Tower (ASX:TWR) Cash-to-Debt : 2.61 (As of Sep. 2024)

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What is Tower 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. Tower's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.61.

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, Tower could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

ASX:TWR' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.96 Med: 3.96 Max: No Debt
Current: 2.61

During the past 13 years, Tower's highest Cash to Debt Ratio was No Debt. The lowest was 1.96. And the median was 3.96.

ASX:TWR's Cash-to-Debt is ranked better than
56.22% of 482 companies
in the Insurance industry
Industry Median: 1.735 vs ASX:TWR: 2.61

Tower Cash-to-Debt Historical Data

The historical data trend for Tower'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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Tower Cash-to-Debt Chart

Tower Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash-to-Debt

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9.21

2.95

2.41

1.96

2.61

Tower Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															2.41	2.69	1.96	2.57	2.61

Competitive Comparison of Tower's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Tower'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.

Tower's Cash-to-Debt Distribution in the Insurance Industry

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

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

Tower 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.

Tower's Cash to Debt Ratio for the fiscal year that ended in Sep. 2024 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)
	=	69.291	/	(4.512	+	22.009)
	=	2.61

Tower's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	69.291	/	(4.512	+	22.009)
	=	2.61

Tower (ASX:TWR) 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.

Tower Cash-to-Debt Related Terms

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

Tower Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tower Ltd (ASX:TWR) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

TWR:New Zealand

Address

136 Fanshawe Street, Level 5, PO Box 90347, Auckland, NTL, NZL, 1142

Website

https://www.tower.co.nz

Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives majority of its revenue from New Zealand segment.

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