Zurich Insurance Group AG (Zurich Insurance Group AG) Cash-to-Debt : 0.47 (As of Dec. 2023)

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What is Zurich Insurance Group AG 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. Zurich Insurance Group AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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, Zurich Insurance Group AG 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 Zurich Insurance Group AG's Cash-to-Debt or its related term are showing as below:

ZURVY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.56 Max: 0.73
Current: 0.47

During the past 13 years, Zurich Insurance Group AG's highest Cash to Debt Ratio was 0.73. The lowest was 0.12. And the median was 0.56.

ZURVY's Cash-to-Debt is ranked worse than
78.01% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs ZURVY: 0.47

Zurich Insurance Group AG Cash-to-Debt Historical Data

The historical data trend for Zurich Insurance Group AG'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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Zurich Insurance Group AG Cash-to-Debt Chart

Zurich Insurance Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.56

0.69

0.57

0.48

0.47

Zurich Insurance Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.57	0.47	0.48	0.45	0.47

Competitive Comparison of Zurich Insurance Group AG's Cash-to-Debt

For the Insurance - Diversified subindustry, Zurich Insurance Group AG'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.

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

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

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

Zurich Insurance Group AG 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.

Zurich Insurance Group AG'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)
	=	7280	/	(500	+	14955)
	=	0.47

Zurich Insurance Group AG'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)
	=	7280	/	(500	+	14955)
	=	0.47

Zurich Insurance Group AG (OTCPK:ZURVY) 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.

Zurich Insurance Group AG Cash-to-Debt Related Terms

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Zurich Insurance Group AG (Zurich Insurance Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zurich Insurance Group AG (OTCPK:ZURVY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZFSVF:USA ZURN:Mexico ZURNz:UK 0QP2:UK ZFI1:Germany ZURN:Switzerland

Address

Mythenquai 2, Corporate Center, Zurich, CHE, 8002

Website

https://www.zurich.com

Zurich is a multiline insurer that writes business across both life and non-life insurance and also owns Farmers Management Services. The company was founded in 1872, originally as a marine reinsurer, to provide reinsurance to its parent company. Zurich subsequently expanded into transport and accident insurance and then rode the wave of transport technology innovation that drove rising demand for insurance. One of Zurich's early principles was that setting prices too low would result in unfair claims handling that would be damaging to both customers and Zurich. Over the years Zurich has sought to combine goodwill in claims with a sufficient premium. Zurich is now one of the most successful insurers in Europe.