Dunav Re a.d (XBEL:DNREM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Dunav Re a.d 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. Dunav Re a.d's cash to debt ratio for the quarter that ended in Jun. 2023 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, Dunav Re a.d could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 Dunav Re a.d's Cash-to-Debt or its related term are showing as below:

XBEL:DNREM' s Cash-to-Debt Range Over the Past 10 Years
Min: 35.47 Med: No Debt Max: No Debt
Current: 194.11

During the past 13 years, Dunav Re a.d's highest Cash to Debt Ratio was No Debt. The lowest was 35.47. And the median was No Debt.

XBEL:DNREM's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.86 vs XBEL:DNREM: 194.11

Dunav Re a.d Cash-to-Debt Historical Data

The historical data trend for Dunav Re a.d'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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Dunav Re a.d Cash-to-Debt Chart

Dunav Re a.d Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

213.09

No Debt

5,800.88

77.68

35.47

Dunav Re a.d Semi-Annual Data
	Dec10	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial														5,800.88	77.68	N/A	35.47	No Debt

Competitive Comparison of Dunav Re a.d's Cash-to-Debt

For the Insurance - Reinsurance subindustry, Dunav Re a.d'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.

Dunav Re a.d's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Dunav Re a.d's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dunav Re a.d's Cash-to-Debt falls into.

Dunav Re a.d 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.

Dunav Re a.d's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	741.429	/	(20.901	+	0)
	=	35.47

Dunav Re a.d's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Dunav Re a.d had no debt ⁽¹⁾.

Dunav Re a.d (XBEL:DNREM) 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.

Dunav Re a.d Cash-to-Debt Related Terms

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

Dunav Re a.d (XBEL:DNREM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dunav Re a.d (XBEL:DNREM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Knez Mihailova 6/II, Beograd, SRB, 11000

Website

http://www.dunavre.rs

Dunav Re a.d is a joint-stock reinsurance company. It provides reinsurance protection. It operates in countries such as Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Albania, Turkish part of Cyprus, Germany, Russia, Bulgaria, North Africa (Morocco, Algeria), Asia-Emirates.

Dunav Re a.d (XBEL:DNREM) Headlines

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Dunav Re a.d (XBEL:DNREM) Cash-to-Debt : No Debt (1) (As of Jun. 2023)