Al Khaleej Investment PJSC (ADX:KICO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2022)

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What is Al Khaleej Investment 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. Al Khaleej Investment PJSC's cash to debt ratio for the quarter that ended in Mar. 2022 was No Debt ⁽¹⁾.

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, Al Khaleej Investment PJSC could pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

(1) 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.

The historical rank and industry rank for Al Khaleej Investment PJSC's Cash-to-Debt or its related term are showing as below:

ADX:KICO's Cash-to-Debt is not ranked ^*
in the Real Estate industry.
Industry Median: 0.26
* Ranked among companies with meaningful Cash-to-Debt only.

Al Khaleej Investment PJSC Cash-to-Debt Historical Data

The historical data trend for Al Khaleej Investment 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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Al Khaleej Investment PJSC Cash-to-Debt Chart

Al Khaleej Investment PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1,280.96

5,395.07

6,487.33

3,356.24

8,337.67

Al Khaleej Investment PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	3,356.24	No Debt	8,337.67

Competitive Comparison of Al Khaleej Investment PJSC's Cash-to-Debt

For the Real Estate Services subindustry, Al Khaleej Investment 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.

Al Khaleej Investment PJSC's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Al Khaleej Investment PJSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Al Khaleej Investment PJSC's Cash-to-Debt falls into.

Al Khaleej Investment 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.

Al Khaleej Investment 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)
	=	50.026	/	(0.006	+	0)
	=	8,337.67

Al Khaleej Investment PJSC's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:

Al Khaleej Investment PJSC had no debt ⁽¹⁾.

Al Khaleej Investment PJSC (ADX:KICO) 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.

Al Khaleej Investment PJSC Cash-to-Debt Related Terms

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Al Khaleej Investment PJSC (ADX:KICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al Khaleej Investment PJSC (ADX:KICO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 5662, AI Khaleej Building, Ras Al Khaimah, ARE

Website

https://www.kico.ae

Al Khaleej Investment PJSC is a company whose principal activities are real estate and commercial enterprise investments, building maintenance, and service management over real estate. The company operates in two reportable segments Real Estate, and Investments. The majority of the revenue is generated from the real estate segment in the form of rents received.

Al Khaleej Investment PJSC (ADX:KICO) Headlines

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Al Khaleej Investment PJSC (ADX:KICO) Cash-to-Debt : No Debt (1) (As of Mar. 2022)