Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Kuwait Reinsurance Co KSC 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. Kuwait Reinsurance Co KSC'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, Kuwait Reinsurance Co KSC 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 Kuwait Reinsurance Co KSC's Cash-to-Debt or its related term are showing as below:

KUW:KUWAITRE' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.39 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Kuwait Reinsurance Co KSC's highest Cash to Debt Ratio was No Debt. The lowest was 2.39. And the median was No Debt.

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

Kuwait Reinsurance Co KSC Cash-to-Debt Historical Data

The historical data trend for Kuwait Reinsurance Co KSC'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.

* Premium members only.

Kuwait Reinsurance Co KSC Cash-to-Debt Chart

Kuwait Reinsurance Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

Kuwait Reinsurance Co KSC 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 Kuwait Reinsurance Co KSC's Cash-to-Debt

For the Insurance - Reinsurance subindustry, Kuwait Reinsurance Co KSC'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.

Kuwait Reinsurance Co KSC's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Kuwait Reinsurance Co KSC's Cash-to-Debt falls into.

Kuwait Reinsurance Co KSC 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.

Kuwait Reinsurance Co KSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Kuwait Reinsurance Co KSC had no debt ⁽¹⁾.

Kuwait Reinsurance Co KSC's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Kuwait Reinsurance Co KSC had no debt ⁽¹⁾.

Kuwait Reinsurance Co KSC (KUW:KUWAITRE) 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.

Kuwait Reinsurance Co KSC Cash-to-Debt Related Terms

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

Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kuwait Reinsurance Co KSC (KUW:KUWAITRE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Shuhada's Street, Kuwait Return Tower- 8, 9, 13 Floors, Al Sharq District, Kuwait, KWT

Website

https://www.kuwaitre.com

Kuwait Reinsurance Co KSC operates as a reinsurance company. It provides traditional and tailored reinsurance solutions to its customers in the energy sector in Kuwait. The company provides tailored risk solutions for a variety of industries. Their operating segments include Fire, General Accident, Marine, Energy, Aviation, and life. The majority of the revenue is derived from its fire insurance business. The company's activities are spread across Kuwait, the Middle East, and North Africa.

Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Headlines

No Headlines

Kuwait Reinsurance Co KSC (KUW:KUWAITRE) Cash-to-Debt : No Debt (1) (As of Dec. 2023)