Great-West Lifeco (TSX:GWO.PR.F.PFD) Cash-to-Debt

: 0.73 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

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. Great-West Lifeco's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.73.

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

TSX:GWO.PR.F.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 0.57 Max: 0.73
Current: 0.73

During the past 13 years, Great-West Lifeco's highest Cash to Debt Ratio was 0.73. The lowest was 0.43. And the median was 0.57.

TSX:GWO.PR.F.PFD's Cash-to-Debt is ranked worse than
69.5% of 482 companies
in the Insurance industry
Industry Median: 1.87 vs TSX:GWO.PR.F.PFD: 0.73

Great-West Lifeco Cash-to-Debt Historical Data

The historical data trend for Great-West Lifeco'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.

* Premium members only.

Great-West Lifeco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.67

0.47

0.65

0.57

0.73

Great-West Lifeco 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															0.57	0.65	0.78	0.76	0.73

Competitive Comparison

For the Insurance - Life subindustry, Great-West Lifeco'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.

Great-West Lifeco Cash-to-Debt Distribution

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

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

Great-West Lifeco 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.

Great-West Lifeco'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)
	=	7053	/	(435	+	9215)
	=	0.73

Great-West Lifeco'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)
	=	7053	/	(435	+	9215)
	=	0.73

Great-West Lifeco (TSX:GWO.PR.F.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.

Great-West Lifeco Cash-to-Debt Related Terms

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

Great-West Lifeco (TSX:GWO.PR.F.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Great-West Lifeco Inc (TSX:GWO.PR.F.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GWLIF:USA GWO.PR.T.PFD:Canada GWO.PR.S.PFD:Canada GWO.PR.R.PFD:Canada GWO.PR.Q.PFD:Canada GWO.PR.P.PFD:Canada GWO.PR.N.PFD:Canada GWO.PR.M.PFD:Canada GWO.PR.L.PFD:Canada GWO.PR.I.PFD:Canada GWO.PR.H.PFD:Canada GWO.PR.G.PFD:Canada GWO:Canada

Address

100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3

Website

https://www.greatwestlifeco.com

Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 35% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 20%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the U.K., Ireland, and Germany. The Europe segment contributes around 28% of adjusted earnings and the reinsurance business accounts for around 17% of adjusted earnings.

Great-West Lifeco (TSX:GWO.PR.F.PFD) Headlines

No Headlines