Zurich Insurance Co (JSE:ZSA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2013)

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What is Zurich Insurance Co 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. Zurich Insurance Co's cash to debt ratio for the quarter that ended in Dec. 2013 was No Debt ⁽¹⁾.

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, Zurich Insurance Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2013.

(1) 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.

The historical rank and industry rank for Zurich Insurance Co's Cash-to-Debt or its related term are showing as below:

JSE:ZSA's Cash-to-Debt is not ranked ^*
in the Insurance industry.
Industry Median: 1.81
* Ranked among companies with meaningful Cash-to-Debt only.

Zurich Insurance Co Cash-to-Debt Historical Data

The historical data trend for Zurich Insurance Co'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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Zurich Insurance Co Cash-to-Debt Chart

Zurich Insurance Co Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash-to-Debt

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No Debt

Zurich Insurance Co Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Zurich Insurance Co's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Zurich Insurance Co'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.

Zurich Insurance Co's Cash-to-Debt Distribution in the Insurance Industry

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

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

Zurich Insurance Co 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.

Zurich Insurance Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2013 is calculated as:

Zurich Insurance Co had no debt ⁽¹⁾.

Zurich Insurance Co's Cash to Debt Ratio for the quarter that ended in Dec. 2013 is calculated as:

Zurich Insurance Co had no debt ⁽¹⁾.

Zurich Insurance Co (JSE:ZSA) 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.

Zurich Insurance Co Cash-to-Debt Related Terms

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Zurich Insurance Co (JSE:ZSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zurich Insurance Co SA Ltd (JSE:ZSA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.zurich.co.za

Zurich Insurance Co SA Ltd, a short-term insurance Company, was founded on 1965. The Company offers insurance products and services for individual, commercial and corporate customers. It provides short-term insurance, operating across corporate, commercial and domestic markets and markets its products through brokers and agents. It has a network of offices throughout South Africa. Its products consist of Body Corporate Insurance, Collectible Insurance, Commercial Insurance, Farmers Insurance, Flexiflite Insurance, Hospitality Insurance, Small and Medium Enterprises Insurance, Wineries Insurance, Home and Motor Insurance, Engineering Insurance, Marine Insurance and Travel Insurance. It provides services such as Fast Track Claims, Motor Assessing and Zurich Assist.

Zurich Insurance Co (JSE:ZSA) Headlines

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Zurich Insurance Co (JSE:ZSA) Cash-to-Debt : No Debt (1) (As of Dec. 2013)