Adamjee Insurance Co (KAR:AICL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Adamjee Insurance 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. Adamjee Insurance Co's cash to debt ratio for the quarter that ended in Mar. 2024 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, Adamjee Insurance Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Adamjee Insurance Co's Cash-to-Debt or its related term are showing as below:

KAR:AICL' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.62 Med: No Debt Max: 68321.61
Current: 46.88

During the past 13 years, Adamjee Insurance Co's highest Cash to Debt Ratio was 68321.61. The lowest was 7.62. And the median was No Debt.

KAR:AICL's Cash-to-Debt is ranked better than
78.24% of 478 companies
in the Insurance industry
Industry Median: 1.87 vs KAR:AICL: 46.88

Adamjee Insurance Co Cash-to-Debt Historical Data

The historical data trend for Adamjee Insurance 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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Adamjee Insurance Co Cash-to-Debt Chart

Adamjee Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

29.12

20.00

9.59

59.77

52.22

Adamjee Insurance Co 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	No Debt	No Debt	52.22	No Debt

Competitive Comparison of Adamjee Insurance Co's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Adamjee Insurance 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.

Adamjee Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

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

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

Adamjee Insurance Co 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.

Adamjee Insurance Co'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)
	=	6054.016	/	(0	+	115.94)
	=	52.22

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

Adamjee Insurance Co had no debt ⁽¹⁾.

Adamjee Insurance Co (KAR:AICL) 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.

Adamjee Insurance Co Cash-to-Debt Related Terms

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

Adamjee Insurance Co (KAR:AICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Adamjee Insurance Co Ltd (KAR:AICL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Adamjee House, 80/A, Block E-1, Main Boulevard Gulberg-III, Lahore, PAK, 54000

Website

https://www.adamjeeinsurance.com

Adamjee Insurance Co Ltd is an insurance company engaged in providing insurance to various categories of businesses that are Fire and Property, Marine Aviation and Transport, Motor, Accident and Health and Miscellaneous Insurance. Some of AICL's high risk-value projects include the risk-coverage provision to Petrochemical Factories and Industrial Risk projects.

Adamjee Insurance Co (KAR:AICL) Headlines

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Adamjee Insurance Co (KAR:AICL) Cash-to-Debt : No Debt (1) (As of Mar. 2024)