Lancashire Holdings (FRA:LNH) Cash-to-Debt : 1.49 (As of Jun. 2024)

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What is Lancashire 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. Lancashire Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.49.

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, Lancashire Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

FRA:LNH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 0.93 Max: 1.61
Current: 1.49

During the past 13 years, Lancashire Holdings's highest Cash to Debt Ratio was 1.61. The lowest was 0.48. And the median was 0.93.

FRA:LNH's Cash-to-Debt is ranked worse than
54.36% of 482 companies
in the Insurance industry
Industry Median: 1.735 vs FRA:LNH: 1.49

Lancashire Holdings Cash-to-Debt Historical Data

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

Lancashire Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.93

0.90

1.11

1.17

1.61

Lancashire Holdings 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															0.85	1.17	1.32	1.61	1.49

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

For the Insurance - Specialty subindustry, Lancashire 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.

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

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

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

Lancashire 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.

Lancashire 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)
	=	694.077	/	(2.934	+	429.248)
	=	1.61

Lancashire Holdings'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)
	=	648.628	/	(0	+	436.909)
	=	1.48

Lancashire Holdings (FRA:LNH) 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.

Lancashire Holdings Cash-to-Debt Related Terms

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

Lancashire Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lancashire Holdings Ltd (FRA:LNH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LCSHF:USA LREl:UK LRE:UK

Address

7 Par-la-Ville Road, Power House, Hamilton, BMU, HM 11

Website

https://www.lancashiregroup.com

Lancashire Holdings Ltd is a specialty insurer and reinsurer. More than two-thirds of the premiums it receives are for insurance and reinsurance contracts that cover the United States and Canada or offshore areas throughout the world. Property insurance and reinsurance premiums provide the largest portion of the company's revenue. The company also provides insurance in the energy, marine, and aviation segments. More than a third of the company's premiums come through the company's Cathedral platform, which consists of two syndicates within Lloyd's market.

Lancashire Holdings Headlines

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