ICC Holdings (FRA:4EH) Cash-to-Debt : 0.47 (As of Mar. 2024)

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What is ICC 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. ICC Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.47.

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, ICC Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:4EH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.56 Max: 6.24
Current: 0.47

During the past 10 years, ICC Holdings's highest Cash to Debt Ratio was 6.24. The lowest was 0.10. And the median was 0.56.

FRA:4EH's Cash-to-Debt is ranked worse than
79.08% of 478 companies
in the Insurance industry
Industry Median: 1.87 vs FRA:4EH: 0.47

ICC Holdings Cash-to-Debt Historical Data

The historical data trend for ICC 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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ICC Holdings Cash-to-Debt Chart

ICC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.91

0.49

0.25

0.21

0.10

ICC Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.24	0.18	0.10	0.47

Competitive Comparison of ICC Holdings's Cash-to-Debt

For the Insurance - Specialty subindustry, ICC 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.

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

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

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

ICC 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.

ICC 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)
	=	1.355	/	(0	+	13.755)
	=	0.10

ICC Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	6.465	/	(0	+	13.8)
	=	0.47

ICC Holdings (FRA:4EH) 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.

ICC Holdings Cash-to-Debt Related Terms

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ICC Holdings (FRA:4EH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICC Holdings Inc (FRA:4EH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ICCH:USA

Address

225 20th Street, Rock Island, IL, USA, 61201

Website

https://ir.iccholdingsinc.com

ICC Holdings Inc is a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, worker's compensation, and umbrella liability coverages for the food and beverage industry. The company markets its products through a network of independent agents in Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Pennsylvania, Ohio, and Wisconsin.

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