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Legal & General Group (Legal & General Group) Cash-to-Debt : 3.35 (As of Dec. 2023)


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What is Legal & General Group 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. Legal & General Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.35.

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, Legal & General Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Legal & General Group's Cash-to-Debt or its related term are showing as below:

LGGNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.79   Med: 4.02   Max: 6.44
Current: 3.35

During the past 13 years, Legal & General Group's highest Cash to Debt Ratio was 6.44. The lowest was 2.79. And the median was 4.02.

LGGNF's Cash-to-Debt is ranked worse than
52.98% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs LGGNF: 3.35

Legal & General Group Cash-to-Debt Historical Data

The historical data trend for Legal & General Group'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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Legal & General Group Cash-to-Debt Chart

Legal & General Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 3.21 3.03 6.44 3.35

Legal & General Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.03 4.47 6.44 2.62 3.35

Competitive Comparison of Legal & General Group's Cash-to-Debt

For the Asset Management subindustry, Legal & General Group'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.

Legal & General Group's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Legal & General Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Legal & General Group's Cash-to-Debt falls into.


Legal & General Group 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.

Legal & General Group'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)
=25965.823 / (340.506 + 7406.329)
=3.35

Legal & General Group'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)
=25965.823 / (340.506 + 7406.329)
=3.35

* 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.

Legal & General Group  (OTCPK:LGGNF) 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.

Legal & General Group Cash-to-Debt Related Terms

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

Legal & General Group (Legal & General Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (OTCPK:LGGNF) » Definitions » Cash-to-Debt
Comparable Companies
LSE:SMT LSE:ICG LSE:SDR LSE:FCIT LSE:MNG LSE:HL. LSE:PCT LSE:ATST LSE:UKW LSE:3IN BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
LGGNY:USA LGENl:UK LGEN:UK LGI:Germany
Address
One Coleman Street, London, GBR, EC2R 5AA
Website
https://www.legalandgeneralgroup.com
Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and insurance. The retirement business provides provide guaranteed retirement income for corporate pension scheme members. Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment use customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Insurance business provides various types of insurance, including life and disability insurance. The company has a global presence but most of its assets under management are derived from the United Kingdom and Europe.