Wafa Assurance (CAS:WAA) Cash-to-Debt : 0.30 (As of Jun. 2023)

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What is Wafa Assurance 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. Wafa Assurance's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.30.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Wafa Assurance couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

CAS:WAA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 15.76 Max: 150.45
Current: 0.3

During the past 13 years, Wafa Assurance's highest Cash to Debt Ratio was 150.45. The lowest was 0.09. And the median was 15.76.

CAS:WAA's Cash-to-Debt is ranked worse than
86.07% of 481 companies
in the Insurance industry
Industry Median: 1.84 vs CAS:WAA: 0.30

Wafa Assurance Cash-to-Debt Historical Data

The historical data trend for Wafa Assurance'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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Wafa Assurance Cash-to-Debt Chart

Wafa Assurance Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

150.45

121.16

123.41

0.26

0.37

Wafa Assurance Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															72.39	0.26	0.33	0.37	0.30

Competitive Comparison of Wafa Assurance's Cash-to-Debt

For the Insurance - Specialty subindustry, Wafa Assurance'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.

Wafa Assurance's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Wafa Assurance's Cash-to-Debt falls into.

Wafa Assurance 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.

Wafa Assurance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	958.118	/	(0	+	2575.071)
	=	0.37

Wafa Assurance's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	668.585	/	(0	+	2204.308)
	=	0.30

Wafa Assurance (CAS:WAA) 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.

Wafa Assurance Cash-to-Debt Related Terms

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

Wafa Assurance (CAS:WAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Wafa Assurance SA (CAS:WAA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 bd Abdelmoumen, Casablanca, MAR, 20100

Website

http://www.wafaassurance.ma

Wafa Assurance SA is a Morocco-based company engaged in the provision of the insurance services. The company offers fire and explosion insurance, theft, and sabotage insurance, water damage insurance, machine breakage insurance, and information and electronic equipment insurance. In addition, it also provides insurance to multiple risks, health, professionals, general accidents, property damage and many more.

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