What is Abu Dhabi National Takaful 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. Abu Dhabi National Takaful Co PSC'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, Abu Dhabi National Takaful Co PSC 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 Abu Dhabi National Takaful Co PSC's Cash-to-Debt or its related term are showing as below:
ADX:TKFL'
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, Abu Dhabi National Takaful Co PSC's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.
Abu Dhabi National Takaful Co PSC Cash-to-Debt Historical Data
The historical data trend for Abu Dhabi National Takaful 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.
Abu Dhabi National Takaful Co PSC Cash-to-Debt Chart
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Abu Dhabi National Takaful Co PSC Annual Data
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No Debt |
No Debt |
No Debt |
No Debt |
No Debt |
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Abu Dhabi National Takaful Co PSC Quarterly Data
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No Debt |
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Competitive Comparison of Abu Dhabi National Takaful Co PSC's Cash-to-Debt
For the Insurance - Diversified subindustry, Abu Dhabi National Takaful 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.
Abu Dhabi National Takaful Co PSC's Cash-to-Debt Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Abu Dhabi National Takaful Co PSC's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Abu Dhabi National Takaful Co PSC's Cash-to-Debt falls into.
Abu Dhabi National Takaful 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.
Abu Dhabi National Takaful Co PSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Abu Dhabi National Takaful Co PSC had no debt (1).
Abu Dhabi National Takaful Co PSC's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
Abu Dhabi National Takaful Co PSC had no debt (1).
* 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.
Abu Dhabi National Takaful Co PSC (ADX:TKFL) Business Description
Traded in Other Exchanges
N/A
Address
Tamouh Tower, 25th Floor, P.O. Box 35335, Marina Square, Al Reem Island, Abu Dhabi, ARE
Abu Dhabi National Takaful Co PSC is engaged in providing Takaful insurance solutions for the regional market. The company is licensed by the Ministry of Economy & Commerce as the first Takaful operator in the emirates of Abu Dhabi and is among the Islamic insurance companies operating in the United Arab Emirates. The company's core business activities and investments are conducted in accordance with the Islamic Shari'a. The company has a comprehensive range of products and services, which have been developed under the guidance of the Fatwa & Shari'a Supervisory Board to meet the varying needs of clients in the field of Islamic finance.
Abu Dhabi National Takaful Co PSC (ADX:TKFL) Headlines
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