Nepal Insurance Co (XNEP:NICL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

View and export this data going back to . Start your Free Trial

What is Nepal 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. Nepal Insurance Co's cash to debt ratio for the quarter that ended in Jan. 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, Nepal Insurance Co could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 Nepal Insurance Co's Cash-to-Debt or its related term are showing as below:

XNEP:NICL' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Nepal Insurance Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XNEP:NICL's Cash-to-Debt is ranked better than
99.59% of 491 companies
in the Insurance industry
Industry Median: 1.81 vs XNEP:NICL: No Debt

Nepal Insurance Co Cash-to-Debt Historical Data

The historical data trend for Nepal 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.

* Premium members only.

Nepal Insurance Co Cash-to-Debt Chart

Nepal Insurance Co Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

Nepal Insurance Co Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	N/A	No Debt	No Debt	No Debt

Competitive Comparison of Nepal Insurance Co's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Nepal 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.

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

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

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

Nepal 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.

Nepal Insurance Co's Cash to Debt Ratio for the fiscal year that ended in Jul. 2022 is calculated as:

Nepal Insurance Co had no debt ⁽¹⁾.

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

Nepal Insurance Co had no debt ⁽¹⁾.

Nepal Insurance Co (XNEP:NICL) 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.

Nepal Insurance Co Cash-to-Debt Related Terms

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

Nepal Insurance Co (XNEP:NICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nepal Insurance Co Ltd (XNEP:NICL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ganeshthan, P.O. Box: 3623, 1st Floor, Ameer Bhawan, Kamaladi, Kathmandu, NPL

Website

https://www.nepalinsurance.com.np

Nepal Insurance Co Ltd is a non-life insurance company in Nepal. The company offers motor insurance, covid insurance, property insurance, home insurance, marine insurance, engineering insurance, aviation insurance, agricultural and livestock insurance, and other miscellaneous insurance.

Nepal Insurance Co (XNEP:NICL) Headlines

No Headlines

Nepal Insurance Co (XNEP:NICL) Cash-to-Debt : No Debt (1) (As of Jan. 2024)