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. MBIA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.
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, MBIA 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 MBIA's Cash-to-Debt or its related term are showing as below:
MBI'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.1
Current: 0.03
During the past 13 years, MBIA's highest Cash to Debt Ratio was 0.10. The lowest was 0.02. And the median was 0.04.
MBIA Cash-to-Debt Historical Data
The historical data trend for MBIA'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.
|
MBIA Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
0.02 |
0.05 |
0.05 |
0.02 |
0.03 |
|
MBIA 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.02 |
0.03 |
0.07 |
0.02 |
0.03 |
Competitive Comparison
For the Insurance - Specialty subindustry, MBIA'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.
MBIA Cash-to-Debt Distribution
For the Insurance industry and Financial Services sector, MBIA's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where MBIA's Cash-to-Debt falls into.
MBIA 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.
MBIA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
MBIA's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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.
MBIA (MBI) Business Description
Traded in Other Exchanges
Address
1 Manhattanville Road, Suite 301, Purchase, NY, USA, 10577
MBIA Inc provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. It offers an unconditional guarantee to repay the principal and interest on these securities if the issuer defaults. MBIA insures bonds sold in the primary and secondary markets, as well as those held in unit investment trusts and by mutual funds. It operates in three segments: the United States public finance insurance, corporate, and international & structured finance insurance. U.S. public finance insurance portfolio is managed through National Public Finance Guarantee Corporation. International & structured finance insurance business is managed through MBIA Insurance Corporation and its subsidiary.
Executives
| Richard C Vaughan |
director |
C/O MBIA, 113 KING STREET, ARMONK NY 10504 |
| Steven J Gilbert |
director |
540 MADISON AVE, 40TH FL, NEW YORK NY 10022 |
| Janice L. Innis-thompson |
director |
C/O MBIA INC., 1 MANHATTANVILLE ROAD - SUITE 301, PURCHASE NY 10577 |
| William C Fallon |
officer: Member, Exec. Policy Committee |
C/O MBIA, 113 KING STREET, ARMONK NY 10504 |
| Charles R Rinehart |
director |
DOWNEY FINANCIAL CORP., 3501 JAMBOREE ROAD, NEWPORT BEACH CA 92660 |
| Theodore Shasta |
director |
C/O MBIA INC., 113 KING STREET, ARMONK NY 10504 |
| Fine Capital Partners, L.p. |
10 percent owner |
3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019 |
| Diane L Dewbrey |
director |
FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263 |
| Daniel M. Avitabile |
officer: Assistant Vice President |
C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Adam T. Bergonzi |
officer: Assistant Vice President |
C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Christopher H. Young |
officer: Assistant Vice President |
C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Jonathan C. Harris |
officer: General Counsel and Secretary |
C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Joseph R. Schachinger |
officer: Controller |
1 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
| Joseph W Brown |
director, officer: Chairman and CEO |
C/O SAFECO, 4333 BROOKLYN AVENUE NE, SEATTLE WA 98185 |
| Debra Fine |
10 percent owner |
590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022 |
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