Sukoon Insurance PSJC (DFM:SUKOON) Cash-to-Debt : 1.61 (As of Mar. 2024)

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What is Sukoon Insurance PSJC 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. Sukoon Insurance PSJC's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.61.

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, Sukoon Insurance PSJC could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Sukoon Insurance PSJC's Cash-to-Debt or its related term are showing as below:

DFM:SUKOON' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.96 Med: 10.67 Max: No Debt
Current: 1.61

During the past 13 years, Sukoon Insurance PSJC's highest Cash to Debt Ratio was No Debt. The lowest was 0.96. And the median was 10.67.

DFM:SUKOON's Cash-to-Debt is ranked worse than
52.54% of 493 companies
in the Insurance industry
Industry Median: 1.81 vs DFM:SUKOON: 1.61

Sukoon Insurance PSJC Cash-to-Debt Historical Data

The historical data trend for Sukoon Insurance PSJC'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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Sukoon Insurance PSJC Cash-to-Debt Chart

Sukoon Insurance PSJC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

9.95

1.40

Sukoon Insurance PSJC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	5.51	5.85	1.40	1.61

Competitive Comparison of Sukoon Insurance PSJC's Cash-to-Debt

For the Insurance - Diversified subindustry, Sukoon Insurance PSJC'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.

Sukoon Insurance PSJC's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sukoon Insurance PSJC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sukoon Insurance PSJC's Cash-to-Debt falls into.

Sukoon Insurance PSJC Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Sukoon Insurance PSJC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	155.234	/	(86	+	24.788)
	=	1.40

Sukoon Insurance PSJC's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	138.357	/	(86	+	0)
	=	1.61

Sukoon Insurance PSJC (DFM:SUKOON) 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.

Sukoon Insurance PSJC Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Sukoon Insurance PSJC's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Sukoon Insurance PSJC (DFM:SUKOON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sukoon Insurance PSJC (DFM:SUKOON) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Omar Bin Al Khattab Street, Next to Al Ghurair Mall P.O. Box 5209, Deira, Dubai, ARE

Website

https://www.omaninsurance.ae

Oman Insurance Co PSC provides insurance services. The group is organized into three business segments, General Insurance, Life Insurance, and Investments. The General Insurance segment comprises property, engineering, energy, motor, general accident, aviation, and marine risks. Its Life Insurance segment includes individual life, medical, group life and, personal accident as well as investment-linked products. The investment comprises investments (financial and non-financial), deposits with banks and, cash management.

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