Walaa Cooperative Insurance Co (SAU:8060) Cash-to-Debt : 186.06 (As of Dec. 2023)

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What is Walaa Cooperative 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. Walaa Cooperative Insurance Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 186.06.

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, Walaa Cooperative Insurance Co 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 Walaa Cooperative Insurance Co's Cash-to-Debt or its related term are showing as below:

SAU:8060' s Cash-to-Debt Range Over the Past 10 Years
Min: 38.17 Med: 5116.85 Max: No Debt
Current: 186.06

During the past 13 years, Walaa Cooperative Insurance Co's highest Cash to Debt Ratio was No Debt. The lowest was 38.17. And the median was 5116.85.

SAU:8060's Cash-to-Debt is ranked better than
83.57% of 487 companies
in the Insurance industry
Industry Median: 1.84 vs SAU:8060: 186.06

Walaa Cooperative Insurance Co Cash-to-Debt Historical Data

The historical data trend for Walaa Cooperative 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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Walaa Cooperative Insurance Co Cash-to-Debt Chart

Walaa Cooperative Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

95.57

233.70

38.17

90.65

186.06

Walaa Cooperative Insurance Co 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															90.65	123.62	148.51	213.07	186.06

Competitive Comparison of Walaa Cooperative Insurance Co's Cash-to-Debt

For the Insurance - Diversified subindustry, Walaa Cooperative 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.

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

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

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

Walaa Cooperative 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.

Walaa Cooperative 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)
	=	512.411	/	(0	+	2.754)
	=	186.06

Walaa Cooperative Insurance Co'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)
	=	512.411	/	(0	+	2.754)
	=	186.06

Walaa Cooperative Insurance Co (SAU:8060) 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.

Walaa Cooperative Insurance Co Cash-to-Debt Related Terms

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

Walaa Cooperative Insurance Co (SAU:8060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Walaa Cooperative Insurance Co (SAU:8060) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4513, Adh Dhahran Al Khubar Al Janubiyah, Unit No: 8, Al-Khobar, SAU, 34621-8615

Website

https://www.walaa.com

Walaa Cooperative Insurance Co is a general insurance company. It is engaged in providing insurance coverage in the areas of medical, motor, marine, fire, engineering, aviation and casualty. Geographically, it operates in the Kingdom of Saudi Arabia. The company carries its business through the product segments of Medical, Motor, Property, Engineering, Protection and savings and Others. Majority of revenue is generated from Medical insurance segment. Medical insurance provides coverage for health insurance.

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