Jubilee General Insurance Co (KAR:JGICL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Jubilee General 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. Jubilee General Insurance Co's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Jubilee General Insurance Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

The historical rank and industry rank for Jubilee General Insurance Co's Cash-to-Debt or its related term are showing as below:

KAR:JGICL' s Cash-to-Debt Range Over the Past 10 Years
Min: 41.19 Med: No Debt Max: No Debt
Current: 135.75

During the past 13 years, Jubilee General Insurance Co's highest Cash to Debt Ratio was No Debt. The lowest was 41.19. And the median was No Debt.

KAR:JGICL's Cash-to-Debt is ranked better than
82.64% of 484 companies
in the Insurance industry
Industry Median: 1.86 vs KAR:JGICL: 135.75

Jubilee General Insurance Co Cash-to-Debt Historical Data

The historical data trend for Jubilee General 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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Jubilee General Insurance Co Cash-to-Debt Chart

Jubilee General Insurance 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

85.61

No Debt

Jubilee General Insurance 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															128.73	60.39	No Debt	No Debt	No Debt

Competitive Comparison of Jubilee General Insurance Co's Cash-to-Debt

For the Insurance - Diversified subindustry, Jubilee General 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.

Jubilee General Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

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

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

Jubilee General 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.

Jubilee General Insurance Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Jubilee General Insurance Co had no debt ⁽¹⁾.

Jubilee General Insurance Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Jubilee General Insurance Co had no debt ⁽¹⁾.

Jubilee General Insurance Co (KAR:JGICL) 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.

Jubilee General Insurance Co Cash-to-Debt Related Terms

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

Jubilee General Insurance Co (KAR:JGICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jubilee General Insurance Co Ltd (KAR:JGICL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

I. I. Chundrigar Road, 2nd Floor, Jubilee Insurance House, Karachi, PAK, 74000

Website

https://www.jubileegeneral.com.pk

Jubilee General Insurance Co Ltd is engaged in the insurance business sector. The Company has six business segments for reporting purposes namely fire, marine, motor, accident and health, liability and miscellaneous. It generates majority of its revenue from the Fire and Property segment followed by the Accident and Health. The Company operates in Pakistan and provides the service of assurance to its clients all over the Country through its operative branches.

Jubilee General Insurance Co (KAR:JGICL) Headlines

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Jubilee General Insurance Co (KAR:JGICL) Cash-to-Debt : No Debt (1) (As of Mar. 2024)