Al-Takaful Palestinian Insurance (XPAE:TIC) Cash-to-Debt : 1.05 (As of Dec. 2023)

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What is Al-Takaful Palestinian Insurance 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. Al-Takaful Palestinian Insurance's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.05.

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, Al-Takaful Palestinian Insurance 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 Al-Takaful Palestinian Insurance's Cash-to-Debt or its related term are showing as below:

XPAE:TIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.05 Med: 11.78 Max: 533.03
Current: 1.05

During the past 13 years, Al-Takaful Palestinian Insurance's highest Cash to Debt Ratio was 533.03. The lowest was 1.05. And the median was 11.78.

XPAE:TIC's Cash-to-Debt is ranked worse than
60.95% of 484 companies
in the Insurance industry
Industry Median: 1.86 vs XPAE:TIC: 1.05

Al-Takaful Palestinian Insurance Cash-to-Debt Historical Data

The historical data trend for Al-Takaful Palestinian Insurance'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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Al-Takaful Palestinian Insurance Cash-to-Debt Chart

Al-Takaful Palestinian Insurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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12.89

14.58

3.51

4.54

1.05

Al-Takaful Palestinian Insurance 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															4.54	37.67	40.80	42.17	1.05

Competitive Comparison of Al-Takaful Palestinian Insurance's Cash-to-Debt

For the Insurance - Diversified subindustry, Al-Takaful Palestinian Insurance'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.

Al-Takaful Palestinian Insurance's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Al-Takaful Palestinian Insurance's Cash-to-Debt falls into.

Al-Takaful Palestinian Insurance 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.

Al-Takaful Palestinian Insurance'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)
	=	0.539	/	(0.265	+	0.247)
	=	1.05

Al-Takaful Palestinian Insurance'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)
	=	0.539	/	(0.265	+	0.247)
	=	1.05

Al-Takaful Palestinian Insurance (XPAE:TIC) 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.

Al-Takaful Palestinian Insurance Cash-to-Debt Related Terms

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

Al-Takaful Palestinian Insurance (XPAE:TIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Takaful Palestinian Insurance (XPAE:TIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abraj House, 2nd floor, Box: 1444, Ein Munjed, Ramallah, PSE

Website

https://www.altakaful-ins.ps

Al-Takaful Palestinian Insurance is a Palestine-based company that is engaged in providing multiple insurance programs and services that is compliant with Shariah. The company provides Medical insurance, which provides insurance for general and physician doctors, pharmacies, laboratories, and X-rays; Motor insurance, which provides insurance for theft, collision, and fire; Family insurance, which provides insurance for natural death, accidental death, and other; and General insurance. The company sells its insurance via branches, offices, and authorized dealers.

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