National Security Group (National Security Group) Cash-to-Debt : 0.98 (As of Mar. 2022)

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What is National Security 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. National Security Group's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.98.

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, National Security Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

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

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

National Security Group Cash-to-Debt Historical Data

The historical data trend for National Security 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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National Security Group Cash-to-Debt Chart

National Security Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.43

0.40

0.83

1.45

0.76

National Security Group Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Cash-to-Debt	Get a 7-Day Free Trial															1.26	0.81	0.68	0.76	0.98

Competitive Comparison of National Security Group's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, National Security 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.

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

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

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

National Security Group 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.

National Security Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	10.034	/	(0.5	+	12.69)
	=	0.76

National Security Group's Cash to Debt Ratio for the quarter that ended in Mar. 2022 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)
	=	12.941	/	(0.5	+	12.693)
	=	0.98

National Security Group (NAS:NSEC) 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.

National Security Group Cash-to-Debt Related Terms

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

National Security Group (National Security Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National Security Group Inc (NAS:NSEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

661 East Davis Street, P.O. Box 703, Elba, AL, USA, 36323

Website

https://www.nationalsecuritygroup.com

National Security Group Inc is an insurance holding company. The company operates through two segments namely Property and casualty insurance, and Life insurance. Its Property and casualty segment primarily write personal lines dwelling coverage including dwelling fire and windstorm, homeowners and mobile homeowners lines of insurance and the company's Life insurance segment offers a basic line of life and health and accident insurance products in around seven states. Geographically, it operates in the region of the United States and derives most of the revenue from the Property and casualty insurance segment.

Executives

Fred Jr Clark	director	661 EAST DAVIS ELBA AL 36323
Andrew J. Abernathey	10 percent owner	3523 45TH STREET SOUTH SUITE 100 FARGO ND 58104
Brian R Mcleod	officer: Chief Financial Officer	661 EAST DAVIS ELBA AL 36323
Donald S Pittman	director	661 EAST DAVIS ELBA AL 36323
Charles B Arnold	director	2161 MILL GARDEN RUN BUFORD GA 30519
Elizabeth B Crawford	director	4100 CRESCENT ROAD BIRMINGHAM AL 35222
Carolyn E Brunson	10 percent owner	661 EAST DAVIS ELBA AL 36323
Meridian Investments, Llc	10 percent owner	819 30TH AVENUE SOUTH SUITE 206A MOORHEAD MN 56560
Brunson William L Jr	officer: Chief Executive Officer	661 EAST DAVIS ELBA AL 36323
Paul C Wesch	director	661 EAST DAVIS ELBA AL 36323
L Brunson White	director	661 EAST DAVIS ELBA AL 36323
Drayton Jr Nabers	director	605 RICHARD ARRINGTON JR BLVD N, BIRMINGHAM AL 35203-2707
O Neil Frank B	director
J R Brunson	director	661 EAST DAVIS ELBA AL 36323
Fleming G Brooks	director