ICICI Lombard General Insurance Co (BOM:540716) Cash-to-Debt : 3.81 (As of Dec. 2023)

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What is ICICI Lombard General 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. ICICI Lombard General Insurance Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.81.

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, ICICI Lombard General Insurance Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for ICICI Lombard General Insurance Co's Cash-to-Debt or its related term are showing as below:

BOM:540716' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.54 Max: 5.94
Current: 3.81

During the past 11 years, ICICI Lombard General Insurance Co's highest Cash to Debt Ratio was 5.94. The lowest was 0.06. And the median was 0.54.

BOM:540716's Cash-to-Debt is ranked better than
60.79% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs BOM:540716: 3.81

ICICI Lombard General Insurance Co Cash-to-Debt Historical Data

The historical data trend for ICICI Lombard General 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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ICICI Lombard General Insurance Co Cash-to-Debt Chart

ICICI Lombard General Insurance Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.68

0.06

0.40

0.83

1.68

ICICI Lombard General Insurance Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															5.94	1.68	3.06	2.01	3.81

Competitive Comparison of ICICI Lombard General Insurance Co's Cash-to-Debt

For the Insurance - Diversified subindustry, ICICI Lombard General 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.

ICICI Lombard General Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where ICICI Lombard General Insurance Co's Cash-to-Debt falls into.

ICICI Lombard General 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.

ICICI Lombard General Insurance Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2019.872	/	(850.845	+	350)
	=	1.68

ICICI Lombard General Insurance Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1331.7	/	(0	+	350)
	=	3.80

ICICI Lombard General Insurance Co (BOM:540716) 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.

ICICI Lombard General Insurance Co Cash-to-Debt Related Terms

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ICICI Lombard General Insurance Co (BOM:540716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICICI Lombard General Insurance Co Ltd (BOM:540716) » Definitions » Cash-to-Debt

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ICICIGI:India

Address

414, Veer Savarkar Marg, ICICI Lombard House, Near Siddhivinayak Temple, Prabhadevi, Mumbai, MH, IND, 400 025

Website

https://www.icicilombard.com

ICICI Lombard General Insurance Co Ltd is a general insurance company. Its business activities include Fire; Engineering; Marine and Liability. The company products include Motor Insurance; Car Insurance; Two Wheeler Insurance; Health Insurance; Complete Health Insurance; Health Booster; Personal Accident Insurance; International Travel Insurance; Home Insurance; Marine Insurance; NRI Insurance Services; Business Insurance; Third Party Insurance; Crop Insurance and Rural Insurance. Geographically, it operates only in India.

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