Al Madina Takaful Co.OG (MUS:AMAT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Al Madina Takaful Co.OG 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. Al Madina Takaful Co.OG's cash to debt ratio for the quarter that ended in Dec. 2023 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, Al Madina Takaful Co.OG could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Al Madina Takaful Co.OG's Cash-to-Debt or its related term are showing as below:

MUS:AMAT' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Al Madina Takaful Co.OG's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

MUS:AMAT's Cash-to-Debt is ranked better than
99.58% of 480 companies
in the Insurance industry
Industry Median: 1.885 vs MUS:AMAT: No Debt

Al Madina Takaful Co.OG Cash-to-Debt Historical Data

The historical data trend for Al Madina Takaful Co.OG'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.

* Premium members only.

Al Madina Takaful Co.OG Cash-to-Debt Chart

Al Madina Takaful Co.OG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

Al Madina Takaful Co.OG 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Al Madina Takaful Co.OG's Cash-to-Debt

For the Insurance - Diversified subindustry, Al Madina Takaful Co.OG'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.

Al Madina Takaful Co.OG's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al Madina Takaful Co.OG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Al Madina Takaful Co.OG's Cash-to-Debt falls into.

Al Madina Takaful Co.OG 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.

Al Madina Takaful Co.OG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Al Madina Takaful Co.OG had no debt ⁽¹⁾.

Al Madina Takaful Co.OG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Al Madina Takaful Co.OG had no debt ⁽¹⁾.

Al Madina Takaful Co.OG (MUS:AMAT) 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.

Al Madina Takaful Co.OG Cash-to-Debt Related Terms

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

Al Madina Takaful Co.OG (MUS:AMAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Madina Takaful Co. SAOG (MUS:AMAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office no. 301/302, P.O. Box 80, 3rd Floor, Building 6, Muscat Grand Mall, Ghubra, Muscat, OMN, 136

Website

https://www.almadinatakaful.com

Al Madina Takaful Co. SAOG is engaged in the business of takaful activities and investments by adopting the wakala and mudarabha model respectively, on behalf of the participants in accordance with the Islamic Sharia principles. The business operates in various segments that include the General Takaful segment; which includes insurance and reinsurance of motor, fire, general accident, marine cargo, and medical, and the Family Takaful segment; which includes insurance of an individual or group life. Fire, energy, medical, engineering, liability, and general accident segment and Motor, marine, and aviation. The General Takaful segment generates maximum revenue for the company. Geographically, the operations of the company are located inside the Sultanate of Oman.