Gulf Insurance Group KSC (KUW:GINS) Cash-to-Debt : 2.24 (As of Dec. 2023)

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What is Gulf Insurance Group KSC 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. Gulf Insurance Group KSC's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.24.

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, Gulf Insurance Group KSC could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

KUW:GINS' s Cash-to-Debt Range Over the Past 10 Years
Min: 1 Med: 2.24 Max: 54.62
Current: 2.24

During the past 13 years, Gulf Insurance Group KSC's highest Cash to Debt Ratio was 54.62. The lowest was 1.00. And the median was 2.24.

KUW:GINS's Cash-to-Debt is ranked better than
52.88% of 486 companies
in the Insurance industry
Industry Median: 1.85 vs KUW:GINS: 2.24

Gulf Insurance Group KSC Cash-to-Debt Historical Data

The historical data trend for Gulf Insurance Group KSC'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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Gulf Insurance Group KSC Cash-to-Debt Chart

Gulf Insurance Group KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.23

54.62

3.04

3.63

2.24

Gulf Insurance Group KSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.63	3.74	4.17	3.52	2.24

Competitive Comparison of Gulf Insurance Group KSC's Cash-to-Debt

For the Insurance - Diversified subindustry, Gulf Insurance Group KSC'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.

Gulf Insurance Group KSC's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Gulf Insurance Group KSC's Cash-to-Debt falls into.

Gulf Insurance Group KSC 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.

Gulf Insurance Group KSC'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)
	=	137.371	/	(3.082	+	58.15)
	=	2.24

Gulf Insurance Group KSC's Cash to Debt Ratio for the quarter 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)
	=	137.371	/	(3.082	+	58.15)
	=	2.24

Gulf Insurance Group KSC (KUW:GINS) 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.

Gulf Insurance Group KSC Cash-to-Debt Related Terms

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

Gulf Insurance Group KSC (KUW:GINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gulf Insurance Group KSC (KUW:GINS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khaled Ibn Al Waleed Street, Sharq, P.O.Box 1040, Safat, KIPCO Tower, 40th Floor, Office Number 1 and 2, Kuwait City, KWT, 13011

Website

https://www.gig.com.kw

Gulf Insurance Group KSC is an insurance company offering solutions and covering a range of risks related to Motor, Marine & Aviation, Property & Casualty, and Life & Health Insurance both in conventional and Takaful (Islamic insurance based on Shariah principles) basis. Gulf Insurance operates its business in two segments namely General risk insurance and Life and medical insurance offering general insurance including marine and aviation, motor vehicles, property, engineering and general accidents; and savings, protection products, and other long-term contracts respectively. The company generates revenues from the premium amount written.

Gulf Insurance Group KSC (KUW:GINS) Headlines

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