Go Digit General Insurance Ltd - Asset Resilience Ratio
Go Digit General Insurance Ltd (GODIGIT) has an Asset Resilience Ratio of 3.67% as of December 2023. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Read GODIGIT liabilities breakdown for a breakdown of total debt and financial obligations.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2021–2023)
This chart shows how Go Digit General Insurance Ltd's Asset Resilience Ratio has changed over time. See Go Digit General Insurance Ltd book value and equity for net asset value and shareholders' equity analysis.
Liquid Assets Composition Over Time
This chart breaks down Go Digit General Insurance Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For market capitalisation and broader financial context, see Go Digit General Insurance Ltd stock valuation.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Rs0.00 | 0% |
| Short-term Investments | Rs6.16 Billion | 3.67% |
| Total Liquid Assets | Rs6.16 Billion | 3.67% |
Asset Resilience Insights
- Limited Liquidity: Go Digit General Insurance Ltd maintains only 3.67% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Go Digit General Insurance Ltd Industry Peers by Asset Resilience Ratio
Compare Go Digit General Insurance Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
W. R. Berkley Corp
NYSE:WRB |
Insurance - Property & Casualty | 62.50% |
|
PICC Property and Casualty Company Limited
F:PJC |
Insurance - Property & Casualty | 33.66% |
|
Definity Financial Corp
TO:DFY |
Insurance - Property & Casualty | 2.29% |
|
Lotte Non-Life
KO:000400 |
Insurance - Property & Casualty | 46.65% |
|
QBE Insurance Group Ltd
AU:QBE |
Insurance - Property & Casualty | 3.80% |
|
Suncorp Group Ltd
AU:SUNPH |
Insurance - Property & Casualty | 69.36% |
|
Suncorp Group Ltd
AU:SUN |
Insurance - Property & Casualty | 3.36% |
|
Insurance Australia Group Ltd
AU:IAG |
Insurance - Property & Casualty | 2.07% |
Annual Asset Resilience Ratio for Go Digit General Insurance Ltd (2021–2023)
The table below shows the annual Asset Resilience Ratio data for Go Digit General Insurance Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-03-31 | 8.96% | Rs12.90 Billion ≈ $139.54 Million |
Rs143.95 Billion ≈ $1.56 Billion |
-16.08pp |
| 2022-03-31 | 25.05% | Rs27.52 Billion ≈ $297.67 Million |
Rs109.89 Billion ≈ $1.19 Billion |
+7.04pp |
| 2021-03-31 | 18.01% | Rs11.97 Billion ≈ $129.50 Million |
Rs66.49 Billion ≈ $719.08 Million |
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About Go Digit General Insurance Ltd
Go Digit General Insurance Limited provides various insurance services in India. The company offers motor insurance solutions covering cars, bikes, OD for cars, rickshaw, taxi/cabs, and trucks; health insurance solutions, including health, OPD health insurance, super top-up, Arogya Sanjeevani policy, port health policy, and employee health; business products comprising D&O, erection all risk, con… Read more