Protector Forsikring ASA (OSL:PROT) Cash-to-Debt : 0.55 (As of Mar. 2024)

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What is Protector Forsikring ASA 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. Protector Forsikring ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.55.

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, Protector Forsikring ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

OSL:PROT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.38 Max: 2.07
Current: 0.55

During the past 13 years, Protector Forsikring ASA's highest Cash to Debt Ratio was 2.07. The lowest was 0.07. And the median was 0.38.

OSL:PROT's Cash-to-Debt is ranked worse than
76.88% of 480 companies
in the Insurance industry
Industry Median: 1.885 vs OSL:PROT: 0.55

Protector Forsikring ASA Cash-to-Debt Historical Data

The historical data trend for Protector Forsikring ASA'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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Protector Forsikring ASA Cash-to-Debt Chart

Protector Forsikring ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.26

0.16

0.21

0.15

0.16

Protector Forsikring ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.49	0.57	0.53	0.16	0.55

Competitive Comparison of Protector Forsikring ASA's Cash-to-Debt

For the Insurance - Specialty subindustry, Protector Forsikring ASA'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.

Protector Forsikring ASA's Cash-to-Debt Distribution in the Insurance Industry

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

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

Protector Forsikring ASA 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.

Protector Forsikring ASA'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)
	=	323.6	/	(0	+	1976.6)
	=	0.16

Protector Forsikring ASA's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1036.1	/	(0	+	1891.7)
	=	0.55

Protector Forsikring ASA (OSL:PROT) 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.

Protector Forsikring ASA Cash-to-Debt Related Terms

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

Protector Forsikring ASA (OSL:PROT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Protector Forsikring ASA (OSL:PROT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PROTCTO:Sweden 0JXF:UK PR4:Germany

Address

Stoperigata 2, PB 1351 Vika, Oslo, NOR, 0113

Website

https://www.protectorforsikring.no

Protector Forsikring ASA provides a wide range of insurance products to companies and public organizations, primarily in Norway, Sweden, and Denmark. Protector's products include workers' compensation, group life, accident, health, property, motor, liability, cargo, and change of ownership insurance. Insurance premiums provide nearly all of the company's revenue. Protector's commercial business provides insurance for more than 5,000 companies, most of which have annual insurance premiums between NOK 100,000 and NOK 3 million. The public business provides coverage to more than 500 municipalities and 30 countries.

Protector Forsikring ASA (OSL:PROT) Headlines

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