United Fire Group (United Fire Group) Cash-to-Debt : 2.04 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is United Fire 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. United Fire Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.04.

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, United Fire Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

UFCS' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.76 Med: No Debt Max: No Debt
Current: 2.04

During the past 13 years, United Fire Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.76. And the median was No Debt.

UFCS's Cash-to-Debt is ranked better than
51.66% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs UFCS: 2.04

United Fire Group Cash-to-Debt Historical Data

The historical data trend for United Fire 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.

* Premium members only.

United Fire Group Cash-to-Debt Chart

United Fire Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.76

2.64

1.93

2.04

United Fire Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.93	1.07	1.59	1.38	2.04

Competitive Comparison of United Fire Group's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, United Fire 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.

United Fire Group's Cash-to-Debt Distribution in the Insurance Industry

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

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

United Fire 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.

United Fire Group'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)
	=	102.046	/	(0	+	50)
	=	2.04

United Fire Group'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)
	=	102.046	/	(0	+	50)
	=	2.04

United Fire Group (NAS:UFCS) 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.

United Fire Group Cash-to-Debt Related Terms

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

United Fire Group (United Fire Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » United Fire Group Inc (NAS:UFCS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Second Avenue SE, Cedar Rapids, IA, USA, 52401

Website

https://www.ufginsurance.com

United Fire Group Inc is engaged in the business of writing property and casualty insurance and selling annuities through a network of independent agencies. The company's only operating segment is property and casualty insurance, which includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The primary source of revenue is premiums and investment income.

Executives

Robert Francis Cataldo	officer: VP & Strategy Officer	118 SECOND AVENUE SE, CEDAR RAPIDS IA 52401
Micah G Woolstenhulme	officer: VP	118 2ND AVE SE, CEDAR RAPIDS IA 52401
George D Milligan	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Christopher R Drahozal	director	2001 RIVIERA COURT, LAWRENCE KS 66047-1999
Julie A Stephenson	officer: Executive VP & COO	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Eric J Martin	officer: Chief Financial Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52407
Mark A. Green	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Kevin James Leidwinger	director, officer: Director, CEO	151 N. FRANKLIN, CHICAGO IL 60606
Sarah E Madsen	officer: Chief Legal Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Jeremy Bahl	officer: VP & Chief UW Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Kyle D. Skogman	director	411 FIRST AVENUE SE, CEDAR RAPIDS IA 52401
Lura E Mcbride	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Mary K. Quass	director	2875 MT. VERNON RD SE, CEDAR RAPIDS IA 52403
James Noyce	director	5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Matthew R Foran	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401