Suncorp Group (ASX:SUNPI.PFD) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is Suncorp 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. Suncorp Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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, Suncorp Group 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 Suncorp Group's Cash-to-Debt or its related term are showing as below:

ASX:SUNPI.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.15
Current: 0.11

During the past 13 years, Suncorp Group's highest Cash to Debt Ratio was 0.15. The lowest was 0.04. And the median was 0.08.

ASX:SUNPI.PFD's Cash-to-Debt is ranked worse than
94.59% of 481 companies
in the Insurance industry
Industry Median: 1.84 vs ASX:SUNPI.PFD: 0.11

Suncorp Group Cash-to-Debt Historical Data

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

Suncorp Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.08

0.06

0.15

Suncorp Group 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															0.05	0.06	0.10	0.15	0.11

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

For the Insurance - Property & Casualty subindustry, Suncorp 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.

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

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

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

Suncorp 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.

Suncorp Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	3908	/	(13655	+	13019)
	=	0.15

Suncorp 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)
	=	2899	/	(2543	+	23619)
	=	0.11

Suncorp Group (ASX:SUNPI.PFD) 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.

Suncorp Group Cash-to-Debt Related Terms

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

Suncorp Group (ASX:SUNPI.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Suncorp Group Ltd (ASX:SUNPI.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNMYF:USA SNMCY:USA SU4:Germany SUNPH.PFD:Australia SUNPG.PFD:Australia SUN:Australia

Address

80 Ann Street, Level 23, Heritage Lanes, Brisbane, QLD, AUS, 4000

Website

https://www.suncorpgroup.com.au

Suncorp is a Queensland-based financial services conglomerate offering retail and business banking, general insurance, superannuation, and investment products in Australia and New Zealand. It also operates a life insurance business in New Zealand. The core businesses include personal insurance, commercial insurance, Vero New Zealand, and Suncorp Bank. Suncorp and competitors IAG Insurance and QBE Insurance dominate the Australian and New Zealand insurance markets.

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