Helvetia Holding AG (XSWX:HELN) Cash-to-Debt : 0.95 (As of Dec. 2023)

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What is Helvetia Holding 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. Helvetia Holding AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.95.

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, Helvetia Holding AG couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XSWX:HELN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.7 Med: 1.01 Max: 2.71
Current: 0.95

During the past 13 years, Helvetia Holding AG's highest Cash to Debt Ratio was 2.71. The lowest was 0.70. And the median was 1.01.

XSWX:HELN's Cash-to-Debt is ranked worse than
62.99% of 481 companies
in the Insurance industry
Industry Median: 1.84 vs XSWX:HELN: 0.95

Helvetia Holding AG Cash-to-Debt Historical Data

The historical data trend for Helvetia Holding 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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Helvetia Holding AG Cash-to-Debt Chart

Helvetia Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.08

0.94

1.06

0.70

0.95

Helvetia Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.06	No Debt	0.70	No Debt	0.95

Competitive Comparison of Helvetia Holding AG's Cash-to-Debt

For the Insurance - Diversified subindustry, Helvetia Holding 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.

Helvetia Holding AG's Cash-to-Debt Distribution in the Insurance Industry

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

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

Helvetia Holding 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.

Helvetia Holding AG'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)
	=	1892.9	/	(0	+	1986.6)
	=	0.95

Helvetia Holding AG'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)
	=	1892.9	/	(0	+	1986.6)
	=	0.95

Helvetia Holding AG (XSWX:HELN) 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.

Helvetia Holding AG Cash-to-Debt Related Terms

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Helvetia Holding AG (XSWX:HELN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Helvetia Holding AG (XSWX:HELN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HLVTY:USA HELNz:UK

Address

Dufourstrasse 40, Saint Gallen, CHE, CH-9001

Website

https://www.helvetia.com

Helvetia Holding AG is a diversified insurance company. The company operates multiple segments including life, nonlife, and other activities. The company's life segment offers life insurance, pension plans, and annuities and generates most of the company's revenue. Helvetia derives the vast majority of its revenue within Switzerland, followed by Germany and Italy. Helvetia's business focuses on retail customers, as well as corporations of all sizes. It considers merger and acquisition investment as a component of its operational growth strategy.

Helvetia Holding AG (XSWX:HELN) Headlines

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