GURUFOCUS.COM » STOCK LIST » USA » NAS » Enact Holdings Inc (NAS:ACT) » Definitions » Cash-to-Debt
Switch to:

Enact Holdings Cash-to-Debt

: 0.79 (As of Jun. 2022)
View and export this data going back to 2021. Start your Free Trial

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. Enact Holdings's cash to debt ratio for the quarter that ended in Jun. 2022 was 0.79.

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, Enact Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

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

ACT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58   Med: 0.61   Max: No Debt
Current: 0.79

During the past 3 years, Enact Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was 0.61.

ACT's Cash-to-Debt is ranked worse than
69.05% of 504 companies
in the Insurance industry
Industry Median: 2.44 vs ACT: 0.79

Enact Holdings Cash-to-Debt Historical Data

The historical data trend for Enact 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.

* Premium members only.

Enact Holdings Annual Data
Trend Dec19 Dec20 Dec21
Cash-to-Debt
No Debt 0.61 0.58

Enact Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 0.61 0.58 0.59 0.79

Competitive Comparison

For the Insurance - Specialty subindustry, Enact 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.

   

Enact Holdings Cash-to-Debt Distribution

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

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



Enact Holdings Cash-to-Debt Calculation

This is the ratio of a company's 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.

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

Enact Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:

* 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.


Enact Holdings  (NAS:ACT) 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.


Enact Holdings Cash-to-Debt Related Terms

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


Enact Holdings Business Description

Enact Holdings logo
Traded in Other Exchanges
N/A
Address
8325 Six Forks Road, Raleigh, NC, USA, 27615
Website
Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.
Executives
Bless Michael A director C/O ROCKWELL INTERNATIONAL INC 777 E. WISCONSIN AVE #1400 MILWAUKEE WI 53202
Sheehan Daniel J Iv director 6620 WEST BROAD STREET RICHMOND VA 23230
Mitchell Hardin Dean officer: EVP, CFO and Treasurer 8325 SIX FORKS ROAD RALEIGH NC 27615
Gould Brian officer: EVP & Chief Operations Officer 8325 SIX FORKS ROAD RALEIGH NC 27615
Derstine Michael officer: EVP and Chief Risk Officer 8325 SIX FORKS ROAD RALEIGH NC 27615
Stolove Evan officer: EVP, Gen. Counsel & Secretary 8325 SIX FORKS ROAD RALEIGH NC 27615
Mcmullen James officer: Controller C/O GENWORTH MORTGAGE HOLDINGS, INC. 8325 SIX FORKS ROAD RALEIGH NC 27615
Genworth Holdings, Inc. 10 percent owner 6620 WEST BROAD STREET RICHMOND VA 23230
Gupta Rohit director, officer: President and CEO C/O GENWORTH FINANCIAL, INC. 6620 WEST BROAD STREET RICHMOND VA 23230
Waleski Anne G director 1508 WEST AVENUE RICHMOND VA 23220
Thompson Westley V director THE PHOENIX COMPANIES, INC. ONE AMERICAN ROW HARTFORD CT 06102
Mcinerney Thomas J director 6620 WEST BROAD STREET RICHMOND VA 23230
Still Debra director 520 MADISON AVE, 32ND FL C/O CHIMERA INVESTMENT CORPORATION NEW YORK NY 10022
Hooda Sheila director C/O VIRTUS INVESTMENT PARTNERS, INC. 100 PEARL STREET HARTFORD CT 06103
Fisk John D director C/O AGNC INVESTMENT CORP. 2 BETHESDA METRO CENTER, 12TH FLOOR BETHESDA MD 20814

Enact Holdings Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)