The National Investor Co (ADX:TNI) Cash-to-Debt : 2.95 (As of Jun. 2024)

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What is The National Investor 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. The National Investor Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.95.

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, The National Investor Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for The National Investor Co's Cash-to-Debt or its related term are showing as below:

ADX:TNI' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.2 Med: 2.95 Max: 8.78
Current: 2.95

During the past 12 years, The National Investor Co's highest Cash to Debt Ratio was 8.78. The lowest was 1.20. And the median was 2.95.

ADX:TNI's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 6.63 vs ADX:TNI: 2.95

The National Investor Co Cash-to-Debt Historical Data

The historical data trend for The National Investor 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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The National Investor Co Cash-to-Debt Chart

The National Investor Co Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

8.78

4.09

2.36

2.15

2.43

The National Investor Co Semi-Annual Data
	Mar10	Mar11	Mar14	Mar15	Mar16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial												1.47	2.15	1.20	2.43	2.95

Competitive Comparison of The National Investor Co's Cash-to-Debt

For the Asset Management subindustry, The National Investor 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.

The National Investor Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The National Investor Co's Cash-to-Debt distribution charts can be found below:

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

The National Investor Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

The National Investor Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	32.893	/	(4.514	+	9.004)
	=	2.43

The National Investor Co's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	33.347	/	(4.707	+	6.602)
	=	2.95

The National Investor Co (ADX:TNI) 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.

The National Investor Co Cash-to-Debt Related Terms

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The National Investor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The National Investor Co (ADX:TNI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Corniche Tower, P.O. Box 47435, Mezzanine Floor, Abu Dhabi, ARE

Website

http://www.tni.ae

The National Investor Co is an integrated investment and financial services company. Its financial services include asset management, investment banking, private equity, funds, and securities investment, hospitality, third-party real estate, and provision of consultancy. Its segments include Asset Management which manages investment portfolios and funds in regional equities; Merchant Banking provides corporate finance advisory, private placements, public offerings of equity and debt securities, mergers, and acquisitions; and Principal Investments manages and controls all cash related to the group, and all proprietary investments in associates, joint ventures, investments at fair value through profit or loss and other comprehensive income and investment properties.

The National Investor Co Headlines

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