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Driver & Bengsch AG (FRA:D8B1) Cash-to-Debt : No Debt (1) (As of Jun. 2012)


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What is Driver & Bengsch 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. Driver & Bengsch AG's cash to debt ratio for the quarter that ended in Jun. 2012 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, Driver & Bengsch AG could pay off its debt using the cash in hand for the quarter that ended in Jun. 2012.

(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 Driver & Bengsch AG's Cash-to-Debt or its related term are showing as below:

FRA:D8B1's Cash-to-Debt is not ranked *
in the Insurance industry.
Industry Median: 1.835
* Ranked among companies with meaningful Cash-to-Debt only.

Driver & Bengsch AG Cash-to-Debt Historical Data

The historical data trend for Driver & Bengsch 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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Driver & Bengsch AG Cash-to-Debt Chart

Driver & Bengsch AG Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Cash-to-Debt
2.86 0.02 1.30 No Debt 7.17

Driver & Bengsch AG Semi-Annual Data
Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only 1.08 No Debt 128.00 7.17 No Debt

Competitive Comparison of Driver & Bengsch AG's Cash-to-Debt

For the Insurance Brokers subindustry, Driver & Bengsch 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.

Driver & Bengsch AG's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Driver & Bengsch AG's Cash-to-Debt falls into.


Driver & Bengsch 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.

Driver & Bengsch AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2011 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)
=0.043 / (0 + 0.006)
=7.17

Driver & Bengsch AG's Cash to Debt Ratio for the quarter that ended in Jun. 2012 is calculated as:

Driver & Bengsch AG had no debt (1).

* 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.

Driver & Bengsch AG  (FRA:D8B1) 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.

Driver & Bengsch AG Cash-to-Debt Related Terms

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Driver & Bengsch AG (FRA:D8B1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Driver & Bengsch AG (FRA:D8B1) » Definitions » Cash-to-Debt
Comparable Companies
XTER:VVV3 FRA:DJ4A FRA:M5V FRA:4CIA FRA:B2B STU:JLT FRA:BTW FRA:GAH FRA:WTY FRA:9H6 FRA:MSN
Traded in Other Exchanges
N/A
Address
Berliner Platz 6a, Itzehoe, DEU, 25524
Website
http://www.driverbengsch.de
Driver & Bengsch AG is a Germany-based holding company offering various financial services including insurance and real estate brokerage and financial advisory services.

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