Allied Cooperative Insurance Group (SAU:8150) Cash-to-Debt : 406.99 (As of Dec. 2023)

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What is Allied Cooperative Insurance Group 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. Allied Cooperative Insurance Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 406.99.

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

SAU:8150' s Cash-to-Debt Range Over the Past 10 Years
Min: 17.75 Med: 5203.5 Max: No Debt
Current: 406.99

During the past 13 years, Allied Cooperative Insurance Group's highest Cash to Debt Ratio was No Debt. The lowest was 17.75. And the median was 5203.50.

SAU:8150's Cash-to-Debt is ranked better than
84.8% of 487 companies
in the Insurance industry
Industry Median: 1.84 vs SAU:8150: 406.99

Allied Cooperative Insurance Group Cash-to-Debt Historical Data

The historical data trend for Allied Cooperative Insurance Group'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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Allied Cooperative Insurance Group Cash-to-Debt Chart

Allied Cooperative Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

38.20

29.14

17.75

228.24

406.99

Allied Cooperative Insurance Group 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															228.24	520.51	741.31	831.92	406.99

Competitive Comparison of Allied Cooperative Insurance Group's Cash-to-Debt

For the Insurance - Diversified subindustry, Allied Cooperative Insurance Group'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.

Allied Cooperative Insurance Group's Cash-to-Debt Distribution in the Insurance Industry

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

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

Allied Cooperative Insurance Group 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.

Allied Cooperative Insurance Group'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)
	=	141.633	/	(0	+	0.348)
	=	406.99

Allied Cooperative Insurance Group'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)
	=	141.633	/	(0	+	0.348)
	=	406.99

Allied Cooperative Insurance Group (SAU:8150) 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.

Allied Cooperative Insurance Group Cash-to-Debt Related Terms

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

Allied Cooperative Insurance Group (SAU:8150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Allied Cooperative Insurance Group (SAU:8150) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Turki bin Abdulaziz Al-Awal Road, P.O. Box 40523, Unit No. 2171, Hittin District, Riyadh, SAU, 11511

Website

https://www.acig.com.sa

Allied Cooperative Insurance Group is a Saudi Arabia based insurance company. The activities of the Company are to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The operating segment of the company are Medical Insurance, Motor Insurance and General Accident Insurance segments. Medical segment provides compensation to policy holders for expenses incurred in treatment of a disease, illness or injury. Motor provides coverage against losses and liability related to motor vehicles. Other includes property, marine, aviation, accident and liability categories. It earns a vast majority of revenues from the motor insurance segment.

Allied Cooperative Insurance Group (SAU:8150) Headlines

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