Neft Alsharq Co For Chemical Industries (SAU:9605) Cash-to-Debt : 4.86 (As of Jun. 2024)

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What is Neft Alsharq Co For Chemical Industries 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. Neft Alsharq Co For Chemical Industries's cash to debt ratio for the quarter that ended in Jun. 2024 was 4.86.

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, Neft Alsharq Co For Chemical Industries 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 Neft Alsharq Co For Chemical Industries's Cash-to-Debt or its related term are showing as below:

SAU:9605' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.86 Med: 4.86 Max: 4.86
Current: 4.86

During the past 0 years, Neft Alsharq Co For Chemical Industries's highest Cash to Debt Ratio was 4.86. The lowest was 4.86. And the median was 4.86.

SAU:9605's Cash-to-Debt is ranked better than
77.15% of 1549 companies
in the Chemicals industry
Industry Median: 0.7 vs SAU:9605: 4.86

Neft Alsharq Co For Chemical Industries Cash-to-Debt Historical Data

The historical data trend for Neft Alsharq Co For Chemical Industries'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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Neft Alsharq Co For Chemical Industries Cash-to-Debt Chart

Neft Alsharq Co For Chemical Industries Annual Data

Trend

Cash-to-Debt

Neft Alsharq Co For Chemical Industries Semi-Annual Data
	Jun23	Jun24
Cash-to-Debt	N/A	4.86

Competitive Comparison of Neft Alsharq Co For Chemical Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Neft Alsharq Co For Chemical Industries'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.

Neft Alsharq Co For Chemical Industries's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Neft Alsharq Co For Chemical Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Neft Alsharq Co For Chemical Industries's Cash-to-Debt falls into.

Neft Alsharq Co For Chemical Industries 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.

Neft Alsharq Co For Chemical Industries's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Neft Alsharq Co For Chemical Industries'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)
	=	20.159	/	(0.883	+	3.266)
	=	4.86

Neft Alsharq Co For Chemical Industries (SAU:9605) 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.

Neft Alsharq Co For Chemical Industries Cash-to-Debt Related Terms

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Neft Alsharq Co For Chemical Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Neft Alsharq Co For Chemical Industries (SAU:9605) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riyadh, Riyadh, SAU

Website

https://www.neftalsharq.com

Neft Alsharq Co For Chemical Industries is a Saudi company engaged in the manufacture and production of oils, industrial greases and motor fluids of all types and specifications.

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