Midwest Holding (Midwest Holding) Cash-to-Debt : 7.91 (As of Sep. 2023)

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What is Midwest Holding 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. Midwest Holding's cash to debt ratio for the quarter that ended in Sep. 2023 was 7.91.

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, Midwest Holding could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

MDWT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 6.35 Max: 382.45
Current: 7.91

During the past 13 years, Midwest Holding's highest Cash to Debt Ratio was 382.45. The lowest was 0.15. And the median was 6.35.

MDWT's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.87 vs MDWT: 7.91

Midwest Holding Cash-to-Debt Historical Data

The historical data trend for Midwest Holding'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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Midwest Holding Cash-to-Debt Chart

Midwest Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.15

83.11

382.06

60.07

7.66

Midwest Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															95.19	7.66	6.80	7.77	7.91

Competitive Comparison of Midwest Holding's Cash-to-Debt

For the Insurance - Life subindustry, Midwest Holding'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.

Midwest Holding's Cash-to-Debt Distribution in the Insurance Industry

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

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

Midwest Holding 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.

Midwest Holding's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	191.414	/	(0	+	25)
	=	7.66

Midwest Holding's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	197.804	/	(0	+	25)
	=	7.91

Midwest Holding (NAS:MDWT) 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.

Midwest Holding Cash-to-Debt Related Terms

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

Midwest Holding (Midwest Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Midwest Holding Inc (NAS:MDWT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2900 South 70th Street, Suite 400, Lincoln, NE, USA, 68506

Website

https://www.midwestholding.com

Midwest Holding Inc is a financial service holding company. The company is engaged in the underwriting and marketing of life insurance products through American Life. Its product offerings consist of a multi-benefit life insurance policy that combines cash value life insurance with a tax-deferred annuity and a single premium term life product. These product offerings are underwritten, marketed, and managed as a group of similar products on an overall portfolio basis. Geographically, the activities are carried out throughout the region of the United States.

Executives

Knott David M Jr	10 percent owner	DORSET MANAGEMENT CORPORATION, 485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Diane C. Davis	director	201 WELLS AVENUE SOUTH, RENTON WA 98057
Nancy Lyons Callahan	director	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Kevin Martin Sheehan	director	115 PINE BROOK ROAD, BEDFORD NY 10506
Knott Partners Lp	10 percent owner	485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Eoin Elliffe	officer: Chief Risk Officer	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Daniel Scott Maloney	officer: EVP-Accounting & Finance (PAO)	5250 S. SIXTH ST, C/O UNITED TRUST GROUP, SPRINGIELD IL 62703
Yadin Rozov	director	9 TERRACE CIRCLE, ARMONK NY 10504
Eric N. Berg	officer: Chief Financial Officer	2900 SOUTH 70TH STREET, SUITE 400, L NE 68506
Michael W. Minnich	director, 10 percent owner, officer: Co-Chief Executive Officer	7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003
Jack Theeler	director	8101 O STREET, SUITE S111, LINCOLN NE 68510
Georgette C. Nicholas	officer: President & CFO	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Stephen Alan Mace	officer: General Counsel	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Debra Havranek	officer: VP & CFO	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Michael Minnich	director, 10 percent owner, officer: Executive Chairman	7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003