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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. Allstate's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.10.
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, Allstate couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.
The historical rank and industry rank for Allstate's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Allstate's highest Cash to Debt Ratio was 0.18. The lowest was 0.04. And the median was 0.09.
The historical data trend for Allstate'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.
Allstate Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial | 0.05 | 0.04 | 0.10 | 0.09 | 0.09 |
Allstate Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Cash-to-Debt | Get a 7-Day Free Trial | 0.11 | 0.09 | 0.11 | 0.07 | 0.10 |
For the Insurance - Property & Casualty subindustry, Allstate'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, Allstate's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Allstate's Cash-to-Debt falls into.
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.
Allstate'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) | |
= | 722 | / | (0 | + | 7942) | |
= | 0.09 |
Allstate's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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) | |
= | 816 | / | (0 | + | 8083) | |
= | 0.10 |
* 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.
Allstate (NYSE:ALL) 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 Allstate's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
John E Dugenske | other: EVP & CIO, Allstate Ins. Co. | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Thomas J Wilson | officer: President and COO | 2775 SANDERS RD, NORTHBROOK IL 60062 |
Robert Toohey | officer: EVP, Chief HR Officer - AIC | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Elizabeth Brady | other: Executive Vice President - AIC | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Suren Gupta | other: EVP Allstate Insurance Company | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Judith A Sprieser | director | USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606 |
John C Pintozzi | officer: SVP, Controller, and CAO | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Mario Rizzo | officer: EVP & Chief Financial Officer | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Mark Q Prindiville | other: EVP & Chief Risk Officer - AIC | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Zulfikar Jeevanjee | other: EVP & CTO - AIC | 3100 SANDERS ROAD, NORTHBROOK IL 60062 |
Jesse E Merten | officer: EVP & Chief Risk Officer (AIC) | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Monica J Turner | director | 3100 SANDERS ROAD, NORTHBROOK IL 60062 |
Christine M. Debiase | officer: EVP, CLO, GC & Secretary | 11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277 |
Terrance Williams | officer: AIC-President Protec Prod&Svcs | 7184 BIDDICK, NEW ALBANY OH 43054 |
Glenn T Shapiro | other: Pres Allstate Personal Lines | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
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