PSC Insurance Group (ASX:PSI) Cash-to-Debt : 1.45 (As of Dec. 2023)

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What is PSC Insurance 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. PSC Insurance Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.45.

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, PSC Insurance 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 PSC Insurance Group's Cash-to-Debt or its related term are showing as below:

ASX:PSI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 1.61 Max: 25.63
Current: 1.45

During the past 8 years, PSC Insurance Group's highest Cash to Debt Ratio was 25.63. The lowest was 0.15. And the median was 1.61.

ASX:PSI's Cash-to-Debt is ranked worse than
55.01% of 489 companies
in the Insurance industry
Industry Median: 1.88 vs ASX:PSI: 1.45

PSC Insurance Group Cash-to-Debt Historical Data

The historical data trend for PSC Insurance 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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PSC Insurance Group Cash-to-Debt Chart

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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2.33

0.15

0.24

0.51

0.31

PSC Insurance Group Semi-Annual Data
	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												1.44	0.51	1.42	0.31	1.45

Competitive Comparison of PSC Insurance Group's Cash-to-Debt

For the Insurance Brokers subindustry, PSC Insurance 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.

PSC Insurance Group's Cash-to-Debt Distribution in the Insurance Industry

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

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

PSC Insurance Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

PSC Insurance Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	73.794	/	(6.191	+	229.543)
	=	0.31

PSC Insurance Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	334.829	/	(6.694	+	225.073)
	=	1.44

PSC Insurance Group (ASX:PSI) 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.

PSC Insurance Group Cash-to-Debt Related Terms

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

PSC Insurance Group (ASX:PSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PSC Insurance Group Ltd (ASX:PSI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the U.K. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The U.K. business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.