Dubai Insurance Co PSC (DFM:DIN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Dubai Insurance Co PSC 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. Dubai Insurance Co PSC's cash to debt ratio for the quarter that ended in Dec. 2023 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, Dubai Insurance Co PSC could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Dubai Insurance Co PSC's Cash-to-Debt or its related term are showing as below:

DFM:DIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 7.6 Max: No Debt
Current: No Debt

During the past 13 years, Dubai Insurance Co PSC's highest Cash to Debt Ratio was No Debt. The lowest was 0.63. And the median was 7.60.

DFM:DIN's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.83 vs DFM:DIN: No Debt

Dubai Insurance Co PSC Cash-to-Debt Historical Data

The historical data trend for Dubai Insurance Co PSC'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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Dubai Insurance Co PSC Cash-to-Debt Chart

Dubai Insurance Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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29.94

79.70

8.07

No Debt

Dubai Insurance Co PSC 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Dubai Insurance Co PSC's Cash-to-Debt

For the Insurance - Diversified subindustry, Dubai Insurance Co PSC'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.

Dubai Insurance Co PSC's Cash-to-Debt Distribution in the Insurance Industry

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

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

Dubai Insurance Co PSC 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.

Dubai Insurance Co PSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Dubai Insurance Co PSC had no debt ⁽¹⁾.

Dubai Insurance Co PSC's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Dubai Insurance Co PSC had no debt ⁽¹⁾.

Dubai Insurance Co PSC (DFM:DIN) 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.

Dubai Insurance Co PSC Cash-to-Debt Related Terms

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

Dubai Insurance Co PSC (DFM:DIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dubai Insurance Co PSC (DFM:DIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Riqqa Road, Deira, P.O. Box 3027, Dubai, ARE

Website

https://www.dubins.ae

Dubai Insurance Co PSC is an insurance company. It issues short-term insurance contracts in connection with general insurance including motor, marine, fire, engineering, accident; and life insurance includes group life and individual life. It operates in three segments, Medical and life insurance segment offers short-term group life insurance and medical. The Non-life insurance segment comprises general and health insurance. Products offered under general insurance include motor, marine, fire, engineering, general accident, and medical. Non-life health contracts provide medical cover. The investment segment includes investment in equity, fixed income securities such as bonds and fixed deposits.