Union Insurance Co (ADX:UNION) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Union Insurance Co 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. Union Insurance Co's cash to debt ratio for the quarter that ended in Mar. 2024 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, Union Insurance Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Union Insurance Co's Cash-to-Debt or its related term are showing as below:

ADX:UNION' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 31.93 Max: No Debt
Current: 53.69

During the past 13 years, Union Insurance Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.39. And the median was 31.93.

ADX:UNION's Cash-to-Debt is ranked better than
78.41% of 491 companies
in the Insurance industry
Industry Median: 1.81 vs ADX:UNION: 53.69

Union Insurance Co Cash-to-Debt Historical Data

The historical data trend for Union Insurance Co'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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Union Insurance Co Cash-to-Debt Chart

Union Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.93

1.59

2,871.28

30.00

10.03

Union Insurance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	10.03	No Debt

Competitive Comparison of Union Insurance Co's Cash-to-Debt

For the Insurance - Diversified subindustry, Union Insurance Co'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.

Union Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

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

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

Union Insurance Co 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.

Union Insurance Co'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)
	=	38.285	/	(3.089	+	0.728)
	=	10.03

Union Insurance Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Union Insurance Co had no debt ⁽¹⁾.

Union Insurance Co (ADX:UNION) 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.

Union Insurance Co Cash-to-Debt Related Terms

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

Union Insurance Co (ADX:UNION) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Union Insurance Co (ADX:UNION) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O Box 119227, Single Business Tower, Dubai, ARE

Website

https://www.unioninsurance.ae

Union Insurance Co is a UAE-based insurance company. It is engaged in the underwriting of all types of insurance. It operates in two segments, including the General Insurance and Life assurance segment. The general insurance segment includes auto, marine, engineering, corporate travel, employee benefit, healthcare, fire, and general accident insurance. The life segment includes group life, credit life, and individual life. The company generates the majority of its revenue from the General insurance segment. The geographical segments include the United Arab Emirates, GCC Countries, and Others.

Union Insurance Co (ADX:UNION) Headlines

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Union Insurance Co (ADX:UNION) Cash-to-Debt : No Debt (1) (As of Mar. 2024)