American Independence (American Independence) Cash-to-Debt : 3.86 (As of Jun. 2016)

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What is American Independence 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. American Independence's cash to debt ratio for the quarter that ended in Jun. 2016 was 3.86.

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, American Independence could pay off its debt using the cash in hand for the quarter that ended in Jun. 2016.

The historical rank and industry rank for American Independence's Cash-to-Debt or its related term are showing as below:

AMIC's Cash-to-Debt is not ranked ^*
in the Insurance industry.
Industry Median: 1.83
* Ranked among companies with meaningful Cash-to-Debt only.

American Independence Cash-to-Debt Historical Data

The historical data trend for American Independence'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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American Independence Cash-to-Debt Chart

American Independence Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash-to-Debt

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No Debt

1.81

American Independence Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Cash-to-Debt	Get a 7-Day Free Trial															1.36	1.96	1.81	59.74	3.86

Competitive Comparison of American Independence's Cash-to-Debt

For the Insurance - Life subindustry, American Independence'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.

American Independence's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where American Independence's Cash-to-Debt falls into.

American Independence 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.

American Independence's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 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)
	=	5.765	/	(0	+	3.189)
	=	1.81

American Independence's Cash to Debt Ratio for the quarter that ended in Jun. 2016 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)
	=	7.824	/	(0	+	2.025)
	=	3.86

American Independence (NAS:AMIC) 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.

American Independence Cash-to-Debt Related Terms

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American Independence (American Independence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Independence Corp (NAS:AMIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.americanindependencecorp.com

American Independence Corp is a Delaware corporation. The Company is an insurance holding Company, which provides specialized health coverage and related services to commercial customers and individuals. The Company focuses on niche health products and/or narrowly defined distribution channels in the United States. It's wholly owned subsidiary, Independence American Insurance Company, markets its products through IHC Risk Solutions, LLC, IHC Specialty Benefits, Inc., and IPA Family, LLC, which are subsidiaries of AMIC, and through independent brokers, producers and agents. Independence American is licensed to write property and/or casualty insurance in all 50 states and the District of Columbia, and has an A- (Excellent) rating from A.M. Best Company, Inc. Risk Solutions is a full-service direct writer of medical stop-loss insurance for self-insured employer groups. Risk Solutions has offices near Hartford, Connecticut and Philadelphia, Pennsylvania, and markets and underwrites employer medical stop-loss and group life mainly for Standard Security Life Insurance Company of New York. It also writes, to a much lesser extent, for three other carriers, including Madison National Life Insurance Company, Inc. and Independence American. Independence Holding Company and its subsidiaries including, among others, Standard Security Life and Madison National Life are collectively referred to as "IHC". Independence American writes group important medical, medical stop-loss, crucial medical plans for individuals and families, short-term medical, and dental, and began writing pet insurance in 2012.Independence American competes with many larger insurance and reinsurance companies and managed care organizations. Risk Solutions competes with many other managing general underwriters, insurance companies, and MCOs. AMIC is an insurance holding company; as such, AMIC and its subsidiaries are subject to regulation and supervision by multiple state insurance regulators, including the Office of the Insurance Commissioner of the State of Delaware.

Executives

Teresa A Herbert	director, officer: CFO & SVP	96 CUMMINGS POINT RD, STAMFORD CT 06902
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Thung Roy T K	director, officer: CEO	96 CUMMINGS POINT RD STAMFORD CT 06902
James G Tatum	director	96 CUMMINGS POINT RD STAMFORD CT 06902
David T Kettig	director, officer: President	96 CUMMINGS POINT RD STAMFORD CT 06902
Steven B Lapin	director	96 CUMMINGS POINT RD STAMFORD CT 06902
Brian Schlier	officer: Corporate Vice President - Tax	96 CUMMINGS POINT RD STAMFORD CT 06902
Gary Balzofiore	officer: Corporate Vice President	485 MADISON AVENUE, NEW YORK NY 10022
Jeffrey C Smedsrud	officer: Senior Vice President	8009 34TH AVENUE SOUTH #360 BLOOMINGTON MN 55420
Erickson Bernon Reneld Jr	officer: Chief Health Actuary and SVP	INDEPENDENCE HOLDING COMPANY 485 MADISON AVENUE, 14TH FLOOR NEW YORK NY 10022
Scott Michael Wood	officer: Senior Vice President	2101 W. PEORIA AVE, SUITE 100 PHOENIX AZ 85029
Paul R Janerico	officer: VP - Internal Audit	96 CUMMINGS POINT RD STAMFORD CT 06902
Henry B Spencer	officer: VP - Investments	96 CUMMINGS POINT ROAD STAMFORD CT 06902
Roy L Standfest	officer: V.P.& Chief Investment Officer	96 CUMMINGS POINT RD STAMFORD CT 06902

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