PartnerRe (PartnerRe) Cash-to-Debt : 1.19 (As of Dec. 2020)

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PartnerRe Cash-to-Debt Definition

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. PartnerRe's cash to debt ratio for the quarter that ended in Dec. 2020 was 1.19.

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, PartnerRe could pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

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

PREPRDCL.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.62 Med: 1.6 Max: 2.57
Current: 1.19

During the past 13 years, PartnerRe's highest Cash to Debt Ratio was 2.57. The lowest was 0.62. And the median was 1.60.

PREPRDCL.PFD's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.83 vs PREPRDCL.PFD: 1.19

PartnerRe Cash-to-Debt Historical Data

The historical data trend for PartnerRe'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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PartnerRe Cash-to-Debt Chart

PartnerRe Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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1.32

1.22

0.62

1.06

1.19

PartnerRe Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Cash-to-Debt	Get a 7-Day Free Trial															1.06	1.35	0.99	0.92	1.19

Competitive Comparison of PartnerRe's Cash-to-Debt

For the Insurance - Reinsurance subindustry, PartnerRe'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.

PartnerRe's Cash-to-Debt Distribution in the Insurance Industry

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

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

PartnerRe 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.

PartnerRe's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	2350.833	/	(0	+	1974.731)
	=	1.19

PartnerRe's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
	=	2350.833	/	(0	+	1974.731)
	=	1.19

PartnerRe (NYSE:PREPRDCL.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.

PartnerRe Cash-to-Debt Related Terms

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PartnerRe (PartnerRe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PartnerRe Ltd (NYSE:PREPRDCL.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PREpJ.PFD:USA

Address

90 Pitts Bay Road, Wellesley House South, Pembroke, BMU, HM 08

Website

https://www.partnerre.com

PartnerRe Ltd is a Bermuda-based holding company for international reinsurance groups, including Partner Reinsurance Company, Partner Reinsurance Europe SE, Partner Reinsurance Company of the U.S., and Partner Reinsurance Asia. PartnerRe reinsures risks include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity, accident and health, and alternative risk products. It operates through the following segments the P&C segment, the Specialty segment under the non-life division, and the Life and Health segment. PartnerRe derives the majority of its revenue from the non-life business division.