Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Cash-to-Debt : 0.69 (As of Dec. 2023)

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What is Gjensidige 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. Gjensidige Forsikring ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.69.

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

GJNSY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.66 Max: 1.58
Current: 0.69

During the past 13 years, Gjensidige Forsikring ASA's highest Cash to Debt Ratio was 1.58. The lowest was 0.10. And the median was 0.66.

GJNSY's Cash-to-Debt is ranked worse than
70.54% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs GJNSY: 0.69

Gjensidige Forsikring ASA Cash-to-Debt Historical Data

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

Gjensidige Forsikring ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.92

1.14

0.64

0.84

0.69

Gjensidige Forsikring ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.84	1.05	1.09	1.02	0.69

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

For the Insurance - Property & Casualty subindustry, Gjensidige 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.

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

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

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

Gjensidige 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.

Gjensidige 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)
	=	283.135	/	(0	+	413.464)
	=	0.68

Gjensidige Forsikring ASA'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)
	=	283.135	/	(0	+	413.464)
	=	0.68

Gjensidige Forsikring ASA (OTCPK:GJNSY) 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.

Gjensidige Forsikring ASA Cash-to-Debt Related Terms

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

Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gjensidige Forsikring ASA (OTCPK:GJNSY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GJFo:Sweden GJF:Norway 0OJC:UK XGJ:Germany

Address

Schweigaardsgate 21, Oslo, NOR, 0191

Website

https://www.gjensidige.no

Gjensidige Forsikring ASA is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Headlines

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