Atlas Elevators General Trading and Contracting Co (SAU:9578) Cash-to-Debt : 1.43 (As of Dec. 2022)

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What is Atlas Elevators General Trading and Contracting 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. Atlas Elevators General Trading and Contracting Co's cash to debt ratio for the quarter that ended in Dec. 2022 was 1.43.

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, Atlas Elevators General Trading and Contracting Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for Atlas Elevators General Trading and Contracting Co's Cash-to-Debt or its related term are showing as below:

SAU:9578' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.43 Med: 3.76 Max: 6.09
Current: 6.09

During the past 2 years, Atlas Elevators General Trading and Contracting Co's highest Cash to Debt Ratio was 6.09. The lowest was 1.43. And the median was 3.76.

SAU:9578's Cash-to-Debt is ranked better than
83.22% of 143 companies
in the Industrial Distribution industry
Industry Median: 0.57 vs SAU:9578: 6.09

Atlas Elevators General Trading and Contracting Co Cash-to-Debt Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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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Atlas Elevators General Trading and Contracting Co Cash-to-Debt Chart

Atlas Elevators General Trading and Contracting Co Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

1.43

6.09

Atlas Elevators General Trading and Contracting Co Quarterly Data
	Dec22	Dec23
Cash-to-Debt	1.43	6.09

Competitive Comparison of Atlas Elevators General Trading and Contracting Co's Cash-to-Debt

For the Industrial Distribution subindustry, Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co's Cash-to-Debt Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Atlas Elevators General Trading and Contracting Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Atlas Elevators General Trading and Contracting Co's Cash-to-Debt falls into.

Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting 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)
	=	29.624	/	(2.103	+	2.759)
	=	6.09

Atlas Elevators General Trading and Contracting Co's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	12.854	/	(5.422	+	3.565)
	=	1.43

Atlas Elevators General Trading and Contracting Co (SAU:9578) 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.

Atlas Elevators General Trading and Contracting Co Cash-to-Debt Related Terms

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Atlas Elevators General Trading and Contracting Co (SAU:9578) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU

Website

https://www.atlaslifts-sa.net

Atlas Elevators General Trading and Contracting Co Formerly Atlas Elevators Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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