CIC Insurance Group (NAI:CIC) Cash-to-Debt : 1.31 (As of Dec. 2022)

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What is CIC Insurance Group 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. CIC Insurance Group's cash to debt ratio for the quarter that ended in Dec. 2022 was 1.31.

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, CIC Insurance Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

NAI:CIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 1.16 Max: No Debt
Current: 1.31

During the past 12 years, CIC Insurance Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.48. And the median was 1.16.

NAI:CIC's Cash-to-Debt is ranked worse than
57.58% of 488 companies
in the Insurance industry
Industry Median: 1.85 vs NAI:CIC: 1.31

CIC Insurance Group Cash-to-Debt Historical Data

The historical data trend for CIC Insurance Group'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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CIC Insurance Group Cash-to-Debt Chart

CIC Insurance Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.11

1.21

1.35

1.49

1.31

CIC Insurance Group Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial							1.11	1.21	1.35	1.49	1.31

Competitive Comparison of CIC Insurance Group's Cash-to-Debt

For the Insurance - Diversified subindustry, CIC Insurance Group'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.

CIC Insurance Group's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where CIC Insurance Group's Cash-to-Debt falls into.

CIC Insurance Group 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.

CIC Insurance Group'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)
	=	6324.674	/	(0	+	4834.783)
	=	1.31

CIC Insurance Group's Cash to Debt Ratio for the quarter 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)
	=	6324.674	/	(0	+	4834.783)
	=	1.31

CIC Insurance Group (NAI:CIC) 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.

CIC Insurance Group Cash-to-Debt Related Terms

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

CIC Insurance Group (NAI:CIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CIC Insurance Group Ltd (NAI:CIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mara Road, Upper Hill, P.O. Box 59485, CIC Plaza, Nairobi, KEN, 00200

Website

https://cic.co.ke

CIC Insurance Group Ltd is an insurance company. The Group's reportable segments are long-term business, general insurance business, asset management and other. Its product portfolio consists of General insurance, Life assurance, Health insurance, and Asset management services. It takes the risk for retail, Cooperative societies, and corporate entities.

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