Swiss Life Holding AG (XSWX:SLHN) Cash-to-Debt : 0.62 (As of Dec. 2023)

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What is Swiss Life Holding AG 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. Swiss Life Holding AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.62.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Swiss Life Holding AG couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Swiss Life Holding AG's Cash-to-Debt or its related term are showing as below:

XSWX:SLHN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.61 Med: 1.21 Max: 1.76
Current: 0.62

During the past 13 years, Swiss Life Holding AG's highest Cash to Debt Ratio was 1.76. The lowest was 0.61. And the median was 1.21.

XSWX:SLHN's Cash-to-Debt is ranked worse than
73.24% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs XSWX:SLHN: 0.62

Swiss Life Holding AG Cash-to-Debt Historical Data

The historical data trend for Swiss Life Holding AG'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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Swiss Life Holding AG Cash-to-Debt Chart

Swiss Life Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.17

0.95

1.76

0.61

0.62

Swiss Life Holding AG 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															1.76	0.62	0.61	0.48	0.62

Competitive Comparison of Swiss Life Holding AG's Cash-to-Debt

For the Insurance - Diversified subindustry, Swiss Life Holding AG'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.

Swiss Life Holding AG's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Swiss Life Holding AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Swiss Life Holding AG's Cash-to-Debt falls into.

Swiss Life Holding AG 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.

Swiss Life Holding AG'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)
	=	5888	/	(0	+	9493)
	=	0.62

Swiss Life Holding AG'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)
	=	5888	/	(0	+	9493)
	=	0.62

Swiss Life Holding AG (XSWX:SLHN) 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.

Swiss Life Holding AG Cash-to-Debt Related Terms

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

Swiss Life Holding AG (XSWX:SLHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Swiss Life Holding AG (XSWX:SLHN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SZLMY:USA SWSDF:USA SLHNz:UK 0QMG:UK SLW1:Germany SLHNE:Switzerland

Address

General-Guisan-Quai 40, P.O. Box 2831, Zurich, CHE, CH-8022

Website

https://www.swisslife.com

Swiss Life is predominantly a life and long-term savings company that generates the main share of its revenue and earnings from its domestic market of Switzerland. The company also operates in France, Germany, and a few smaller, but wealthy European markets. The company also has an asset manager. Swiss Life has three main sources of income that vary in importance by geography. Savings income relates to spread-based earnings, the risk result relates to an insurance margin, and the fee result relates to asset management and its financial advisor network. The fee result has been growing in importance over recent years as a result of advice, unit-linked sales, and third-party asset management.

Swiss Life Holding AG (XSWX:SLHN) Headlines

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