Tokio Marine Holdings (Tokio Marine Holdings) Cash-to-Debt

: 4.09 (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. Tokio Marine Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.09.

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, Tokio Marine Holdings 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 Tokio Marine Holdings's Cash-to-Debt or its related term are showing as below:

TKOMY' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.03 Med: 4.6 Max: 15.13
Current: 4.09

During the past 13 years, Tokio Marine Holdings's highest Cash to Debt Ratio was 15.13. The lowest was 3.03. And the median was 4.60.

TKOMY's Cash-to-Debt is ranked better than
61.83% of 482 companies
in the Insurance industry
Industry Median: 1.87 vs TKOMY: 4.09

Tokio Marine Holdings Cash-to-Debt Historical Data

The historical data trend for Tokio Marine Holdings'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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Tokio Marine Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

14.81

3.03

3.52

3.86

3.91

Tokio Marine Holdings 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																4.41	3.91	3.71	3.76	4.09

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Tokio Marine Holdings'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.

Tokio Marine Holdings Cash-to-Debt Distribution

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

* The bar in red indicates where Tokio Marine Holdings's Cash-to-Debt falls into.

Tokio Marine Holdings 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.

Tokio Marine Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	6523.754	/	(0	+	1666.945)
	=	3.91

Tokio Marine Holdings'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)
	=	6419.019	/	(0	+	1567.785)
	=	4.09

Tokio Marine Holdings (OTCPK:TKOMY) 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.

Tokio Marine Holdings Cash-to-Debt Related Terms

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

Tokio Marine Holdings (Tokio Marine Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tokio Marine Holdings Inc (OTCPK:TKOMY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TKOMF:USA 8766:Japan MH6:Germany

Address

Tokio Marine Nichido Building Shinkan, 2-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.tokiomarinehd.com

Dating back to 1879, Tokio Marine is Japan's oldest insurance company and was its top property and casualty insurer in terms of market share for many decades. After mergers of its smaller rivals in the past few years, the company is now roughly the same size in the domestic nonlife market as MS&AD and Sompo Holdings, but it remains the most valuable listed Japanese insurer in terms of market capitalization due to its larger overseas business portfolio. The majority of its overseas business is in the U.S., where it has purchased four specialty insurers since 2008: Philadelphia Consolidated, Delphi Financial, HCC, and PURE. It is a member of the Mitsubishi keiretsu group and holds minority stakes in a number of group companies that also rank among its shareholders.

Tokio Marine Holdings (Tokio Marine Holdings) Headlines

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