Watania International Holding PJSC (DFM:WATANIA) Cash-to-Debt : 4.98 (As of Dec. 2023)

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What is Watania International Holding PJSC 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. Watania International Holding PJSC's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.98.

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, Watania International Holding PJSC 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 Watania International Holding PJSC's Cash-to-Debt or its related term are showing as below:

DFM:WATANIA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: 5024.1 Max: No Debt
Current: 4.98

During the past 13 years, Watania International Holding PJSC's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was 5024.10.

DFM:WATANIA's Cash-to-Debt is ranked better than
63.64% of 484 companies
in the Insurance industry
Industry Median: 1.86 vs DFM:WATANIA: 4.98

Watania International Holding PJSC Cash-to-Debt Historical Data

The historical data trend for Watania International Holding PJSC'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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Watania International Holding PJSC Cash-to-Debt Chart

Watania International Holding PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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48.20

0.58

2.71

3.62

4.98

Watania International Holding PJSC 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															3.62	3.92	4.28	4.87	4.98

Competitive Comparison of Watania International Holding PJSC's Cash-to-Debt

For the Insurance - Diversified subindustry, Watania International Holding PJSC'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.

Watania International Holding PJSC's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Watania International Holding PJSC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Watania International Holding PJSC's Cash-to-Debt falls into.

Watania International Holding PJSC 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.

Watania International Holding PJSC'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)
	=	409.949	/	(0	+	82.307)
	=	4.98

Watania International Holding PJSC'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)
	=	409.949	/	(0	+	82.307)
	=	4.98

Watania International Holding PJSC (DFM:WATANIA) 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.

Watania International Holding PJSC Cash-to-Debt Related Terms

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

Watania International Holding PJSC (DFM:WATANIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Watania International Holding PJSC (DFM:WATANIA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

15th Floor, O-14 Tower, Marasi Drive, Business Bay, P.O. Box 235353, Dubai, ARE

Website

https://www.dat.ae

Watania International Holding PJSC Formerly Dar Al Takaful PJSC is an Islamic Insurance company providing insurance services. The group mainly issues long-term and short-term takaful contracts in connection with life and non-life takaful such as motor, marine, fire, engineering, medical, and general accident risks. The company offers a broad range of takaful general and customized Islamic insurance products and services to individuals, families, and companies in the UAE. Its main business segments include general, family life, and medical insurance. The group also invests its funds in investment securities.

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