Oman Qatar Insurance CoOG (MUS:OQIC) Cash-to-Debt : 33.47 (As of Dec. 2023)

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What is Oman Qatar Insurance CoOG 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. Oman Qatar Insurance CoOG's cash to debt ratio for the quarter that ended in Dec. 2023 was 33.47.

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, Oman Qatar Insurance CoOG 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 Oman Qatar Insurance CoOG's Cash-to-Debt or its related term are showing as below:

MUS:OQIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.5 Med: 36.35 Max: No Debt
Current: 33.47

During the past 8 years, Oman Qatar Insurance CoOG's highest Cash to Debt Ratio was No Debt. The lowest was 11.50. And the median was 36.35.

MUS:OQIC's Cash-to-Debt is ranked better than
76.54% of 486 companies
in the Insurance industry
Industry Median: 1.85 vs MUS:OQIC: 33.47

Oman Qatar Insurance CoOG Cash-to-Debt Historical Data

The historical data trend for Oman Qatar Insurance CoOG'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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Oman Qatar Insurance CoOG Cash-to-Debt Chart

Oman Qatar Insurance CoOG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

11.50

22.49

39.23

23.83

33.47

Oman Qatar Insurance CoOG Quarterly Data
	Dec17	Mar18	Dec18	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															23.83	53.34	47.17	74.23	33.47

Competitive Comparison of Oman Qatar Insurance CoOG's Cash-to-Debt

For the Insurance - Diversified subindustry, Oman Qatar Insurance CoOG'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.

Oman Qatar Insurance CoOG's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Oman Qatar Insurance CoOG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Oman Qatar Insurance CoOG's Cash-to-Debt falls into.

Oman Qatar Insurance CoOG 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.

Oman Qatar Insurance CoOG'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)
	=	4.016	/	(0	+	0.12)
	=	33.47

Oman Qatar Insurance CoOG'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)
	=	4.016	/	(0	+	0.12)
	=	33.47

Oman Qatar Insurance CoOG (MUS:OQIC) 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.

Oman Qatar Insurance CoOG Cash-to-Debt Related Terms

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

Oman Qatar Insurance CoOG (MUS:OQIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Oman Qatar Insurance Co SAOG (MUS:OQIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box.3660, Ruwi, OMN, 112

Website

https://www.oqic.com

Oman Qatar Insurance Co SAOG is a life insurance company. It is engaged in the business of life and general insurance within the Sultanate of Oman. The company's segments include: Marine and aviation insurance includes marine cargo, marine hull, and machinery and aviation; Fire and general insurance includes fire, engineering, energy, motor, general accident, medical insurance, and third-party liability; and Group life and credit life insurance.

Oman Qatar Insurance CoOG (MUS:OQIC) Headlines

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