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First Takaful Insurance Co KCSC (KUW:FTI) Cash-to-Debt : No Debt (1) (As of Dec. 2023)


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What is First Takaful Insurance Co KCSC 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. First Takaful Insurance Co KCSC'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, First Takaful Insurance Co KCSC 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 First Takaful Insurance Co KCSC's Cash-to-Debt or its related term are showing as below:

KUW:FTI' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

During the past 13 years, First Takaful Insurance Co KCSC's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

KUW:FTI's Cash-to-Debt is ranked better than
99.59% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs KUW:FTI: No Debt

First Takaful Insurance Co KCSC Cash-to-Debt Historical Data

The historical data trend for First Takaful Insurance Co KCSC'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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First Takaful Insurance Co KCSC Cash-to-Debt Chart

First Takaful Insurance Co KCSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

First Takaful Insurance Co KCSC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of First Takaful Insurance Co KCSC's Cash-to-Debt

For the Insurance - Diversified subindustry, First Takaful Insurance Co KCSC'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.


First Takaful Insurance Co KCSC's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where First Takaful Insurance Co KCSC's Cash-to-Debt falls into.



First Takaful Insurance Co KCSC 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.

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

First Takaful Insurance Co KCSC had no debt (1).

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

First Takaful Insurance Co KCSC had no debt (1).

* 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.


First Takaful Insurance Co KCSC  (KUW:FTI) 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.


First Takaful Insurance Co KCSC Cash-to-Debt Related Terms

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


First Takaful Insurance Co KCSC (KUW:FTI) Business Description

Traded in Other Exchanges
N/A
Address
Al Qibla - Abdullah Al-Mubarak Street, 1st Floor, Office No. 6, P.O. Box 5713, Souq Al-Safat Building, Kuwait, KWT, 13058
First Takaful Insurance Co KCSC is engaged in carrying out all types of insurance takaful activities and related activities, including insurance and reinsurance, and investing the funds available to the company in various activities. The company's product line consists of life and medical, fire and general accidents, motor, and marine, and aviation. Geographically the company provides its services only to the Kuwait market.