Employers Holdings (Employers Holdings) Cash-to-Debt : 38.37 (As of Dec. 2023)

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What is Employers 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. Employers Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 38.37.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Employers Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

EIG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 3.84 Max: 38.37
Current: 38.37

During the past 13 years, Employers Holdings's highest Cash to Debt Ratio was 38.37. The lowest was 0.46. And the median was 3.84.

EIG's Cash-to-Debt is ranked better than
76.76% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs EIG: 38.37

Employers Holdings Cash-to-Debt Historical Data

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

Employers Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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8.70

4.02

4.52

0.46

38.37

Employers Holdings 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															0.46	0.44	0.60	2.39	38.37

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

For the Insurance - Specialty subindustry, Employers 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.

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

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

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

Employers 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.

Employers 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)
	=	226.4	/	(0	+	5.9)
	=	38.37

Employers Holdings'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)
	=	226.4	/	(0	+	5.9)
	=	38.37

Employers Holdings (NYSE:EIG) 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.

Employers Holdings Cash-to-Debt Related Terms

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

Employers Holdings (Employers Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Employers Holdings Inc (NYSE:EIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

YGB:Germany

Address

10375 Professional Circle, Reno, NV, USA, 89521

Website

http://www.employers.com

Employers Holdings Inc provides workers' compensation insurance, primarily to small businesses in low- to medium hazard industries. Its customers are employers, and the insurance premiums that those employers pay account for more than 90% of total company revenue. Substantially all of the remaining revenue is generated through investments. The company operates exclusively in the United States, and it generates more than half of its business in California. By industry, the company has the most exposure to restaurants, which account for roughly a fourth of the total premiums the company earns.

Executives

Katherine H. Antonello	officer: EVP, Chief Actuary	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Alejandro Perez-tenessa	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael J Mcsally	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Christopher Laws	officer: EVP, Chief Actuary	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Tracey Lynn Berg	officer: EVP, Chief Information Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Stephen V Festa	officer: Sr VP & CCO, EICN and ECIC	9790 GATEWAY DRIVE, SUITE 200, RENO NV 89521
Douglas D Dirks	director, officer: President and CEO of EIG	10375 PROFESSIONAL CIRCLE, RENO NV 89521
De Figueiredo Joao M	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
James R Kroner	director	600 FOURTH STREET, P.O. BOX 6000, SIOUX CITY IA 51102-6000
Jeanne L Mockard	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Lawrence S Rogers	officer: SVP, Chief Underwriting Office	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Richard W Blakey	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
John M. Mutschink	officer: SVP, Chief HR Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael Scott Paquette	officer: EVP, Chief Financial Officer	EMPLOYERS HOLDINGS, INC., 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Barry J. Vogt	officer: SVP, Chief Claims Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521