Greenlight Capital Re (Greenlight Capital Re) Cash-to-Debt

: 0.70 (As of Dec. 2023)

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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. Greenlight Capital Re's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.70.

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, Greenlight Capital Re couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

GLRE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.74 Max: No Debt
Current: 0.7

During the past 13 years, Greenlight Capital Re's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.74.

GLRE's Cash-to-Debt is ranked worse than
70.12% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs GLRE: 0.70

Greenlight Capital Re Cash-to-Debt Historical Data

The historical data trend for Greenlight Capital Re'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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Greenlight Capital Re Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.28

0.09

0.78

0.48

0.70

Greenlight Capital Re Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.48	0.64	0.88	0.55	0.70

Competitive Comparison

For the Insurance - Reinsurance subindustry, Greenlight Capital Re'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.

Greenlight Capital Re Cash-to-Debt Distribution

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

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

Greenlight Capital Re 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.

Greenlight Capital Re'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)
	=	51.082	/	(0	+	73.281)
	=	0.70

Greenlight Capital Re's Cash to Debt Ratio for the quarter 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)
	=	51.082	/	(0	+	73.281)
	=	0.70

Greenlight Capital Re (NAS:GLRE) 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.

Greenlight Capital Re Cash-to-Debt Related Terms

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

Greenlight Capital Re (Greenlight Capital Re) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Greenlight Capital Re Ltd (NAS:GLRE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

G8L:Germany

Address

65 Market Street, Suite 1207, P.O. Box 31110, Camana Bay, Grand Cayman, CYM, KY1-1205

Website

https://www.greenlightre.com

Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed, and income from investments. Most of the revenue is generated from policies written in the United States and the Caribbean.

Executives

David Einhorn	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Ian Isaacs	director	65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110,, GRAND CAYMAN, E9 E9 KY1-1205
David Sigmon	officer: General Counsel	65 MARKET ST., SUITE 1207, JASMINE CT, CAMANA BAY, P.O. BOX 31110, GRAND CAYMAN E9 KY1-1205
Brian Joseph Oreilly	officer: Head of Innovations	65 MARKET ST., SUITE 1207, JASMINE COURT, CAMANA BAY, P.O. BOX 3111, GRAND CAYMAN E9 KY1-1205
Richard Paul Strommer	officer: Chief Actuary	GREENLIGHT REINSURANCE, LTD., 65 MARKET ST., SUITE 1207, JASMINE COURT, CAMANA BAY, GRAND CAYMAN E9 KY1-1205
Johnny Ferrari	director	PO BOX 493, GEORGE TOWN E9 KY1 1106
Victoria W Guest	director	RAM RE HOUSE, 46 REID STREET, HAMILTON D0 HM 12
Ursuline F Foley	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Daniel Roitman	other: Alternate Director	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Faramarz Romer	officer: Reporting & Compliance Officer	65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110, GRAND CAYMAN, E9 E9 KY1-1205
Neil W Greenspan	officer: Chief Accounting Officer	C/O MONTPELIER RE HOLDINGS LTD., MINTFLOWER PLACE 8 PAR-LA-VILLE ROAD, HAMILTON D0 HM 08
Thomas James Curnock	officer: Chief Risk Officer	65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205
Leonard R Goldberg	director, officer: Chief Executive Officer	802 WEST BAY ROAD, THE GRAND PAVILION, P.O. BOX 31110, GRAND CAYMAN E9 KY1-1205
Barry Brendan	officer: Chief Underwriting Officer	65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205
Laura Accurso	officer: GENERAL COUNSEL	65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205