Manulife Financial (HKSE:00945) Cash-to-Debt : 1.60 (As of Dec. 2023)

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What is Manulife Financial 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. Manulife Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.60.

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

HKSE:00945' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.18 Med: 1.67 Max: 2.35
Current: 1.6

During the past 13 years, Manulife Financial's highest Cash to Debt Ratio was 2.35. The lowest was 1.18. And the median was 1.67.

HKSE:00945's Cash-to-Debt is ranked worse than
52.28% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs HKSE:00945: 1.60

Manulife Financial Cash-to-Debt Historical Data

The historical data trend for Manulife Financial'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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Manulife Financial Cash-to-Debt Chart

Manulife Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.74

1.87

1.91

1.55

1.60

Manulife Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.55	1.39	1.65	1.71	1.60

Competitive Comparison of Manulife Financial's Cash-to-Debt

For the Insurance - Life subindustry, Manulife Financial'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.

Manulife Financial's Cash-to-Debt Distribution in the Insurance Industry

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

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

Manulife Financial 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.

Manulife Financial'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)
	=	118392.749	/	(3457.827	+	70693.36)
	=	1.60

Manulife Financial'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)
	=	118392.749	/	(3457.827	+	70693.36)
	=	1.60

Manulife Financial (HKSE:00945) 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.

Manulife Financial Cash-to-Debt Related Terms

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

Manulife Financial (HKSE:00945) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Manulife Financial Corp (HKSE:00945) » Definitions » Cash-to-Debt

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Address

200 Bloor Street East, Toronto, ON, CAN, M4W 1E5

Website

https://www.manulife.com

Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.35 trillion in assets under management and administration as of June 30, 2023. The U.S. business, which primarily operates under the John Hancock brand, contributes about 30% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 20% of earnings.

Manulife Financial (HKSE:00945) Headlines

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