Bao minh Insurance (STC:BMI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Bao minh Insurance 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. Bao minh Insurance'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, Bao minh Insurance 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 Bao minh Insurance's Cash-to-Debt or its related term are showing as below:

STC:BMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 2026.36 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Bao minh Insurance's highest Cash to Debt Ratio was No Debt. The lowest was 2026.36. And the median was No Debt.

STC:BMI's Cash-to-Debt is ranked better than
99.58% of 478 companies
in the Insurance industry
Industry Median: 1.84 vs STC:BMI: No Debt

Bao minh Insurance Cash-to-Debt Historical Data

The historical data trend for Bao minh Insurance'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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Bao minh Insurance Cash-to-Debt Chart

Bao minh Insurance Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

Bao minh Insurance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Bao minh Insurance's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Bao minh Insurance'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.

Bao minh Insurance's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Bao minh Insurance's Cash-to-Debt falls into.

Bao minh Insurance 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.

Bao minh Insurance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Bao minh Insurance had no debt ⁽¹⁾.

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

Bao minh Insurance had no debt ⁽¹⁾.

Bao minh Insurance (STC:BMI) 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.

Bao minh Insurance Cash-to-Debt Related Terms

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

Bao minh Insurance (STC:BMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Bao minh Insurance Corp (STC:BMI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Ton That Dam Street, District 1, Ho Chi Minh City, VNM

Website

https://www.baominh.com.vn

Bao minh Insurance Corp operates in the insurance sector. It offers insurance products and services including non-life insurance, non-life reinsurance, and financial investments services. Its products include health and accident insurance, motor vehicle insurance, property and engineering insurance, marine insurance and agricultural insurance among others.