Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) Cash-to-Debt : 0.84 (As of Sep. 2023)

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What is Alpha Dhabi Holding PJSC 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. Alpha Dhabi Holding PJSC's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.84.

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, Alpha Dhabi Holding PJSC couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Alpha Dhabi Holding PJSC's Cash-to-Debt or its related term are showing as below:

ADX:ALPHADHABI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.77 Med: 1.09 Max: 1.41
Current: 0.84

During the past 3 years, Alpha Dhabi Holding PJSC's highest Cash to Debt Ratio was 1.41. The lowest was 0.77. And the median was 1.09.

ADX:ALPHADHABI's Cash-to-Debt is ranked better than
63.41% of 522 companies
in the Conglomerates industry
Industry Median: 0.49 vs ADX:ALPHADHABI: 0.84

Alpha Dhabi Holding PJSC Cash-to-Debt Historical Data

The historical data trend for Alpha Dhabi Holding PJSC'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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Alpha Dhabi Holding PJSC Cash-to-Debt Chart

Alpha Dhabi Holding PJSC Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

1.09

1.41

1.22

Alpha Dhabi Holding PJSC Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									1.16	1.22	0.89	0.83	0.84

Competitive Comparison of Alpha Dhabi Holding PJSC's Cash-to-Debt

For the Conglomerates subindustry, Alpha Dhabi Holding PJSC'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.

Alpha Dhabi Holding PJSC's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Alpha Dhabi Holding PJSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Alpha Dhabi Holding PJSC's Cash-to-Debt falls into.

Alpha Dhabi Holding PJSC 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.

Alpha Dhabi Holding PJSC's Cash to Debt Ratio for the fiscal year 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)
	=	25332.291	/	(1484.359	+	19221.004)
	=	1.22

Alpha Dhabi Holding PJSC's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	18703.804	/	(2272.968	+	20109.821)
	=	0.84

Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) 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.

Alpha Dhabi Holding PJSC Cash-to-Debt Related Terms

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Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

108, Al Muntazah Street, Office 1003, Level 10, TwoFour54 Building 6, P.O. Box 111059, Adjacent Park Rotana Hotel, Abu Dhabi, ARE

Website

https://www.alphadhabi.com

Alpha Dhabi Holding PJSC is an investment holding company in the UAE. It invests in five major verticals namely industrials, which relates to the providing of dredging and associated land reclamation works; healthcare, which includes hospital and medical laboratory management services and laboratory diagnostic services; Construction segment provides contracting services relating to saleable and residential buildings, infrastructure development and civil construction works; Real estate, which includes rental income from properties and income from investment in real estate companies or sale of real estate; and Services, which comprise management services, hospitality income as well as a variety of smaller ancillary activities. It generates the majority of its revenue from the UAE.

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