Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Al Ain Ahlia Insurance Co PSC 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 Ain Ahlia Insurance Co PSC's cash to debt ratio for the quarter that ended in Dec. 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, Al Ain Ahlia Insurance Co PSC could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Al Ain Ahlia Insurance Co PSC's Cash-to-Debt or its related term are showing as below:

ADX:ALAIN' 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 Ain Ahlia Insurance Co PSC's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ADX:ALAIN's Cash-to-Debt is ranked better than
99.59% of 487 companies
in the Insurance industry
Industry Median: 1.96 vs ADX:ALAIN: No Debt

Al Ain Ahlia Insurance Co PSC Cash-to-Debt Historical Data

The historical data trend for Al Ain Ahlia Insurance Co PSC'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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Al Ain Ahlia Insurance Co PSC Cash-to-Debt Chart

Al Ain Ahlia Insurance Co PSC Annual Data

Trend

Dec15

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Dec20

Dec21

Dec22

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Dec24

Cash-to-Debt

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No Debt

Al Ain Ahlia Insurance Co PSC Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24
Cash-to-Debt	Get a 7-Day Free Trial														No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Al Ain Ahlia Insurance Co PSC's Cash-to-Debt

For the Insurance - Diversified subindustry, Al Ain Ahlia Insurance Co PSC'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 Ain Ahlia Insurance Co PSC's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Al Ain Ahlia Insurance Co PSC's Cash-to-Debt falls into.

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Al Ain Ahlia Insurance Co PSC 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 Ain Ahlia Insurance Co PSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Al Ain Ahlia Insurance Co PSC had no debt ⁽¹⁾.

Al Ain Ahlia Insurance Co PSC's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Al Ain Ahlia Insurance Co PSC had no debt ⁽¹⁾.

Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) 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 Ain Ahlia Insurance Co PSC Cash-to-Debt Related Terms

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Al Ain Ahlia Insurance Co PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, P.O. Box 3077, Al Ain Insurance Company Building, Behind Al Jazira Sports Club, Abu Dhabi, ARE

Website

https://www.alaininsurance.com

Al Ain Ahlia Insurance Co PSC is an Abu Dhabi-based insurance company providing a range of insurance products and services including motor, engineering, health, property, marine, energy, and aviation insurance as well as reinsurance solutions. The company operates its business in two segments: Underwriting of General Insurance Business and Investments, out of which the company derives maximum revenue from the Underwriting of General Insurance business in the form of insurance contracts and commission income incorporating all classes of general insurance such as fire, marine, motor, medical, general accident and miscellaneous.

Al Ain Ahlia Insurance Co PSC Headlines

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Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) Cash-to-Debt : No Debt (1) (As of Dec. 2024)