Life Insurance Nepal (XNEP:LICN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Apr. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Life Insurance Nepal 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. Life Insurance Nepal's cash to debt ratio for the quarter that ended in Apr. 2024 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, Life Insurance Nepal could pay off its debt using the cash in hand for the quarter that ended in Apr. 2024.

(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 Life Insurance Nepal's Cash-to-Debt or its related term are showing as below:

XNEP:LICN' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.22 Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Life Insurance Nepal's highest Cash to Debt Ratio was No Debt. The lowest was 1.22. And the median was No Debt.

XNEP:LICN's Cash-to-Debt is ranked better than
99.6% of 496 companies
in the Insurance industry
Industry Median: 1.915 vs XNEP:LICN: No Debt

Life Insurance Nepal Cash-to-Debt Historical Data

The historical data trend for Life Insurance Nepal'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.

* Premium members only.

Life Insurance Nepal Cash-to-Debt Chart

Life Insurance Nepal Annual Data

Trend

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.22

No Debt

Life Insurance Nepal Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Oct21	Jan22	Apr22	Oct22	Jan23	Apr23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Life Insurance Nepal's Cash-to-Debt

For the Insurance - Life subindustry, Life Insurance Nepal'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.

Life Insurance Nepal's Cash-to-Debt Distribution in the Insurance Industry

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

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

Life Insurance Nepal 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.

Life Insurance Nepal's Cash to Debt Ratio for the fiscal year that ended in Jul. 2020 is calculated as:

Life Insurance Nepal had no debt ⁽¹⁾.

Life Insurance Nepal's Cash to Debt Ratio for the quarter that ended in Apr. 2024 is calculated as:

Life Insurance Nepal had no debt ⁽¹⁾.

Life Insurance Nepal (XNEP:LICN) 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.

Life Insurance Nepal Cash-to-Debt Related Terms

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

Life Insurance Nepal (XNEP:LICN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Life Insurance Corp Nepal Ltd (XNEP:LICN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Star Mall, PO Box No 21905, 4th Floor, Putalisadak, Kathmandu, NPL

Website

https://www.licnepal.com.np

Life Insurance Corp Nepal Ltd is operative in the field of financial services. A joint venture between Life Insurance Corporation of India and Vishal Group of Nepal, it is one of the largest capitalized insurance companies in Nepal. It offers a range of life insurance products such as endowment plans, child plans, money back plans, and services like a revival of a lapsed policy, policy loans, nominations, and bonuses to policyholders. The company's major source of revenue is through insurance premiums, which are received either by direct remittance of cheque or bank draft.