Linea Directa Aseguradora (XMAD:LDA) Cash-to-Debt

: 14.81 (As of Dec. 2023)

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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. Linea Directa Aseguradora's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.81.

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, Linea Directa Aseguradora 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 Linea Directa Aseguradora's Cash-to-Debt or its related term are showing as below:

XMAD:LDA' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.81 Med: 20.22 Max: 58.75
Current: 14.81

During the past 4 years, Linea Directa Aseguradora's highest Cash to Debt Ratio was 58.75. The lowest was 14.81. And the median was 20.22.

XMAD:LDA's Cash-to-Debt is ranked better than
70.95% of 482 companies
in the Insurance industry
Industry Median: 1.87 vs XMAD:LDA: 14.81

Linea Directa Aseguradora Cash-to-Debt Historical Data

The historical data trend for Linea Directa Aseguradora'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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Linea Directa Aseguradora Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

58.75

25.54

14.91

14.81

Linea Directa Aseguradora Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt				25.54	27.83	14.91	No Debt	14.81

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Linea Directa Aseguradora'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.

Linea Directa Aseguradora Cash-to-Debt Distribution

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

* The bar in red indicates where Linea Directa Aseguradora's Cash-to-Debt falls into.

Linea Directa Aseguradora 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.

Linea Directa Aseguradora'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)
	=	41.746	/	(0	+	2.818)
	=	14.81

Linea Directa Aseguradora'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)
	=	41.746	/	(0	+	2.818)
	=	14.81

Linea Directa Aseguradora (XMAD:LDA) 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.

Linea Directa Aseguradora Cash-to-Debt Related Terms

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

Linea Directa Aseguradora (XMAD:LDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Linea Directa Aseguradora SA (XMAD:LDA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LNDAF:USA LDAe:UK 8I2:Germany

Address

Calle de Isaac Newton 7, Tres Cantos, Madrid, ESP, 28760

Website

https://www.lineadirectaaseguradora.com

Linea Directa Aseguradora SA is engaged in insurance and reinsurance activities in the motor, home, and other non-life segments. The company has five operating segments; The motor segment includes private motor insurance and motorbike insurance, The home segment includes multi-risk home insurance products with theft damage, civil liability, fire damage, aesthetic damage, etc, The health segment includes health insurance products under the Vivaz brand, The other insurance segment includes various products with stand-alone policies that are not linked to motor, home or health insurance, such as travel insurance for holders of credit cards and wellness insurance, and The other activities segment mainly relates to auxiliary insurance businesses and commissions.

Linea Directa Aseguradora (XMAD:LDA) Headlines

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