Everest Group (Everest Group) Cash-to-Debt : 0.42 (As of Dec. 2023)

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What is Everest 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. Everest Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.42.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Everest Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

EG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 0.57 Max: 1.27
Current: 0.42

During the past 13 years, Everest Group's highest Cash to Debt Ratio was 1.27. The lowest was 0.42. And the median was 0.57.

EG's Cash-to-Debt is ranked worse than
80.29% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs EG: 0.42

Everest Group Cash-to-Debt Historical Data

The historical data trend for Everest 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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Everest Group Cash-to-Debt Chart

Everest Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.27

0.42

0.46

0.45

0.42

Everest Group Quarterly Data
	Mar19	Jun19	Sep19	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															0.45	0.52	0.67	0.32	0.42

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

For the Insurance - Reinsurance subindustry, Everest 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.

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

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

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

Everest 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.

Everest Group'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)
	=	1437	/	(2349	+	1059)
	=	0.42

Everest Group'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)
	=	1437	/	(2349	+	1059)
	=	0.42

Everest Group (NYSE:EG) 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.

Everest Group Cash-to-Debt Related Terms

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

Everest Group (Everest Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Everest Group Ltd (NYSE:EG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ERE:Germany E1VE34:Brazil

Address

141 Front Street, Seon Place - 4th Floor, P.O. Box HM 845, Hamilton, BMU, HM 19

Website

https://www.everestglobal.com

Everest Group Ltd is engaged in providing insurance services in the U.S., Bermuda, and international markets. It operates in Reinsurance and Insurance business. The Reinsurance operation writes property and casualty reinsurance and specialty lines of business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies. The Insurance operation writes property and casualty insurance directly and through brokers, surplus lines brokers, and general agents within the U.S., Bermuda, Canada, Europe, and South America.

Executives

Juan C Andrade	officer: President and CEO	THE HARTFORD, ONE HARTFORD PLAZA, HARTFORD CT 06155
Meryl D Hartzband	director	C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Hazel Mcneilage	director	16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
John A Weber	director	COPLEY SQUARE CAPITAL MANAGEMENT, 108 MYRTLE STREET, NORTH QUINCY MA 02171
Sanjoy Mukherjee	officer: General Counsel	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Galtney William F Jr	director	THE GALTNEY GROUP, INC., 820 GESSNER, SUITE 1000, HOUSTON TX 77024-4259
Roger M. Singer	director	P.O. BOX 2756, DURANGO CO 81302
John P Doucette	officer: Executive VP and CUO	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Mike Karmilowicz	officer: EVP, Pres/CEO Insurance Div	100 EVEREST WAY, WARREN NJ 07059
James Allan Williamson	officer: EVP, Chief Operating Officer	100 EVEREST WAY, WARREN NJ 07059
Mark Kociancic	officer: EVP & CFO	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Geraldine Losquadro	director	200 EAST 74TH STREET APT 10, NEW YORK CITY NY 10021
Joseph V Taranto	director, officer: Chairman and CEO	EVEREST REINSURANCE CO, 100 EVEREST WAY, WARREN NJ 07059
John A Graf	director	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Jonathan Zaffino	officer: SVP & President Everest Nat'l	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938