Enterprise Group (XGHA:EGL) Cash-to-Debt : 34.68 (As of Dec. 2023)

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What is Enterprise 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. Enterprise Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 34.68.

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, Enterprise Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XGHA:EGL' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.16 Med: 6.29 Max: No Debt
Current: 34.68

During the past 13 years, Enterprise Group's highest Cash to Debt Ratio was No Debt. The lowest was 2.16. And the median was 6.29.

XGHA:EGL's Cash-to-Debt is ranked better than
76.39% of 487 companies
in the Insurance industry
Industry Median: 2.15 vs XGHA:EGL: 34.68

Enterprise Group Cash-to-Debt Historical Data

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

Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.01

5.13

6.58

14.28

34.68

Enterprise Group Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										6.01	5.13	6.58	14.28	34.68

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

For the Insurance - Life subindustry, Enterprise 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.

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

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

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

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Enterprise 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.

Enterprise 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)
	=	427.038	/	(0	+	12.315)
	=	34.68

Enterprise Group's Cash to Debt Ratio for the quarter 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)
	=	427.038	/	(0	+	12.315)
	=	34.68

Enterprise Group (XGHA:EGL) 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.

Enterprise Group Cash-to-Debt Related Terms

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

Enterprise Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enterprise Group Ltd (XGHA:EGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mayor Road, Ridge West, Accra, Advantage Place, Accra, GHA, PMB 150

Website

https://www.myenterprisegroup.io

Enterprise Group Ltd is engaged in the business of investments, life, non-life and health insurance underwriting, pensions funds management, provision of funeral services and real estate development and management. It also underwrites insurance risks, associated with death, disability, health, property, and liability. The company is organized into seven operating segments. These segments are Non-life insurance business; Life assurance business; Health insurance business, Pension administration; Real estate; Funeral services; and Investments. The company derives its revenues from Non Life insurance business.