AHLPE.PFD (Aspen Insurance Holdings) Cash-to-Debt : 3.28 (As of Sep. 2024)

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What is Aspen Insurance Holdings 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. Aspen Insurance Holdings's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.28.

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, Aspen Insurance Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

AHLpE.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.59 Med: 2.42 Max: 4.44
Current: 2.71

During the past 13 years, Aspen Insurance Holdings's highest Cash to Debt Ratio was 4.44. The lowest was 1.59. And the median was 2.42.

AHLpE.PFD's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.735 vs AHLpE.PFD: 2.71

Aspen Insurance Holdings Cash-to-Debt Historical Data

The historical data trend for Aspen Insurance Holdings'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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Aspen Insurance Holdings Cash-to-Debt Chart

Aspen Insurance Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.50

4.31

3.17

2.43

2.66

Aspen Insurance Holdings Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															2.71	3.30	2.66	2.42	3.28

Competitive Comparison of Aspen Insurance Holdings's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Aspen Insurance Holdings'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.

Aspen Insurance Holdings's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Aspen Insurance Holdings's Cash-to-Debt falls into.

Aspen Insurance Holdings 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.

Aspen Insurance Holdings'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)
	=	1028.1	/	(0	+	386.1)
	=	2.66

Aspen Insurance Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	1244.9	/	(0	+	379.6)
	=	3.28

Aspen Insurance Holdings (NYSE:AHLpE.PFD) 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.

Aspen Insurance Holdings Cash-to-Debt Related Terms

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Aspen Insurance Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aspen Insurance Holdings Ltd (NYSE:AHLpE.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AHLpD.PFD:USA AHLpC.PFD:USA

Address

141 Front Street, Hamilton, BMU, HM19

Website

https://www.aspen.co

Aspen Insurance Holdings Ltd is a Bermudian insurance and reinsurance company. Its principal business is marketing and underwriting specialty insurance and reinsurance regularly. It comprises underwriting operations, which include risk-bearing insurance and reinsurance operations; Investing activities, which support underwriting operations; and ACM operations, which earn underwriting, management, and performance fees. It has two segments: Aspen Insurance and Aspen Reinsurance. Aspen Insurance consists of property and casualty insurance, marine, aviation, and energy insurance, and financial and professional lines insurance. Aspen Reinsurance comprises property catastrophe reinsurance, other property reinsurance, casualty reinsurance, and specialty reinsurance.