Aviva (AVVIY) Cash-to-Debt : 2.35 (As of Dec. 2023)

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What is Aviva 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. Aviva's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.35.

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

AVVIY' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.3 Med: 2.1 Max: 3.63
Current: 2.35

During the past 13 years, Aviva's highest Cash to Debt Ratio was 3.63. The lowest was 1.30. And the median was 2.10.

AVVIY's Cash-to-Debt is ranked better than
53.53% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs AVVIY: 2.35

Aviva Cash-to-Debt Historical Data

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

Aviva Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.86

1.52

1.56

2.79

2.35

Aviva Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.56	1.99	2.79	3.02	2.35

Competitive Comparison of Aviva's Cash-to-Debt

For the Insurance - Diversified subindustry, Aviva'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.

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

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

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

Aviva 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.

Aviva'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)
	=	21864.557	/	(850.633	+	8474.684)
	=	2.34

Aviva'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)
	=	21864.557	/	(850.633	+	8474.684)
	=	2.34

Aviva (OTCPK:AVVIY) 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.

Aviva Cash-to-Debt Related Terms

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

Aviva (AVVIY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aviva PLC (OTCPK:AVVIY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AIVAF:USA AVl:UK AV.B.PFD:UK AV.A.PFD:UK AV.:UK GU81:Germany GU80:Germany GU81:Germany

Address

St Helen's, 1 Undershaft, London, GBR, EC3P 3DQ

Website

https://www.aviva.com

Aviva is a multiline insurer that is listed on the London Stock Exchange. The company traces its roots back to the 17th century with the establishment of Hand-in-Hand. After the Great Fire of London, this mutual was formed to provide protection against fires. Hand-in-Hand was then acquired by Commercial Union in 1905. Over the years, Hand-in-Hand insured London landmarks such as London Bridge, the British Museum, and the Palace in Lambeth. The life insurance part of Aviva began in the early part of the 18th century with the establishment of Amicable, again a mutual society but this time to protect widows and children against the loss of life.