Saudi Reinsurance Co (SAU:8200) Cash-to-Debt : 0.31 (As of Mar. 2024)

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What is Saudi Reinsurance 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. Saudi Reinsurance Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, Saudi Reinsurance Co 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 Saudi Reinsurance Co's Cash-to-Debt or its related term are showing as below:

SAU:8200' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: No Debt Max: No Debt
Current: 0.31

During the past 13 years, Saudi Reinsurance Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.27. And the median was No Debt.

SAU:8200's Cash-to-Debt is ranked worse than
85.71% of 490 companies
in the Insurance industry
Industry Median: 1.84 vs SAU:8200: 0.31

Saudi Reinsurance Co Cash-to-Debt Historical Data

The historical data trend for Saudi Reinsurance 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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Saudi Reinsurance Co Cash-to-Debt Chart

Saudi Reinsurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.57

0.49

0.54

1.48

Saudi Reinsurance 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															0.76	0.66	0.83	1.48	0.31

Competitive Comparison of Saudi Reinsurance Co's Cash-to-Debt

For the Insurance - Reinsurance subindustry, Saudi Reinsurance 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.

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

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

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

Saudi Reinsurance 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.

Saudi Reinsurance 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)
	=	83.979	/	(0	+	56.797)
	=	1.48

Saudi Reinsurance Co'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)
	=	17.774	/	(0	+	56.797)
	=	0.31

Saudi Reinsurance Co (SAU:8200) 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.

Saudi Reinsurance Co Cash-to-Debt Related Terms

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

Saudi Reinsurance Co (SAU:8200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Saudi Reinsurance Co (SAU:8200) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4130 Northern Ring Road, Al Wadi District.13, Unit number 1, Riyadh, SAU, 13313-6684

Website

https://www.saudi-re.com

Saudi Reinsurance Co is engaged in providing insurance and reinsurance related services. It operates its business in seven reportable segments including Engineering, Fire insurance, Marine insurance, Motor insurance, Term life insurance, Speciality and General Accident. The company has a geographical presence in Kingdom of Saudi Arabia, Other Middle Eastern Countries, Africa, Asia, and Other territories.

Saudi Reinsurance Co (SAU:8200) Headlines

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