ICICI Prudential Life Insurance Company Limited (BOM:540133) Cash-to-Debt : 0.70 (As of Mar. 2024)

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What is ICICI Prudential Life Insurance Company Limited 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. ICICI Prudential Life Insurance Company Limited's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.70.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, ICICI Prudential Life Insurance Company Limited couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for ICICI Prudential Life Insurance Company Limited's Cash-to-Debt or its related term are showing as below:

BOM:540133' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.59 Med: No Debt Max: No Debt
Current: 0.7

During the past 13 years, ICICI Prudential Life Insurance Company Limited's highest Cash to Debt Ratio was No Debt. The lowest was 0.59. And the median was No Debt.

BOM:540133's Cash-to-Debt is ranked worse than
70.99% of 486 companies
in the Insurance industry
Industry Median: 1.85 vs BOM:540133: 0.70

ICICI Prudential Life Insurance Company Limited Cash-to-Debt Historical Data

The historical data trend for ICICI Prudential Life Insurance Company Limited'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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ICICI Prudential Life Insurance Company Limited Cash-to-Debt Chart

ICICI Prudential Life Insurance Company Limited Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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No Debt

0.59

0.83

1.11

0.70

ICICI Prudential Life Insurance Company Limited 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															1.11	0.31	0.61	0.22	0.70

Competitive Comparison of ICICI Prudential Life Insurance Company Limited's Cash-to-Debt

For the Insurance - Life subindustry, ICICI Prudential Life Insurance Company Limited'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.

ICICI Prudential Life Insurance Company Limited's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ICICI Prudential Life Insurance Company Limited's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ICICI Prudential Life Insurance Company Limited's Cash-to-Debt falls into.

ICICI Prudential Life Insurance Company Limited 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.

ICICI Prudential Life Insurance Company Limited's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	8377.4	/	(0	+	12000)
	=	0.70

ICICI Prudential Life Insurance Company Limited's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	8377.4	/	(0	+	12000)
	=	0.70

ICICI Prudential Life Insurance Company Limited (BOM:540133) 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.

ICICI Prudential Life Insurance Company Limited Cash-to-Debt Related Terms

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

ICICI Prudential Life Insurance Company Limited (BOM:540133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICICI Prudential Life Insurance Company Limited (BOM:540133) » Definitions » Cash-to-Debt

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ICICIPRULI:India

Address

1089 Appasaheb Marathe Marg, ICICI Pru Life Towers, 1st and 2nd Floor, Cnergy IT Park, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited offers products across savings, investments, and protection categories that match the different life stage requirements of customers and enable them to achieve their long-term financial goals. The company has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance, and a hassle-free claim settlement experience to customers. Its segments are Par Life, Par Pension, Non Par Life, Non Par Pension, Non Par Variable, Non Par Variable Pension, Annuity Non Par, Health, Linked Life, Linked Pension, Linked Health, Linked Group Life, Linked Group Pension, and Group Pension Share holders.

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