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CIG Pannonia Life Insurance OJSC (BUD:CIGPANNONIA) Liabilities-to-Assets : 0.85 (As of Mar. 2024)


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What is CIG Pannonia Life Insurance OJSC Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. CIG Pannonia Life Insurance OJSC's Total Liabilities for the quarter that ended in Mar. 2024 was Ft132,110 Mil. CIG Pannonia Life Insurance OJSC's Total Assets for the quarter that ended in Mar. 2024 was Ft155,557 Mil. Therefore, CIG Pannonia Life Insurance OJSC's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.85.


CIG Pannonia Life Insurance OJSC Liabilities-to-Assets Historical Data

The historical data trend for CIG Pannonia Life Insurance OJSC's Liabilities-to-Assets 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.

* Premium members only.

CIG Pannonia Life Insurance OJSC Liabilities-to-Assets Chart

CIG Pannonia Life Insurance OJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.88 0.84 0.85 0.84

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
Liabilities-to-Assets 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 0.85 0.86 0.85 0.84 0.85

Competitive Comparison of CIG Pannonia Life Insurance OJSC's Liabilities-to-Assets

For the Insurance - Life subindustry, CIG Pannonia Life Insurance OJSC's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets Distribution in the Insurance Industry

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

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



CIG Pannonia Life Insurance OJSC Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

CIG Pannonia Life Insurance OJSC's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=120989.264/144253.185
=0.84

CIG Pannonia Life Insurance OJSC's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=132110/155557
=0.85

* 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.


CIG Pannonia Life Insurance OJSC  (BUD:CIGPANNONIA) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


CIG Pannonia Life Insurance OJSC Liabilities-to-Assets Related Terms

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CIG Pannonia Life Insurance OJSC (BUD:CIGPANNONIA) Business Description

Traded in Other Exchanges
Address
11 Könyves Kálmán Krt, Building B, Népliget Center Business Center, Budapest, HUN, 1097
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.

CIG Pannonia Life Insurance OJSC (BUD:CIGPANNONIA) Headlines

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