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Metromile (Metromile) Cash-to-Debt : No Debt (1) (As of Mar. 2022)


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What is Metromile 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. Metromile's cash to debt ratio for the quarter that ended in Mar. 2022 was No Debt (1).

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, Metromile could pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.

(1) 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.

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

MILE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37   Med: No Debt   Max: No Debt
Current: No Debt

During the past 2 years, Metromile's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was No Debt.

MILE's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.87 vs MILE: No Debt

Metromile Cash-to-Debt Historical Data

The historical data trend for Metromile'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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Metromile Cash-to-Debt Chart

Metromile Annual Data
Trend Dec20 Dec21
Cash-to-Debt
0.37 No Debt

Metromile Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Metromile's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Metromile'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.


Metromile's Cash-to-Debt Distribution in the Insurance Industry

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

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



Metromile 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.

Metromile's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Metromile had no debt (1).

Metromile's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:

Metromile had no debt (1).

* 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.


Metromile  (NAS:MILE) 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.


Metromile Cash-to-Debt Related Terms

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


Metromile (Metromile) Business Description

Traded in Other Exchanges
N/A
Address
425 Market Street, Suite 700, San Francisco, CA, USA, 94105
Metromile Inc is a digital insurance platform in the United States. It offers real-time, personalized auto insurance policies by the mile. Metromile's digitally native offering is built around the modern driver's needs, featuring automated claims, complimentary smart driving features and annual average savings of 47% over what they were paying their previous auto insurer.
Executives
David A Friedberg director 800 N. LINDBERGH BLVD., ST. LOUIS MO 63167
Sandra Marie Clarke director 53 HIDDEN OAKS DRIVE LAFAYETTE CA 94549
John Miles Butler director 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Regi Vengalil officer: Chief Financial Officer 411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Mark Gundacker officer: Chief People Officer C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Paw Andersen officer: Chief Technology Officer C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Dan Preston director, officer: Chief Executive Officer C/O METROMILE, INC., 425 MARKET STREET, SUITE 700, SAN FRANCISCO CA 94105
Jesse Mckendry officer: VP, Insurance C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Lindsay Alexovich officer: Chief Accounting Officer C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Bryant Colin director 2855 SAND HILL ROAD MENLO PARK CA 94025
Vikas Singhal director 2187 ATLANTIC STREET, FOURTH FLOOR, STAMFORD CT 06902
Ryan Graves director C/O ICONIQ CAPITAL, 15 E. 26TH STREET, SUITE 602, NEW YORK NY 10010
Betsy Z Cohen director
Dioptra Advisors Ii, Llc 10 percent owner 2929 ARCH STREET STE 1703 PHILADELPHIA PA 19104
Insurance Acquisition Sponsor Ii, Llc 10 percent owner 2929 ARCH STREET STE 1703 PHILADELPHIA PA 19104