Al Fujairah National Insurance Co PSC (ADX:AFNIC) Cash-to-Debt : 4.06 (As of Dec. 2022)

View and export this data going back to 2007. Start your Free Trial

What is Al Fujairah National Insurance Co PSC 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 Fujairah National Insurance Co PSC's cash to debt ratio for the quarter that ended in Dec. 2022 was 4.06.

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 Fujairah National Insurance Co PSC could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for Al Fujairah National Insurance Co PSC's Cash-to-Debt or its related term are showing as below:

ADX:AFNIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.04 Med: 4.43 Max: No Debt
Current: 4.06

During the past 13 years, Al Fujairah National Insurance Co PSC's highest Cash to Debt Ratio was No Debt. The lowest was 2.04. And the median was 4.43.

ADX:AFNIC's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.86 vs ADX:AFNIC: 4.06

Al Fujairah National Insurance Co PSC Cash-to-Debt Historical Data

The historical data trend for Al Fujairah National Insurance Co PSC'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.

Al Fujairah National Insurance Co PSC Cash-to-Debt Chart

Al Fujairah National Insurance Co PSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

6.64

3.23

2.10

4.06

Al Fujairah National Insurance Co PSC Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial												No Debt	6.64	3.23	2.10	4.06

Competitive Comparison of Al Fujairah National Insurance Co PSC's Cash-to-Debt

For the Insurance - Diversified subindustry, Al Fujairah National Insurance Co PSC'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 Fujairah National Insurance Co PSC's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al Fujairah National Insurance Co PSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Al Fujairah National Insurance Co PSC's Cash-to-Debt falls into.

Al Fujairah National Insurance Co PSC 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 Fujairah National Insurance Co PSC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	48.139	/	(0	+	11.872)
	=	4.05

Al Fujairah National Insurance Co PSC's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	48.139	/	(0	+	11.872)
	=	4.05

Al Fujairah National Insurance Co PSC (ADX:AFNIC) 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 Fujairah National Insurance Co PSC Cash-to-Debt Related Terms

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

Al Fujairah National Insurance Co PSC (ADX:AFNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Fujairah National Insurance Co PSC (ADX:AFNIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamad Bin Abdullah Street, 8th Floor, Insurance Building, PO Box 277, Fujairah, ARE

Website

https://www.afnic.ae

Al Fujairah National Insurance Co PSC is an insurance service provider. The company is engaged in the writing of all classes of general insurance and short-term life insurance. It provides services in Abu Dhabi, Dubai, Sharjah, Dibba, and Fujairah and also through Insurance ATMs. The company writes all classes of Property and Casualty insurances, including individual insurance that covers automobile insurance, medical insurance, home insurance, life insurance, and world wide personal accident insurance; and corporate insurance that covers aviation insurance, group life insurance, group medical insurance, energy insurance, engineering and projects, liability insurance, marine insurance, property insurance and miscellaneous insurance. Its segments are underwriting and investments.

Al Fujairah National Insurance Co PSC (ADX:AFNIC) Headlines

No Headlines