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National Interstate (National Interstate) Cash-to-Debt : 4.78 (As of Sep. 2016)


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What is National Interstate 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 Interstate's cash to debt ratio for the quarter that ended in Sep. 2016 was 4.78.

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, National Interstate could pay off its debt using the cash in hand for the quarter that ended in Sep. 2016.

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

NATL's Cash-to-Debt is not ranked *
in the Insurance industry.
Industry Median: 1.84
* Ranked among companies with meaningful Cash-to-Debt only.

National Interstate Cash-to-Debt Historical Data

The historical data trend for National Interstate'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.

* Premium members only.

National Interstate Cash-to-Debt Chart

National Interstate Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 3.50 2.97 4.47 6.00

National Interstate Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.81 6.00 4.20 6.06 4.78

Competitive Comparison of National Interstate's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, National Interstate'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 Interstate's Cash-to-Debt Distribution in the Insurance Industry

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

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


National Interstate 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 Interstate'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)
=71.944 / (0 + 12)
=6.00

National Interstate's Cash to Debt Ratio for the quarter that ended in Sep. 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)
=85.998 / (0 + 18)
=4.78

* 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.

National Interstate  (NAS:NATL) 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 Interstate Cash-to-Debt Related Terms

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

National Interstate (National Interstate) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National Interstate Corp (NAS:NATL) » Definitions » Cash-to-Debt
Comparable Companies
TSE:8715 XKRX:000400 UIHC EMCI BKK:AYUD BKK:TIP LSE:REDD TPE:2850 DGICA HRTG GBLI NODK HCI SG HALL HSTC:PVI UVE SGX:U13 ISX:ABDA XKRX:000370
Traded in Other Exchanges
N/A
Address
Website
http://www.nationalinterstate.com
National Interstate Corp was founded in 1989. The Company, together with its subsidiaries operates as an insurance holding company group that underwrites and sells traditional and alternative property and casualty insurance products to the passenger transportation, trucking and moving and storage industries, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles throughout the United States. It is a specialty property and casualty insurance company with a niche orientation and a focus on the transportation industry. It offers over 40 product lines in the specialty property and casualty insurance market, which it groups into four general business components, alternative risk transfer, transportation, specialty personal lines and Hawaii and Alaska based on the class of business, insureds' risk participation or geographic location. Alternative risk transfer underwrites, markets and distributes truck transportation, passenger transportation and moving and storage ART insurance products, also known as captives. Transportation underwrites commercial auto liability, general liability, physical damage, workers' compensation and motor truck cargo and related coverages for truck and passenger operators. Specialty personal lines offer coverage for campsite liability, vehicle replacement coverage and coverage for trailers, golf carts and campsite storage facilities. The Company offers its products through multiple distribution channels including independent agents and brokers, program administrators, affiliated agencies and agent internet initiatives. The Company competes with Lancer Insurance Company, RLI Corporation, Great West Casualty Company, Northland Insurance Company, Sentry Insurance, Progressive Corporation and National General Insurance, Liberty Mutual Insurance Company, First Insurance, Dongbu Insurance Company, DTRIC Insurance Company, Zurich Insurance Company, American International Group, Inc., Travelers Company, Inc.
Executives
Norman L Rosenthal director C/O ARTHUR J. GALLAGHER & CO., TWO PIERCE PLACE, ITASCA IL 60143
David W Michelson director 111 CONGRESSIONAL BLVD., SUITE 500, CARMEL IN 46032
Joseph E Consolino director 3250 INTERSTATE DRIVE, RICHFIELD OH 44286
Keith A Jensen director
Elliott Theodore H Jr director ION GEOPHYSICAL CORPORATION 2101 CITYWEST, BLDG 3, SUITE 400 HOUSTON TX 77042
Vito C Peraino director 301 EAST FOURTH STREET, CINCINNATI OH 45202
American Financial Group Inc 10 percent owner GREAT AMERICAN INSURANCE GROUP TOWER, 301 E. 4TH STREET, CINCINNATI OH 45202