Barka Desalination Co (MUS:BRDE) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Barka Desalination 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. Barka Desalination Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, Barka Desalination 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 Barka Desalination Co's Cash-to-Debt or its related term are showing as below:

MUS:BRDE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.03
Current: 0.03

During the past 3 years, Barka Desalination Co's highest Cash to Debt Ratio was 0.03. The lowest was 0.03. And the median was 0.03.

MUS:BRDE's Cash-to-Debt is ranked worse than
87.02% of 493 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs MUS:BRDE: 0.03

Barka Desalination Co Cash-to-Debt Historical Data

The historical data trend for Barka Desalination 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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Barka Desalination Co Cash-to-Debt Chart

Barka Desalination Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.03

Barka Desalination Co Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	0.03	0.03	0.03

Competitive Comparison of Barka Desalination Co's Cash-to-Debt

For the Utilities - Regulated Water subindustry, Barka Desalination 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.

Barka Desalination Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Barka Desalination Co's Cash-to-Debt distribution charts can be found below:

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

Barka Desalination 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.

Barka Desalination 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)
	=	2.434	/	(4.516	+	74.025)
	=	0.03

Barka Desalination 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)
	=	2.434	/	(4.516	+	74.025)
	=	0.03

Barka Desalination Co (MUS:BRDE) 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.

Barka Desalination Co Cash-to-Debt Related Terms

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Barka Desalination Co (MUS:BRDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Barka Desalination Co (MUS:BRDE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Wilaj Street, Way No 1013 Al Qurm, PO Box 252, Building No 1022, Office No 16, 1st Floor, Bousher, Muscat, OMN, 103

Website

https://www.barkadesalination.com

Barka Desalination Co is engaged in operation of seawater desalination plant in Oman. The objectives of the Company are to acquire, develop, finance, design, construct, operate, maintain a desalination facility at Barka Independent Water Project, a sea water reverse osmosis (SWRO) plant located in Barka, South Batinah Governorate, Sultanate of Oman.

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