PT Asuransi Ramayana Tbk (ISX:ASRM) Cash-to-Debt : 3.69 (As of Dec. 2023)

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What is PT Asuransi Ramayana Tbk 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. PT Asuransi Ramayana Tbk's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.69.

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, PT Asuransi Ramayana Tbk 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 PT Asuransi Ramayana Tbk's Cash-to-Debt or its related term are showing as below:

ISX:ASRM' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.78 Med: 4.01 Max: No Debt
Current: 3.69

During the past 13 years, PT Asuransi Ramayana Tbk's highest Cash to Debt Ratio was No Debt. The lowest was 1.78. And the median was 4.01.

ISX:ASRM's Cash-to-Debt is ranked better than
59.67% of 481 companies
in the Insurance industry
Industry Median: 1.84 vs ISX:ASRM: 3.69

PT Asuransi Ramayana Tbk Cash-to-Debt Historical Data

The historical data trend for PT Asuransi Ramayana Tbk'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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PT Asuransi Ramayana Tbk Cash-to-Debt Chart

PT Asuransi Ramayana Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.78

4.23

3.80

5.19

3.69

PT Asuransi Ramayana Tbk 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															5.19	7.81	9.09	9.52	3.69

Competitive Comparison of PT Asuransi Ramayana Tbk's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, PT Asuransi Ramayana Tbk'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.

PT Asuransi Ramayana Tbk's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where PT Asuransi Ramayana Tbk's Cash-to-Debt falls into.

PT Asuransi Ramayana Tbk 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.

PT Asuransi Ramayana Tbk'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)
	=	52983.049	/	(4444.868	+	9912.122)
	=	3.69

PT Asuransi Ramayana Tbk'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)
	=	52983.049	/	(4444.868	+	9912.122)
	=	3.69

PT Asuransi Ramayana Tbk (ISX:ASRM) 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.

PT Asuransi Ramayana Tbk Cash-to-Debt Related Terms

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

PT Asuransi Ramayana Tbk (ISX:ASRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PT Asuransi Ramayana Tbk (ISX:ASRM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kebon Sirih No. 49, Jakarta, IDN, 10340

Website

https://www.asuransiramayana.co.id

PT Asuransi Ramayana Tbk is an Indonesia-based company engaged in the general insurance business. Its products include property insurance, cargo insurance, marine hull insurance, aviation insurance, contractors' all risks (CAR) insurance, electronic equipment insurance, machinery breakdown insurance, personal accident insurance, money insurance, surety bonds, and customs bonds. It also offers Islamic insurance. The firm operates through the General Insurance and Office Building Rental segments. It generates the majority of the firm's revenue comes from the General Insurance segment.

PT Asuransi Ramayana Tbk (ISX:ASRM) Headlines

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