AMIGF (Admiral Group) Cash-to-Debt : 0.29 (As of Jun. 2024)

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What is Admiral 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. Admiral Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.29.

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, Admiral Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

AMIGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.75 Max: 2.22
Current: 0.29

During the past 13 years, Admiral Group's highest Cash to Debt Ratio was 2.22. The lowest was 0.25. And the median was 0.75.

AMIGF's Cash-to-Debt is ranked worse than
88.2% of 483 companies
in the Insurance industry
Industry Median: 1.74 vs AMIGF: 0.29

Admiral Group Cash-to-Debt Historical Data

The historical data trend for Admiral 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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Admiral Group Cash-to-Debt Chart

Admiral Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.42

0.49

0.48

0.25

0.26

Admiral Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.52	0.25	0.36	0.26	0.29

Competitive Comparison of Admiral Group's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Admiral 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.

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

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

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

Admiral 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.

Admiral 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)
	=	397.722	/	(0	+	1532.911)
	=	0.26

Admiral Group's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	462.595	/	(0	+	1624.682)
	=	0.28

Admiral Group (OTCPK:AMIGF) 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.

Admiral Group Cash-to-Debt Related Terms

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Admiral Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Admiral Group PLC (OTCPK:AMIGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AMIGY:USA ADMl:UK ADM:UK FLN:Germany

Address

David Street, Ty Admiral, Cardiff, GBR, CF10 2EH

Website

https://www.admiralgroup.co.uk

Admiral is a personal lines insurer that operates predominantly in the United Kingdom. The business is primarily a motor insurer with UK and European auto insurance accounting for the majority of gross premium. The business also has a nascent but growing UK home insurance offering. Admiral was established in 1993 to sell motor insurance to nonstandard risks. These nonstandard policyholders included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years the company has continued to expand its perimeter of nonstandard risks.