Dubai Taxi Co (DFM:DTC) Cash-to-Debt : 0.41 (As of Dec. 2023)

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What is Dubai Taxi 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. Dubai Taxi Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.41.

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, Dubai Taxi Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Dubai Taxi Co's Cash-to-Debt or its related term are showing as below:

DFM:DTC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 21.81 Max: No Debt
Current: 0.41

During the past 5 years, Dubai Taxi Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.41. And the median was 21.81.

DFM:DTC's Cash-to-Debt is ranked worse than
64.6% of 1062 companies
in the Business Services industry
Industry Median: 1.005 vs DFM:DTC: 0.41

Dubai Taxi Co Cash-to-Debt Historical Data

The historical data trend for Dubai Taxi 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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Dubai Taxi Co Cash-to-Debt Chart

Dubai Taxi Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

21.81

15.29

32.83

No Debt

0.41

Dubai Taxi Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				N/A	No Debt	N/A	0.40	0.41

Competitive Comparison of Dubai Taxi Co's Cash-to-Debt

For the Rental & Leasing Services subindustry, Dubai Taxi 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.

Dubai Taxi Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Dubai Taxi Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dubai Taxi Co's Cash-to-Debt falls into.

Dubai Taxi 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.

Dubai Taxi 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)
	=	404.233	/	(0	+	997.013)
	=	0.41

Dubai Taxi Co's Cash to Debt Ratio for the quarter 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)
	=	404.233	/	(0	+	997.013)
	=	0.41

Dubai Taxi Co (DFM:DTC) 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.

Dubai Taxi Co Cash-to-Debt Related Terms

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Dubai Taxi Co (DFM:DTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dubai Taxi Co (DFM:DTC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amman Street, First floor, main building, Al Muhaisnah area, Dubai, ARE

Website

https://www.dubaitaxi.ae

Dubai Taxi Co is a mobility solutions and taxi operator company in Dubai. It offers a wide range of transportation solutions across its four main business lines, which include taxi services through its large, environmentally friendly fleet, VIP limousine services consisting of chauffeur-driven vehicles to provide luxury service, bus services, and last-mile delivery services via delivery bikes. The company operates more than 7,000 vehicles.