Hannover Rueck SE (Hannover Rueck SE) Cash-to-Debt

: 0.22 (As of Dec. 2023)

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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. Hannover Rueck SE's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

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, Hannover Rueck SE 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 Hannover Rueck SE's Cash-to-Debt or its related term are showing as below:

HVRRY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.36 Max: 0.48
Current: 0.22

During the past 13 years, Hannover Rueck SE's highest Cash to Debt Ratio was 0.48. The lowest was 0.22. And the median was 0.36.

HVRRY's Cash-to-Debt is ranked worse than
87.4% of 484 companies
in the Insurance industry
Industry Median: 1.85 vs HVRRY: 0.22

Hannover Rueck SE Cash-to-Debt Historical Data

The historical data trend for Hannover Rueck SE'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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Hannover Rueck SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.32

0.37

0.31

0.24

0.22

Hannover Rueck SE 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																0.24	No Debt	No Debt	No Debt	0.22

Competitive Comparison

For the Insurance - Reinsurance subindustry, Hannover Rueck SE'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.

Hannover Rueck SE Cash-to-Debt Distribution

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

* The bar in red indicates where Hannover Rueck SE's Cash-to-Debt falls into.

Hannover Rueck SE 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.

Hannover Rueck SE'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)
	=	1150.273	/	(0	+	5316.685)
	=	0.22

Hannover Rueck SE'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)
	=	1150.273	/	(0	+	5316.685)
	=	0.22

Hannover Rueck SE (OTCPK:HVRRY) 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.

Hannover Rueck SE Cash-to-Debt Related Terms

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Hannover Rueck SE (Hannover Rueck SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hannover Rueck SE (OTCPK:HVRRY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HNR1d:UK 0M9A:UK HNR1:Germany HNR1:Austria

Address

Karl-Wiechert-Allee 50, Hannover, NI, DEU, 30625

Website

https://www.hannover-re.com

Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftplichtverband founded Eisen- und Stahl to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftplichtverband and Aktiengesellschaft fur Transport und- Ruckversichering was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx on Jan. 1, 2019. Hannover was listed in the '90s on the Frankfurt Stock Exchange.