Just Group (CHIX:JUSTL) Cash-to-Debt : 1.73 (As of Jun. 2024)

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What is Just 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. Just Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.73.

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, Just Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

CHIX:JUSTl' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 1.1 Max: 2.17
Current: 1.73

During the past 13 years, Just Group's highest Cash to Debt Ratio was 2.17. The lowest was 0.20. And the median was 1.10.

CHIX:JUSTl's Cash-to-Debt is ranked worse than
50.21% of 482 companies
in the Insurance industry
Industry Median: 1.735 vs CHIX:JUSTl: 1.73

Just Group Cash-to-Debt Historical Data

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

Just Group Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.55

1.92

0.66

1.96

1.80

Just Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.70	1.96	1.86	1.80	1.73

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

For the Insurance - Specialty subindustry, Just 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.

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

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

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

Just 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.

Just 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)
	=	1252	/	(0	+	695)
	=	1.80

Just Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1191	/	(0	+	687)
	=	1.73

Just Group (CHIX:JUSTl) 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.

Just Group Cash-to-Debt Related Terms

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

Just Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Just Group PLC (CHIX:JUSTl) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

JTGPF:USA JUST:UK

Address

Bancroft Road, Enterprise House, Reigate, Surrey, GBR, RH2 7RP

Website

https://www.justgroupplc.co.uk

Just Group PLC is a financial service company that offers retirement management services through products, advisory, and professional services. The company's client base includes individuals, financial intermediaries, corporate clients, and pension plan trustees. The insurance segment writes insurance products for the retirement market - which include Guaranteed Income for Life Solutions, Defined Benefit De-risking Solutions, Care Plans, Flexible Pension Plans, and Protection and invests the premiums received from these contracts in debt securities, gilts, liquidity funds, and Lifetime Mortgage advances. The Other segment also includes the group's corporate activities that are involved in managing its liquidity, capital, and investment activities.

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