Jackson Financial (Jackson Financial) Cash-to-Debt

: 0.67 (As of Dec. 2023)

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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. Jackson Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.67.

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

JXN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.65 Med: 0.72 Max: 6.27
Current: 0.67

During the past 6 years, Jackson Financial's highest Cash to Debt Ratio was 6.27. The lowest was 0.65. And the median was 0.72.

JXN's Cash-to-Debt is ranked worse than
71.37% of 482 companies
in the Insurance industry
Industry Median: 1.87 vs JXN: 0.67

Jackson Financial Cash-to-Debt Historical Data

The historical data trend for Jackson 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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Jackson Financial Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.72

6.27

0.65

0.98

0.67

Jackson Financial Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt														0.98	0.38	0.45	0.59	0.67

Competitive Comparison

For the Insurance - Life subindustry, Jackson 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.

Jackson Financial Cash-to-Debt Distribution

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

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

Jackson 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.

Jackson 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)
	=	2688	/	(0	+	4025)
	=	0.67

Jackson 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)
	=	2688	/	(0	+	4025)
	=	0.67

Jackson Financial (NYSE:JXN) 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.

Jackson Financial Cash-to-Debt Related Terms

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

Jackson Financial (Jackson Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jackson Financial Inc (NYSE:JXN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0JKF:UK 8WF:Germany 8WF:Germany

Address

1 Corporate Way, Lansing, MI, USA, 48951

Website

https://www.jackson.com

Jackson Financial Inc helps Americans grow and protect their retirement savings and income to enable them to pursue financial freedom for life. Its retail product offerings comprise annuities, designed to help retail investors save for and live in retirement. Its diverse suite of annuities includes a variable, fixed index, and fixed annuities. It manages the business through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks and Corporate and Other segments.

Executives

Scott Romine	officer: President and CEO, JNLD	1 CORPORATE WAY, LANSING MI 48951
Don W Cummings	officer: SVP, Controller and CAO	C/O JACKSON FINANCIAL INC., 1 CORPORATE WAY, LANSING MI 48951
Russell G Noles	director	C/O JACKSON FINANCIAL INC., 1 CORPORATE WAY, LANSING MI 48951
Christopher Raub	officer: EVP and Chief Risk Officer	1 CORPORATE WAY, LANSING MI 48951
Gregory T Durant	director	C/O JACKSON FINANCIAL INC., 1 CORPORATE WAY, LANSING MI 48951
Plc Prudential	10 percent owner	1 ANGEL COURT, LONDON X0 EC2R 7AG
Paul Chadwick Myers	officer: Vice Chair, JHLLC	C/O JACKSON FINANCIAL INC., 1 CORPORATE WAY, LANSING MI 48951
Carrie Chelko	officer: EVP, GC and Secretary	1 CORPORATE WAY, LANSING MI 48951
Laura Louene Prieskorn	director, officer: CEO and President	C/O JACKSON FINANCIAL INC., 1 CORPORATE WAY, LANSING MI 48951
Devkumar Dilip Ganguly	officer: EVP & Chief Operating Officer	C/O JACKSON FINANCIAL INC., 1 CORPORATE WAY, LANSING MI 48951
Dan Hagan	10 percent owner	PO BOX 1225, COLUMBIA MO 65205
Derek G Kirkland	director	C/O JACKSON FINANCIAL INC., 1 CORPORATE WAY, LANSING MI 48951
Lily Fu Claffee	director	C/O JACKSON FINANCIAL INC., 1 CORPORATE WAY, LANSING MI 48951
Steven A Kandarian	director	METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Martin J Lippert	director	200 PARK AVENUE, NEW YORK NY 10166