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Mutual Benefits AssuranceNSA:MBAS +2.57%61 Cash-to-Debt is No Debt (1) as of Dec. 2025, which is 100% below its 10-year median of 4.50. GuruFocus rates NSA:MBAS with a GF Score™ of 61/100 and a GF Value™ of ₦2.30 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 501 Insurance companies, Mutual Benefits Assurance ranks better than 80.64% on this metric.
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 Dec. 2025 was No Debt (1).
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 Assurancecould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
(1) 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.
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: 4.5 Max: No Debt
Current: 63.59
During the past 11 years, Mutual Benefits Assurance's highest Cash to Debt Ratio was No Debt. The lowest was 0.82. And the median was 4.50.
NSA:MBAS's Cash-to-Debt is ranked better than 80.64% of 501
companies
in the Insurance industry
Industry Median: 1.93
vs NSA:MBAS: 63.59
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
Mutual Benefits Assurance Cash-to-Debt Historical Data
* 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.
NSA:MBAS vs BRK.A, AIG, HIG: Cash-to-Debt Comparison
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 Cash-to-Debt vs 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's Cash to Debt Ratio for the fiscal year that ended in Dec. 2025 is calculated as:
Mutual Benefits Assurance had no debt (1).
Mutual Benefits Assurance's Cash to Debt Ratio for the quarter that ended in Dec. 2025 is calculated as:
Mutual Benefits Assurance had no debt (1).
* 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.
What does a Cash-to-Debt of No Debt <sup>(1)</sup> mean?
Mutual Benefits Assurance (NSA:MBAS) has a Cash-to-Debt of No Debt (1) as of Dec. 2025. This is 78% below median its historical median of 4.50. Over the past decade, Mutual Benefits Assurance's Cash-to-Debt has ranged from 0.82 to 10,000.00. According to the industry distribution chart, Mutual Benefits Assurance ranks #97 out of 501 companies in the Insurance industry, placing it in the top 19.4%.
Is Mutual Benefits Assurance's Cash-to-Debt too high?
Mutual Benefits Assurance's current Cash-to-Debt of No Debt (1) is 78% below median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 10,000.00. Based on the distribution chart, Mutual Benefits Assurance ranks #97 out of 501 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Mutual Benefits Assurance has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's Cash-to-Debt compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutual Benefits Assurance ranks #97 out of 501 companies for Cash-to-Debt. This places Mutual Benefits Assurance in the top 19% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 1.93. Historically, Mutual Benefits Assurance's own Cash-to-Debt has ranged from 0.82 to 10,000.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Insurance company?
The median Cash-to-Debt among Insurance companies is 1.93, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Insurance industry, the median Cash-to-Debt is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mutual Benefits Assurance's current Cash-to-Debt is No Debt (1), which is 78% below median its own 10-year median of 4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Benefits Assurance stock overvalued right now?
Based on GuruFocus' analysis, Mutual Benefits Assurance (NSA:MBAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.30, compared to a current price of ₦3.19 — trading 38.7% above its estimated fair value. The current Cash-to-Debt is No Debt (1), which is 78% below median its 10-year median of 4.50. Mutual Benefits Assurance's overall GF Score™ is 61/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Mutual Benefits Assurance (NSA:MBAS), the current Cash-to-Debt is No Debt (1) as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mutual Benefits Assurance (NSA:MBAS) Overvalued in 2026?
Based on GuruFocus' analysis, Mutual Benefits Assurance stock appears to be overvalued.
The current stock price of ₦3.19 is trading 38.7% above its estimated GF Value™ of ₦2.30.
GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.
Key valuation signals for NSA:MBAS:
Cash-to-Debt: No Debt (1) (78% below median its 10-year median of 4.50)
GF Value™: ₦2.30 vs. price of ₦3.19 (38.7% above fair value)
No single metric tells the full story. See the NSA:MBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mutual Benefits Assurance PLC is a financial and wealth protection company in Nigeria. The principal objective of the Company is to render qualitative life related insurance & risks management services. It is a premium provider of life insurance, annuity and investment products and services. It has four reportable operating segments; assurance business, real estate, microfinance bank, and oil and gas exploration and production. The majority of revenue comes from Assurance business which covers the protection of customers' assets (Particularly their properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. It has presence in Nigeria, and Liberia.
61GF Score
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