SREDF (Storebrand ASA) Cash-to-Debt : 0.23 (As of Sep. 2024)

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What is Storebrand ASA 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. Storebrand ASA's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.23.

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, Storebrand ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

SREDF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.34 Max: 0.63
Current: 0.23

During the past 13 years, Storebrand ASA's highest Cash to Debt Ratio was 0.63. The lowest was 0.23. And the median was 0.34.

SREDF's Cash-to-Debt is ranked worse than
72.96% of 477 companies
in the Diversified Financial Services industry
Industry Median: 6.66 vs SREDF: 0.23

Storebrand ASA Cash-to-Debt Historical Data

The historical data trend for Storebrand ASA'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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Storebrand ASA Cash-to-Debt Chart

Storebrand ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.38

0.40

0.27

0.33

0.27

Storebrand ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.32	0.27	0.26	0.23	0.23

Competitive Comparison of Storebrand ASA's Cash-to-Debt

For the Financial Conglomerates subindustry, Storebrand ASA'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.

Storebrand ASA's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Storebrand ASA 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.

Storebrand ASA'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)
	=	1319.127	/	(26.826	+	4943.978)
	=	0.27

Storebrand ASA'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)
	=	1107.544	/	(115.414	+	4785.457)
	=	0.23

Storebrand ASA (OTCPK:SREDF) 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.

Storebrand ASA Cash-to-Debt Related Terms

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

Storebrand ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Storebrand ASA (OTCPK:SREDF) » Definitions » Cash-to-Debt

Traded in Other Exchanges

STBo:Sweden STB:Norway STBo:UK 0NO0:UK SKT:Germany

Address

Professor Kohts vei 9, P.O. Box 500, Lysaker, Oslo, NOR, N-1327

Website

https://www.storebrand.no

Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into four segments savings, insurance, guaranteed pensions, and others. The savings segment includes products for retirement savings with no interest rate guarantees which defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The insurance segment provides risk products in Norway and Sweden, it provides health, property and casualty, personal risk products, and others. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return. Other segment consists of other companies within the Storebrand Group, including smaller subsidiaries of Storebrand Livsforsikring and SPP.