Power of Canada (TSX:POW.PR.E) Cash-to-Debt

: 0.44 (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. Power of Canada's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.44.

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

TSX:POW.PR.E' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.34 Max: 0.51
Current: 0.44

During the past 13 years, Power of Canada's highest Cash to Debt Ratio was 0.51. The lowest was 0.30. And the median was 0.34.

TSX:POW.PR.E's Cash-to-Debt is ranked worse than
79.13% of 484 companies
in the Insurance industry
Industry Median: 1.85 vs TSX:POW.PR.E: 0.44

Power of Canada Cash-to-Debt Historical Data

The historical data trend for Power of Canada'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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Power of Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.34

0.33

0.51

0.42

0.44

Power of Canada 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																0.42	0.57	0.47	0.47	0.44

Competitive Comparison

For the Insurance - Life subindustry, Power of Canada'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.

Power of Canada Cash-to-Debt Distribution

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

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

Power of Canada 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.

Power of Canada'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)
	=	9144	/	(3452	+	17491)
	=	0.44

Power of Canada'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)
	=	9144	/	(3452	+	17491)
	=	0.44

Power of Canada (TSX:POW.PR.E) 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.

Power of Canada Cash-to-Debt Related Terms

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Power of Canada (TSX:POW.PR.E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Power Corporation of Canada (TSX:POW.PR.E) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PWCDF:USA PCR:Germany POW.PR.G.PFD:Canada POW.PR.D.PFD:Canada POW.PR.C.PFD:Canada POW.PR.B.PFD:Canada POW.PR.A.PFD:Canada POW:Canada

Address

751 Victoria Square, Montreal, QC, CAN, H2Y 2J3

Website

https://www.powercorporation.com

Power Corporation of Canada is a holding company with controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada's largest nonbank asset manager), and other alternative asset-management platforms (Sagard and Power Sustainable). The company also has minority interests in Groupe Bruxelles Lambert (a holding company with interests in European companies) and ChinaAMC (an asset manager in China).

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