Orient Takaful PJSC (DFM:ORIENTTKAFUL) Cash-to-Debt : 15.86 (As of Jun. 2024)

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What is Orient Takaful PJSC 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. Orient Takaful PJSC's cash to debt ratio for the quarter that ended in Jun. 2024 was 15.86.

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, Orient Takaful PJSC 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 Orient Takaful PJSC's Cash-to-Debt or its related term are showing as below:

DFM:ORIENTTKAFUL' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.88 Med: 42.85 Max: No Debt
Current: 15.86

During the past 8 years, Orient Takaful PJSC's highest Cash to Debt Ratio was No Debt. The lowest was 3.88. And the median was 42.85.

DFM:ORIENTTKAFUL's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.745 vs DFM:ORIENTTKAFUL: 15.86

Orient Takaful PJSC Cash-to-Debt Historical Data

The historical data trend for Orient Takaful PJSC'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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Orient Takaful PJSC Cash-to-Debt Chart

Orient Takaful PJSC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.88

44.71

21.14

55.43

40.98

Orient Takaful PJSC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	40.98	29.92	15.86

Competitive Comparison of Orient Takaful PJSC's Cash-to-Debt

For the Insurance - Diversified subindustry, Orient Takaful PJSC'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.

Orient Takaful PJSC's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Orient Takaful PJSC's Cash-to-Debt falls into.

Orient Takaful PJSC 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.

Orient Takaful PJSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	47.908	/	(0.447	+	0.722)
	=	40.98

Orient Takaful PJSC's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	82.577	/	(0	+	5.207)
	=	15.86

Orient Takaful PJSC (DFM:ORIENTTKAFUL) 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.

Orient Takaful PJSC Cash-to-Debt Related Terms

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

Orient Takaful PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Orient Takaful PJSC (DFM:ORIENTTKAFUL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Futtaim Building, Deira, P.O. Box 183368, Dubai, ARE

Website

https://www.orienttakaful.com

Orient Takaful PJSC is engaged in the insurance business. The principal activity of the company is the issuance of short-term takaful contracts in connection with accidents and liabilities insurance, fire insurance, transportation risk insurance, other types of insurance and health insurance. The company also invests its funds in wakala deposits. The company operates in four segments: Motor, Property, Medical, and Miscellaneous.

Orient Takaful PJSC Headlines

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