CIG Pannonia Life Insurance OJSC (FRA:0CKA) Cash-to-Debt : 12.67 (As of Mar. 2024)

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What is CIG Pannonia Life Insurance OJSC 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. CIG Pannonia Life Insurance OJSC's cash to debt ratio for the quarter that ended in Mar. 2024 was 12.67.

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, CIG Pannonia Life Insurance OJSC could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for CIG Pannonia Life Insurance OJSC's Cash-to-Debt or its related term are showing as below:

FRA:0CKA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 2.58 Max: 13.35
Current: 12.66

During the past 13 years, CIG Pannonia Life Insurance OJSC's highest Cash to Debt Ratio was 13.35. The lowest was 0.16. And the median was 2.58.

FRA:0CKA's Cash-to-Debt is ranked better than
69.78% of 493 companies
in the Insurance industry
Industry Median: 1.81 vs FRA:0CKA: 12.66

CIG Pannonia Life Insurance OJSC Cash-to-Debt Historical Data

The historical data trend for CIG Pannonia Life Insurance OJSC'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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CIG Pannonia Life Insurance OJSC Cash-to-Debt Chart

CIG Pannonia Life Insurance OJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.02

4.11

2.82

6.52

7.93

CIG Pannonia Life Insurance OJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															11.75	7.06	8.78	7.93	12.67

Competitive Comparison of CIG Pannonia Life Insurance OJSC's Cash-to-Debt

For the Insurance - Life subindustry, CIG Pannonia Life Insurance OJSC'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.

CIG Pannonia Life Insurance OJSC's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where CIG Pannonia Life Insurance OJSC's Cash-to-Debt falls into.

CIG Pannonia Life Insurance OJSC 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.

CIG Pannonia Life Insurance OJSC'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)
	=	6.363	/	(0	+	0.802)
	=	7.93

CIG Pannonia Life Insurance OJSC's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	9.372	/	(0	+	0.74)
	=	12.66

CIG Pannonia Life Insurance OJSC (FRA:0CKA) 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.

CIG Pannonia Life Insurance OJSC Cash-to-Debt Related Terms

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

CIG Pannonia Life Insurance OJSC (FRA:0CKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CIG Pannonia Life Insurance OJSC (FRA:0CKA) » Definitions » Cash-to-Debt

Traded in Other Exchanges

CIGPANNONIA:Hungary

Address

11 Könyves Kálmán Krt, Building B, Népliget Center Business Center, Budapest, HUN, 1097

Website

https://www.cigpannonia.hu

CIG Pannonia Life Insurance OJSC is an insurance company. It mainly sells various insurance products including unit-linked life insurance, term life insurance, endowment insurance, health insurance, casco, freight liability and suretyship insurance and also offers investment fund management and portfolio management. The company carries its activities in Hungary, Romania, Slovakia, Poland, Lithuania, and Italy. In addition, the company sells riders and non-life insurance products.

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