National General Holdings (National General Holdings) Cash-to-Debt : 0.98 (As of Dec. 2020)

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What is National General 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. National General Holdings's cash to debt ratio for the quarter that ended in Dec. 2020 was 0.98.

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, National General Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

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

NGHC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.38 Max: 0.98
Current: 0.98

During the past 10 years, National General Holdings's highest Cash to Debt Ratio was 0.98. The lowest was 0.09. And the median was 0.38.

NGHC's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.83 vs NGHC: 0.98

National General Holdings Cash-to-Debt Historical Data

The historical data trend for National General 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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National General Holdings Cash-to-Debt Chart

National General Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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0.29

0.41

0.28

0.20

0.98

National General Holdings Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Cash-to-Debt	Get a 7-Day Free Trial															0.20	0.45	0.44	0.28	0.98

Competitive Comparison of National General Holdings's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, National General 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.

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

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

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

National General 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.

National General Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	662.772	/	(140	+	536.81)
	=	0.98

National General Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
	=	662.772	/	(140	+	536.81)
	=	0.98

National General Holdings (NAS:NGHC) 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.

National General Holdings Cash-to-Debt Related Terms

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

National General Holdings (National General Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National General Holdings Corp (NAS:NGHC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Maiden Lane, 38th Floor, New York, NY, USA, 10038

Website

http://www.nationalgeneral.com

National General Holdings Corp is a specialty personal lines insurance holding company. It provides a variety of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, lender-placed, supplemental health and other niche insurance products. The company sells insurance products with a focus on underwriting profitability through a combination of its customized and predictive analytics and its technology is driven low-cost infrastructure. The company manages its business through two segments, the Property and Casualty segment and Accident and Health segment.

Executives

Jeffrey Weissmann	officer: General Counsel & Secretary	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
John Drake Nichols	director	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
John Marshaleck	director	48 PAR LA VILLE ROAD, SUITE 1141, HAMILTON D0 HM11
Donald T Decarlo	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Barbara Paris	director	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Patrick Fallon	director	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Barry Karfunkel	director, officer: CEO	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Robert Karfunkel	director, officer: President	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Michael Hal Weiner	officer: CFO and Treasurer	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Peter A. Rendall	officer: COO	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Lawrence J. Moloney	officer: Chief Accounting Officer	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Thomas Newgarden	officer: Executive Vice President	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Amtrust International Insurance Ltd	other: Former 10% Owner	SUITE 102 WASHINGTON MALL, 7 REID STREET, HAMILTON D0 HM11
Donald Bolar	officer: Chief Accounting Officer	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Barry D Zyskind	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038