Saga (LSE:SAGA) Cash-to-Debt : 0.30 (As of Jul. 2024)

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What is Saga 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. Saga's cash to debt ratio for the quarter that ended in Jul. 2024 was 0.30.

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, Saga couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

LSE:SAGA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.29 Max: No Debt
Current: 0.3

During the past 13 years, Saga's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 0.29.

LSE:SAGA's Cash-to-Debt is ranked worse than
86.93% of 482 companies
in the Insurance industry
Industry Median: 1.735 vs LSE:SAGA: 0.30

Saga Cash-to-Debt Historical Data

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

Saga Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.34

0.25

0.24

0.27

0.32

Saga Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.27	No Debt	0.32	0.30

Competitive Comparison of Saga's Cash-to-Debt

For the Insurance - Diversified subindustry, Saga'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.

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

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

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

Saga Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

Saga's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	262.8	/	(1.9	+	822.5)
	=	0.32

Saga's Cash to Debt Ratio for the quarter that ended in Jul. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	217.1	/	(2.2	+	721.1)
	=	0.30

Saga (LSE:SAGA) 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.

Saga Cash-to-Debt Related Terms

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Saga Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Saga PLC (LSE:SAGA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SAGAl:UK 65J:Germany

Address

3 Pancras Square, London, GBR, N1C 4AG

Website

https://www.saga.co.uk

Saga PLC is a diversified insurance company that also offers lifestyle products and services. The company operates in two main segments: Insurance, Cruise and travel. The company generates the vast majority of its revenue from the insurance segment, specifically through premiums and broking revenues. This segment offers retail motor broking, retail home broking, and underwriting products and services. The travel segment provides group tours, holiday packages, and cruises. Saga's customers are people aged 50 and older, and all revenue comes from the United Kingdom.