Sagarmatha Lumbini Insurance Co (XNEP:SALICO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Apr. 2024)

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What is Sagarmatha Lumbini Insurance Co 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. Sagarmatha Lumbini Insurance Co'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, Sagarmatha Lumbini Insurance Co 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 Sagarmatha Lumbini Insurance Co's Cash-to-Debt or its related term are showing as below:

XNEP:SALICO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.36 Med: No Debt Max: No Debt
Current: 2.69

During the past 13 years, Sagarmatha Lumbini Insurance Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.36. And the median was No Debt.

XNEP:SALICO's Cash-to-Debt is ranked better than
53.5% of 486 companies
in the Insurance industry
Industry Median: 2.155 vs XNEP:SALICO: 2.69

Sagarmatha Lumbini Insurance Co Cash-to-Debt Historical Data

The historical data trend for Sagarmatha Lumbini Insurance Co'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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Sagarmatha Lumbini Insurance Co Cash-to-Debt Chart

Sagarmatha Lumbini Insurance Co Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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No Debt

7,248.15

6,282.78

1.36

2.37

Sagarmatha Lumbini Insurance Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	2.37	No Debt	No Debt	No Debt

Competitive Comparison of Sagarmatha Lumbini Insurance Co's Cash-to-Debt

For the Insurance - Diversified subindustry, Sagarmatha Lumbini Insurance Co'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.

Sagarmatha Lumbini Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Sagarmatha Lumbini Insurance Co's Cash-to-Debt falls into.

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Sagarmatha Lumbini Insurance Co 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.

Sagarmatha Lumbini Insurance Co's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	243.548	/	(0	+	102.949)
	=	2.37

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

Sagarmatha Lumbini Insurance Co had no debt ⁽¹⁾.

Sagarmatha Lumbini Insurance Co (XNEP:SALICO) 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.

Sagarmatha Lumbini Insurance Co Cash-to-Debt Related Terms

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

Sagarmatha Lumbini Insurance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagarmatha Lumbini Insurance Co Ltd (XNEP:SALICO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Bhagwati Marg, Naxal, Surakshan Bhawan, Kathmandu, NPL

Website

https://www.salico.com.np

Sagarmatha Lumbini Insurance Co Ltd provides various non-life insurance products through its province offices, branches, sub-branches, and network of agents. The company's business segments based on the different types of insurances it offers are; Property, Motor, Marine, Engineering, Micro, Aviation, Cattle and Crop, and Miscellaneous. It operates predominantly in Nepal.

Sagarmatha Lumbini Insurance Co Headlines

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Sagarmatha Lumbini Insurance Co (XNEP:SALICO) Cash-to-Debt : No Debt (1) (As of Apr. 2024)