Islamic Arab Insurance Co (DFM:SALAMA) Cash-to-Debt : 26.64 (As of Dec. 2023)

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What is Islamic Arab 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. Islamic Arab Insurance Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 26.64.

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

DFM:SALAMA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.75 Med: 12.09 Max: No Debt
Current: 26.64

During the past 13 years, Islamic Arab Insurance Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.75. And the median was 12.09.

DFM:SALAMA's Cash-to-Debt is ranked better than
74.48% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs DFM:SALAMA: 26.64

Islamic Arab Insurance Co Cash-to-Debt Historical Data

The historical data trend for Islamic Arab 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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Islamic Arab Insurance Co Cash-to-Debt Chart

Islamic Arab Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.16

9.51

3.41

12.93

26.64

Islamic Arab 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															12.93	17.56	21.75	35.04	26.64

Competitive Comparison of Islamic Arab Insurance Co's Cash-to-Debt

For the Insurance - Diversified subindustry, Islamic Arab 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.

Islamic Arab Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

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

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

Islamic Arab 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.

Islamic Arab Insurance Co's Cash to Debt Ratio for the fiscal year 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)
	=	125.08	/	(2.507	+	2.188)
	=	26.64

Islamic Arab 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)
	=	125.08	/	(2.507	+	2.188)
	=	26.64

Islamic Arab Insurance Co (DFM:SALAMA) 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.

Islamic Arab Insurance Co Cash-to-Debt Related Terms

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

Islamic Arab Insurance Co (DFM:SALAMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Islamic Arab Insurance Co (DFM:SALAMA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oud Metha, Sheikh Rashid Road, 4th Floor, Block A, P.O. Box: 10214, Spectrum Building, Dubai, ARE

Website

https://www.salama.ae

Islamic Arab Insurance Co is the Takaful (Islamic Insurance) and Re-Takaful insurance company. The Dubai-based company aims to provide Sharia-compliant Takaful solutions to customers. It offers insurance to both institutional and individual customers. It offers family takaful solutions, including whole life, term, savings, and investment plans; and auto takaful solutions, such as motor comprehensive, motor third party liability, and vehicle export insurance products. It also provides general takaful solutions, which include fire and allied perils, property all risk; travel insurance products; engineering insurance products; marine insurance products; public liability insurance products; accident insurance products. In addition, it offers group health plans; and reinsurance products.

Islamic Arab Insurance Co (DFM:SALAMA) Headlines

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