Kuwait Insurance Co (KUW:KINS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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

KUW:KINS' 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 13 years, Kuwait Insurance Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

KUW:KINS's Cash-to-Debt is ranked better than
99.58% of 476 companies
in the Insurance industry
Industry Median: 1.78 vs KUW:KINS: No Debt

Kuwait Insurance Co Cash-to-Debt Historical Data

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

Kuwait Insurance Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Kuwait Insurance Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Insurance - Diversified subindustry, Kuwait 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.

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

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

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

Kuwait 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.

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

Kuwait Insurance Co had no debt ⁽¹⁾.

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

Kuwait Insurance Co had no debt ⁽¹⁾.

Kuwait Insurance Co (KUW:KINS) 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.

Kuwait Insurance Co Cash-to-Debt Related Terms

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Kuwait Insurance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kuwait Insurance Co (KUW:KINS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abdullah Al Salem Street, P.O. Box 769, Kuwait Insurance House, Safat, Kuwait City, KWT, 13008

Website

https://www.kic-kw.com

Kuwait Insurance Co underwrites life and non-life insurance risks such as fire, general accidents, marine, and aviation, and others lends funds against life insurance policies, and invests in permitted securities and real estate properties. The company provides many Insurance Services required for individuals and groups, to compensate for loss of and/or damage to the insured goods during transportation from one place to another.