NN Group NV (FRA:2NN) Cash-to-Debt : 0.58 (As of Dec. 2023)

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What is NN Group NV 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. NN Group NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.58.

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

FRA:2NN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 0.79 Max: 1.04
Current: 0.58

During the past 13 years, NN Group NV's highest Cash to Debt Ratio was 1.04. The lowest was 0.43. And the median was 0.79.

FRA:2NN's Cash-to-Debt is ranked worse than
74.69% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs FRA:2NN: 0.58

NN Group NV Cash-to-Debt Historical Data

The historical data trend for NN Group NV'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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NN Group NV Cash-to-Debt Chart

NN Group NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.52

1.04

0.58

0.43

0.58

NN Group NV 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															0.58	0.46	0.43	0.51	0.58

Competitive Comparison of NN Group NV's Cash-to-Debt

For the Insurance - Diversified subindustry, NN Group NV'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.

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

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

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

NN Group NV 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.

NN Group NV'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)
	=	8207	/	(0	+	14100)
	=	0.58

NN Group NV'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)
	=	8207	/	(0	+	14100)
	=	0.58

NN Group NV (FRA:2NN) 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.

NN Group NV Cash-to-Debt Related Terms

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NN Group NV (FRA:2NN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (FRA:2NN) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

NNGRY:USA NNGPF:USA NN:Netherlands NNa:UK 0QVV:UK 2NN:Germany NN:Austria

Address

Schenkkade 65, The Hague, ZH, NLD, 2595 AS

Website

https://www.nn-group.com

Nationale Nederlanden Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life; Netherlands nonlife; insurance Europe; and Japan life. The Netherlands life business is the biggest division of the company and tends to generate around three quarters of operating income. That business sells traditional spread-based long-term savings and the new style-defined contribution savings products. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined contribution products are managed by Goldman Sachs. Since around 2013, NN has managed its individual life insurance business as being closed to new business.

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