OUTsurance Group (JSE:OUT) Cash-to-Debt : 20.94 (As of Jun. 2023)

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What is OUTsurance Group 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. OUTsurance Group's cash to debt ratio for the quarter that ended in Jun. 2023 was 20.94.

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, OUTsurance Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for OUTsurance Group's Cash-to-Debt or its related term are showing as below:

JSE:OUT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.59 Med: 13.82 Max: 121.58
Current: 20.94

During the past 13 years, OUTsurance Group's highest Cash to Debt Ratio was 121.58. The lowest was 0.59. And the median was 13.82.

JSE:OUT's Cash-to-Debt is ranked better than
74.29% of 490 companies
in the Insurance industry
Industry Median: 1.84 vs JSE:OUT: 20.94

OUTsurance Group Cash-to-Debt Historical Data

The historical data trend for OUTsurance Group'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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OUTsurance Group Cash-to-Debt Chart

OUTsurance Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.59

1.02

17.45

21.25

20.94

OUTsurance Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															17.45	42.86	21.25	22.83	20.94

Competitive Comparison of OUTsurance Group's Cash-to-Debt

For the Insurance - Diversified subindustry, OUTsurance Group'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.

OUTsurance Group's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where OUTsurance Group's Cash-to-Debt falls into.

OUTsurance Group 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.

OUTsurance Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1675	/	(0	+	80)
	=	20.94

OUTsurance Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1675	/	(0	+	80)
	=	20.94

OUTsurance Group (JSE:OUT) 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.

OUTsurance Group Cash-to-Debt Related Terms

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

OUTsurance Group (JSE:OUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » OUTsurance Group Ltd (JSE:OUT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1241 Embankment Road, Zwartkop Ext 7, Centurion, GT, ZAF, 0157

Website

https://www.outsurance.co.za

OUTsurance Group Ltd is a South African investment holding company with the objective of achieving superior returns for investors. The company mainly engaged in healthcare funding, wellness, and financial services industries, employee benefits, investment and savings, healthcare solutions and short-term insurance to individual clients, small and medium businesses, large companies, organizations and public enterprises through investments in Discovery Limited, MMI Holdings Limited, OUTsurance Holdings Limited and RMB-SI investments proprietary Ltd. It holds a number of brands such as Discovery Health, Discovery Life, Discovery Invest, Momentum, and Ping An Health. The company earns a majority of its revenue South Africa.