Syncora Holdings (Syncora Holdings) Cash-to-Debt : 0.61 (As of Mar. 2019)

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What is Syncora 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. Syncora Holdings's cash to debt ratio for the quarter that ended in Mar. 2019 was 0.61.

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, Syncora Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2019.

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

SYCRF's Cash-to-Debt is not ranked ^*
in the Insurance industry.
Industry Median: 1.86
* Ranked among companies with meaningful Cash-to-Debt only.

Syncora Holdings Cash-to-Debt Historical Data

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

Syncora Holdings Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash-to-Debt

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0.44

0.67

0.42

0.73

1.44

Syncora Holdings Quarterly Data
	Dec12	Dec13	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Cash-to-Debt	Get a 7-Day Free Trial															1.52	0.43	0.96	1.44	0.61

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

For the Insurance - Specialty subindustry, Syncora 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.

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

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

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

Syncora 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.

Syncora Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2018 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)
	=	150.388	/	(0	+	104.206)
	=	1.44

Syncora Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 2019 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)
	=	65.557	/	(0	+	107.441)
	=	0.61

Syncora Holdings (OTCPK:SYCRF) 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.

Syncora Holdings Cash-to-Debt Related Terms

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Syncora Holdings (Syncora Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Syncora Holdings Ltd (OTCPK:SYCRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canon's Court, Hamilton, BMU, HM 12

Website

https://www.scafg.com

Syncora Holdings Ltd is a Bermuda holding company that provides through its wholly-owned subsidiaries, financial guarantee insurance and reinsurance. It has one reportable operating business segment, Financial Guarantee Insurance. The financial guarantee business segment is conducted through its operating subsidiaries, SGI and SCAI.

Executives

Duncan P Hennes	director	SYNCORA HOLDINGS LTD, A S COOPER BLDG, 26 REID STREET, HAMILTON D0 HM11
Edward J Muhl	director	UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Xl Insurance (bermuda) Ltd	10 percent owner	XL HOUSE, ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
Mary R Hennessy	director	651 CLINTON AVE, HADDONFIELD NJ 08033
Claude Leblanc	officer: Executive Vice President	ONE BERMUDIANA ROAD, HAMILTON D0 HM 11