Mutual Benefits Assurance (NSA:MBAS) Cash-to-Debt : 63.53 (As of Sep. 2023)

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What is Mutual Benefits 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. Mutual Benefits Assurance's cash to debt ratio for the quarter that ended in Sep. 2023 was 63.53.

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, Mutual Benefits Assurance could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

NSA:MBAS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.82 Med: 1.72 Max: 63.53
Current: 63.53

During the past 8 years, Mutual Benefits Assurance's highest Cash to Debt Ratio was 63.53. The lowest was 0.82. And the median was 1.72.

NSA:MBAS's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.74 vs NSA:MBAS: 63.53

Mutual Benefits Assurance Cash-to-Debt Historical Data

The historical data trend for Mutual Benefits 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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Mutual Benefits Assurance Cash-to-Debt Chart

Mutual Benefits Assurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.82

1.01

2.94

6.06

46.78

Mutual Benefits Assurance Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															40.55	41.68	46.78	58.90	63.53

Competitive Comparison of Mutual Benefits Assurance's Cash-to-Debt

For the Insurance - Diversified subindustry, Mutual Benefits 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.

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

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

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

Mutual Benefits 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.

Mutual Benefits 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)
	=	18750.562	/	(0	+	400.87)
	=	46.77

Mutual Benefits Assurance's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	25468.849	/	(0	+	400.87)
	=	63.53

Mutual Benefits Assurance (NSA:MBAS) 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.

Mutual Benefits Assurance Cash-to-Debt Related Terms

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

Mutual Benefits Assurance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mutual Benefits Assurance PLC (NSA:MBAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA

Website

https://www.mutualng.com

Mutual Benefits Assurance PLC provides a range of insurance products and services in the areas of life assurance and general insurance. Its segment includes the Assurance business; Real estate and Microfinance. The company's offerings include group Auto Insurance, Health Insurance, Pure Investment Products, Anticipated Endowment, Mutual Annuity Products, and Investment Linked Schemes, among others.

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