AIA Group (AIA Group) Cash-to-Debt

: 0.95 (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. AIA Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.95.

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

AAGIY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 0.62 Max: 0.95
Current: 0.95

During the past 13 years, AIA Group's highest Cash to Debt Ratio was 0.95. The lowest was 0.48. And the median was 0.62.

AAGIY's Cash-to-Debt is ranked worse than
63.28% of 482 companies
in the Insurance industry
Industry Median: 1.87 vs AAGIY: 0.95

AIA Group Cash-to-Debt Historical Data

The historical data trend for AIA Group'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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AIA Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.62

0.52

0.72

0.95

AIA Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt																0.52	0.67	0.72	0.59	0.95

Competitive Comparison

For the Insurance - Life subindustry, AIA Group'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.

AIA Group Cash-to-Debt Distribution

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

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

AIA Group 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.

AIA Group'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)
	=	11525	/	(0	+	12165)
	=	0.95

AIA Group'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)
	=	11525	/	(0	+	12165)
	=	0.95

AIA Group (OTCPK:AAGIY) 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.

AIA Group Cash-to-Debt Related Terms

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

AIA Group (AIA Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AIA Group Ltd (OTCPK:AAGIY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AAIGF:USA 1299:Mexico 01299:Hong Kong 7A2S:Germany 7A2:Germany 7A2:Germany

Address

No. 1 Connaught Road Central, 35th Floor, AIA Central, Hong Kong, HKG

Website

https://www.aia.com

AIA is one of the largest pan-Asian insurance providers with a wide range of products including retirement savings plans, life insurance, and accident and health insurance. The company is headquartered in Hong Kong. It was previously part of AIG and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA is present in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.

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