Naseej for Technology Co (SAU:9538) Cash-to-Debt : 0.96 (As of Dec. 2023)

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What is Naseej for Technology 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. Naseej for Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.96.

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, Naseej for Technology 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 Naseej for Technology Co's Cash-to-Debt or its related term are showing as below:

SAU:9538' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.96 Med: 2.61 Max: 28.44
Current: 0.96

During the past 3 years, Naseej for Technology Co's highest Cash to Debt Ratio was 28.44. The lowest was 0.96. And the median was 2.61.

SAU:9538's Cash-to-Debt is ranked worse than
65.17% of 2725 companies
in the Software industry
Industry Median: 2.49 vs SAU:9538: 0.96

Naseej for Technology Co Cash-to-Debt Historical Data

The historical data trend for Naseej for Technology 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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Naseej for Technology Co Cash-to-Debt Chart

Naseej for Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

28.44

2.61

0.96

Naseej for Technology Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			28.44	1.92	2.61	1.57	0.96

Competitive Comparison of Naseej for Technology Co's Cash-to-Debt

For the Information Technology Services subindustry, Naseej for Technology 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.

Naseej for Technology Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Naseej for Technology Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Naseej for Technology Co's Cash-to-Debt falls into.

Naseej for Technology 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.

Naseej for Technology 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)
	=	20.971	/	(19.505	+	2.254)
	=	0.96

Naseej for Technology 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)
	=	20.971	/	(19.505	+	2.254)
	=	0.96

Naseej for Technology Co (SAU:9538) 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.

Naseej for Technology Co Cash-to-Debt Related Terms

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Naseej for Technology Co (SAU:9538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Naseej for Technology Co (SAU:9538) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ahsa Road,, P.O Box : 20129, Building Number 7593, Ground floor, Riyadh, SAU, 11455

Website

https://www.naseej.com

Naseej for Technology Co offers comprehensive digital transformation solutions for academic and educational institutions, knowledge and cultural centers, government organizations, and large corporations. The company's reportable segments are KAM solutions, Education solutions and E-solutions.

Naseej for Technology Co (SAU:9538) Headlines

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