Fidelity & Guaranty Life (Fidelity & Guaranty Life) Cash-to-Debt : 2.19 (As of Sep. 2017)

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What is Fidelity & Guaranty Life 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. Fidelity & Guaranty Life's cash to debt ratio for the quarter that ended in Sep. 2017 was 2.19.

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, Fidelity & Guaranty Life could pay off its debt using the cash in hand for the quarter that ended in Sep. 2017.

The historical rank and industry rank for Fidelity & Guaranty Life's Cash-to-Debt or its related term are showing as below:

FGL's Cash-to-Debt is not ranked ^*
in the Insurance industry.
Industry Median: 1.84
* Ranked among companies with meaningful Cash-to-Debt only.

Fidelity & Guaranty Life Cash-to-Debt Historical Data

The historical data trend for Fidelity & Guaranty Life'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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Fidelity & Guaranty Life Cash-to-Debt Chart

Fidelity & Guaranty Life Annual Data

Trend

Dec10

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Cash-to-Debt

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4.01

1.92

1.67

2.16

2.19

Fidelity & Guaranty Life Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Cash-to-Debt	Get a 7-Day Free Trial															2.16	1.58	2.19	1.97	2.19

Competitive Comparison of Fidelity & Guaranty Life's Cash-to-Debt

For the Insurance - Life subindustry, Fidelity & Guaranty Life'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.

Fidelity & Guaranty Life's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fidelity & Guaranty Life's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fidelity & Guaranty Life's Cash-to-Debt falls into.

Fidelity & Guaranty Life 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.

Fidelity & Guaranty Life's Cash to Debt Ratio for the fiscal year that ended in Sep. 2017 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)
	=	885	/	(0	+	405)
	=	2.19

Fidelity & Guaranty Life's Cash to Debt Ratio for the quarter that ended in Sep. 2017 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)
	=	885	/	(0	+	405)
	=	2.19

Fidelity & Guaranty Life (NYSE:FGL) 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.

Fidelity & Guaranty Life Cash-to-Debt Related Terms

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

Fidelity & Guaranty Life (Fidelity & Guaranty Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelity & Guaranty Life (NYSE:FGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://home.fglife.com

Fidelity & Guaranty Life was incorporated in Delaware. Fidelity and Guaranty Life is engaged in selling of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets. Its products include FG Life-Elite and FG Life-Choice.

Executives

Christopher J Littlefield	director, officer: Chief Executive Officer	TWO RUAN CENTER, 601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Dennis Robert Vigneau	officer: EVP and Chief Financial Off	UNKNOWN, UNKNOWN IL 60601
Andrew A. Mcknight	director	ONE MARKET PLAZA, SPEAR TOWER 42ND FLOOR, SAN FRANCISCO CA 94123
Currier John David Jr.	officer: SVP, Chief Actuary	601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Launer Leland C Jr	director, officer: Chief Executive Officer
Joseph S Steinberg	director	C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Omar Asali	director	GOLDMAN SACHS HEDGE FUND STRATEGIES LLC, 32 OLD SLIP, 9TH FLOOR, NEW YORK NY 10005
Thomas A. Williams	director	450 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10022
Cobb Clyde Landon Jr.	officer: Chief Accounting Officer	1001 FLEET STREET, 6TH FLOOR, BALTIMORE MD 21202
Phillip J. Gass	director, other: Chairman	C/O NASSAU ASSET MANAGEMENT LLC, 1 AMERICAN ROW, HARTFORD CT 06102
Philip Falcone	other: *See Remarks	450 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10022
Harbinger Group Inc.	10 percent owner	3001 DEMING WAY, MIDDLETON WI 53562

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