Ceylinco Insurance (COL:CINS.X0000) Cash-to-Debt : 1.54 (As of Sep. 2023)

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What is Ceylinco Insurance 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. Ceylinco Insurance's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.54.

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, Ceylinco Insurance 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 Ceylinco Insurance's Cash-to-Debt or its related term are showing as below:

COL:CINS.X0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.55 Max: 1.54
Current: 1.54

During the past 8 years, Ceylinco Insurance's highest Cash to Debt Ratio was 1.54. The lowest was 0.23. And the median was 0.55.

COL:CINS.X0000's Cash-to-Debt is ranked worse than
53.11% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs COL:CINS.X0000: 1.54

Ceylinco Insurance Cash-to-Debt Historical Data

The historical data trend for Ceylinco Insurance'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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Ceylinco Insurance Cash-to-Debt Chart

Ceylinco Insurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.02

0.39

0.61

0.26

0.51

Ceylinco Insurance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.31	0.51	0.44	1.04	1.54

Competitive Comparison of Ceylinco Insurance's Cash-to-Debt

For the Insurance - Diversified subindustry, Ceylinco Insurance'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.

Ceylinco Insurance's Cash-to-Debt Distribution in the Insurance Industry

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

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

Ceylinco Insurance 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.

Ceylinco Insurance'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)
	=	1731.412	/	(1389.874	+	1979.331)
	=	0.51

Ceylinco Insurance'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)
	=	6176.783	/	(0	+	4010.535)
	=	1.54

Ceylinco Insurance (COL:CINS.X0000) 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.

Ceylinco Insurance Cash-to-Debt Related Terms

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

Ceylinco Insurance (COL:CINS.X0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ceylinco Insurance PLC (COL:CINS.X0000) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

CINS.N0000:Sri Lanka

Address

No. 69, Janadhipathi Mawatha, Ceylinco House, Colombo, LKA, 01

Website

https://www.ceylincoinsuranceplc.com

Ceylinco Insurance PLC is engaged in seven business segments. The Life Insurance segment, which is the key revenue driver, offers whole-life products, term products, universal life products, and mortgage protection products. The Non-Life Insurance segment includes motor, fire, engineering, marine, and miscellaneous. The Healthcare segment includes a center for Cancer screening, Radiation treatment units, and a Diabetes center. The Maldives Foreign operations include non-life insurance products in Maldives. The Education Services segment includes primary, secondary, and high education courses. The Power generation segment generates and distributes hydropower to the national grid. Other segment includes investment holding, associate business, investment management & hotel services.

Ceylinco Insurance (COL:CINS.X0000) Headlines

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