarkabah For Renting Cars Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dar Almarkabah For Renting Cars Co (SAU:9577) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makkah Al Mukarramah Road, Al-Rabwah District, Riyadh, SAU, 12813

Website

https://www.dsrent.com.sa/

Dar Almarkabah For Renting Cars Co is a rental car service company. The activities of the company are car rental service without driver. car rental service with driver. long term leasing service. rental vehicles for companies and government sectors and transfer service to and from airports. valet parking.

Dar Almarkabah For Renting Cars Co Headlines

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