Life Insurance of India (BOM:543526) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Life Insurance of India 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. Life Insurance of India's cash to debt ratio for the quarter that ended in Sep. 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, Life Insurance of India could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Life Insurance of India's Cash-to-Debt or its related term are showing as below:

BOM:543526' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.79 Med: No Debt Max: 25739.13
Current: No Debt

During the past 6 years, Life Insurance of India's highest Cash to Debt Ratio was 25739.13. The lowest was 0.79. And the median was No Debt.

BOM:543526's Cash-to-Debt is ranked better than
99.59% of 483 companies
in the Insurance industry
Industry Median: 1.74 vs BOM:543526: No Debt

Life Insurance of India Cash-to-Debt Historical Data

The historical data trend for Life Insurance of India'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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Life Insurance of India Cash-to-Debt Chart

Life Insurance of India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.90

7,974.62

25,739.13

No Debt

Life Insurance of India Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	N/A	No Debt	N/A	No Debt

Competitive Comparison of Life Insurance of India's Cash-to-Debt

For the Insurance - Life subindustry, Life Insurance of India'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.

Life Insurance of India's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Life Insurance of India's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Life Insurance of India's Cash-to-Debt falls into.

Life Insurance of India 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.

Life Insurance of India's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Life Insurance of India had no debt ⁽¹⁾.

Life Insurance of India's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Life Insurance of India had no debt ⁽¹⁾.

Life Insurance of India (BOM:543526) 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.

Life Insurance of India Cash-to-Debt Related Terms

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

Life Insurance of India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Life Insurance Corporation of India (BOM:543526) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

LICI:India

Address

Jeevan Bima Marg, Central Office, Yogakshema, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.licindia.in

Life Insurance Corporation of India is engaged in providing life insurance in India. The company offers diversified product portfolio covering various segments across individual products and approximately 178 group products.

Life Insurance of India Headlines

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Life Insurance of India (BOM:543526) Cash-to-Debt : No Debt (1) (As of Sep. 2024)