Vienna Insurance Group AG (WBO:VIG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Vienna 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. Vienna Insurance Group AG's cash to debt ratio for the quarter that ended in Jun. 2023 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, Vienna Insurance Group AG could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

WBO:VIG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 0.74 Max: No Debt
Current: 0.78

During the past 13 years, Vienna Insurance Group AG's highest Cash to Debt Ratio was No Debt. The lowest was 0.40. And the median was 0.74.

WBO:VIG's Cash-to-Debt is ranked worse than
67.78% of 481 companies
in the Insurance industry
Industry Median: 1.84 vs WBO:VIG: 0.78

Vienna Insurance Group AG Cash-to-Debt Historical Data

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

Vienna Insurance Group AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.50

0.77

0.88

1.23

0.91

Vienna Insurance Group AG 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															1.49	1.23	1.36	0.91	No Debt

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

For the Insurance - Diversified subindustry, Vienna 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.

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

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

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

Vienna 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.

Vienna Insurance Group AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	2058.97	/	(0	+	2273.39)
	=	0.91

Vienna Insurance Group AG's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Vienna Insurance Group AG had no debt ⁽¹⁾.

Vienna Insurance Group AG (WBO:VIG) 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.

Vienna Insurance Group AG Cash-to-Debt Related Terms

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Vienna Insurance Group AG (WBO:VIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Vienna Insurance Group AG (WBO:VIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VIG:Hungary 0MZX:UK WSV2:Germany VIG:Czech Republic

Address

Schottenring 30, Vienna, AUT, 1010

Website

https://www.vig.com

Vienna Insurance Group AG is a diversified insurance company that offers property and casualty, life, and health insurance products. The company maintains its goal of consolidating market leadership in Austria while taking advantage of the growth potential in Central and Eastern Europe. The company generates most of its revenue in Austria, followed by the Czech Republic and Poland. The company considers merger and acquisition investment as a component of its operational growth strategy.

Executives