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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. Progressive's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.06.
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, Progressive couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.
The historical rank and industry rank for Progressive's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Progressive's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.03.
The historical data trend for Progressive'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.
For the Insurance - Property & Casualty subindustry, Progressive'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.
For the Insurance industry and Financial Services sector, Progressive's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Progressive's Cash-to-Debt falls in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.
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.
Progressive's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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) | |
= | 187.1 | / | (0 | + | 4898.8) | |
= | 0.04 |
Progressive's Cash to Debt Ratio for the quarter that ended in Sep. 2022 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) | |
= | 350.9 | / | (0 | + | 6387.4) | |
= | 0.05 |
* 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.
Progressive (NYSE:PGR) 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.
Thank you for viewing the detailed overview of Progressive's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Pamela Craig | director | C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601 |
Clawson William L. Ii | officer: Chief Human Resources Officer | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Remi Kent | officer: Chief Marketing Officer | 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Jonathan S. Bauer | officer: Chief Investment Officer | 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Mariann Wojtkun Marshall | officer: Chief Accounting Officer | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS RD., MAYFIELD VILLAGE OH 44143 |
Jan E Tighe | director | C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282 |
Barbara R Snyder | director | 127 PUBLIC SQUARE, CLEVELAND OH 44114 |
Andrew J Quigg | officer: Chief Strategy Officer | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Philip Bleser | director | 8760 CLAY ROAD SUITE 100, HOUSTON TX 77494 |
Steven Broz | officer: Chief Information Officer | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Lori A Niederst | officer: CRM President | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Karen Bailo | officer: Commercial Lines President | 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Daniel P Mascaro | officer: Vice Pres, Secretary and CLO | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
John Jo Murphy | officer: Claims President | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
Patrick K Callahan | officer: Personal Lines President | C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143 |
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