Oman United Insurance CoOG (MUS:OUIC) Cash-to-Debt : 15.21 (As of Mar. 2023)

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What is Oman United Insurance CoOG 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. Oman United Insurance CoOG's cash to debt ratio for the quarter that ended in Mar. 2023 was 15.21.

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, Oman United Insurance CoOG could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for Oman United Insurance CoOG's Cash-to-Debt or its related term are showing as below:

MUS:OUIC's Cash-to-Debt is not ranked ^*
in the Insurance industry.
Industry Median: 1.84
* Ranked among companies with meaningful Cash-to-Debt only.

Oman United Insurance CoOG Cash-to-Debt Historical Data

The historical data trend for Oman United Insurance CoOG'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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Oman United Insurance CoOG Cash-to-Debt Chart

Oman United Insurance CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Cash-to-Debt

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No Debt

2.26

0.70

2.39

Oman United Insurance CoOG Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															2.39	7.51	-	2.97	15.21

Competitive Comparison of Oman United Insurance CoOG's Cash-to-Debt

For the Insurance - Reinsurance subindustry, Oman United Insurance CoOG'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.

Oman United Insurance CoOG's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Oman United Insurance CoOG's Cash-to-Debt falls into.

Oman United Insurance CoOG 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.

Oman United Insurance CoOG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	0.773	/	(0	+	0.323)
	=	2.39

Oman United Insurance CoOG's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	5.264	/	(0	+	0.346)
	=	15.21

Oman United Insurance CoOG (MUS:OUIC) 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.

Oman United Insurance CoOG Cash-to-Debt Related Terms

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Oman United Insurance CoOG (MUS:OUIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Oman United Insurance Co SAOG (MUS:OUIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khuwair Street, P.O.Box 1522, Ruwi, Muscat, OMN, 112

Website

http://www.omanutd.com

Oman United Insurance Co SAOG is an insurance company. It is engaged in the underwriting of general and life and medical insurance business and in the repair and maintenance of motor vehicles. It operates in two segments General insurance and Life insurance. General insurance business includes insurance and re-insurance of motor, fire, general accident, marine cargo, hull, workmen compensation, engineering, and aviation. Life insurance relates to the insuring of the life of an individual, group life and group medical. It operates within the Sultanate of Oman with the highest revenue generated from General insurance segment.

Oman United Insurance CoOG (MUS:OUIC) Headlines

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