SPFX (Standard Premium Finance Holdings) Cash-to-Debt : 0.00 (As of Sep. 2024)

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What is Standard Premium Finance 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. Standard Premium Finance Holdings's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.00.

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, Standard Premium Finance Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

During the past 5 years, Standard Premium Finance Holdings's highest Cash to Debt Ratio was 0.01. The lowest was 0.00. And the median was 0.00.

SPFX's Cash-to-Debt is not ranked ^*
in the Credit Services industry.
Industry Median: 0.22
* Ranked among companies with meaningful Cash-to-Debt only.

Standard Premium Finance Holdings Cash-to-Debt Historical Data

The historical data trend for Standard Premium Finance 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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Standard Premium Finance Holdings Cash-to-Debt Chart

Standard Premium Finance Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.01

Standard Premium Finance Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Standard Premium Finance Holdings's Cash-to-Debt

For the Credit Services subindustry, Standard Premium Finance 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.

Standard Premium Finance Holdings's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Standard Premium Finance Holdings's Cash-to-Debt distribution charts can be found below:

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

Standard Premium Finance 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.

Standard Premium Finance 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)
	=	0.045	/	(45.191	+	6.551)
	=	0.00

Standard Premium Finance Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.002	/	(47.725	+	8.823)
	=	0.00

Standard Premium Finance Holdings (OTCPK:SPFX) 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.

Standard Premium Finance Holdings Cash-to-Debt Related Terms

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

Standard Premium Finance Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Standard Premium Finance Holdings Inc (OTCPK:SPFX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

13590 SW 134th Avenue, Suite 214, Miami, FL, USA, 33186

Website

https://www.standardpremium.com

Standard Premium Finance Holdings Inc is a specialized finance company that makes collateralized loans to businesses and individuals to finance the insurance premiums to pay on their commercial property and casualty insurance policies. The company operates in the states of Arizona, Colorado, Florida, Georgia, Maryland, North Carolina, Pennsylvania, South Carolina, Texas, and Virginia. The company originate loans mainly in Florida, although it operates in several states. It generates the majority of its revenue through interest income and the associated fees earned from loan products.

Executives

Brian Krogol	director, officer: CFO	13590 SW 134TH AVE #214, MIAMI FL 33186
Carl Christian Hoechner	director	13590 SW 134TH AVE #214, MIAMI FL 33186
John Leavitt	director	13590 SW 134TH AVE #214, MIAMI FL 33186
William Koppelmann	director, 10 percent owner, officer: CEO	13590 SW 134TH AVE #214, MIAMI FL 33186
Margaret Ruiz	officer: Corporate Secretary	13590 SW 134TH AVE #214, MIAMI FL 33186
Victor Galliano	officer: VP of Marketing	13590 SW 134TH AVE #214, MIAMI FL 33186
Robert Mattucci	officer: VP of Sales	13590 SW 134TH AVE #214, MIAMI FL 33186
Ramon Mejido	officer: VP of Technology	13590 SW 134TH AVE #214, MIAMI FL 33186
Samuel Konig	director, officer: Executive Vice President	19707 TURNBERRY WAY, APT 27C, AVENTURA FL 33180
Bobby Story	director, officer: Chief Financial Officer	14000 MILITARY TRAIL, SUITE 104, DELRAY BEACH FL 33484
Mark Eliot Kutner	director	13590 SW 134TH AVE #214, MIAMI FL 33186
Scott Howell	director	13590 SW 134TH AVE #214, MIAMI FL 33186
Christopher Perrucci	director	13590 SW 134TH AVE #214, MIAMI FL 33186
James Albert Wall	director	13590 SW 134TH AVE #214, MIAMI FL 33186

Standard Premium Finance Holdings Headlines

From GuruFocus

Standard Premium Finance Holdings, Inc. Announces Third Quarter 2024 Financial Results

By Marketwired • 11-20-2024