Fidelis Insurance Holdings (Fidelis Insurance Holdings) Cash-to-Debt : 1.59 (As of Dec. 2023)

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What is Fidelis Insurance 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. Fidelis Insurance Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.59.

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, Fidelis Insurance 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 Fidelis Insurance Holdings's Cash-to-Debt or its related term are showing as below:

FIHL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 1.85 Max: 2.73
Current: 1.59

During the past 5 years, Fidelis Insurance Holdings's highest Cash to Debt Ratio was 2.73. The lowest was 0.68. And the median was 1.85.

FIHL's Cash-to-Debt is ranked worse than
52.89% of 484 companies
in the Insurance industry
Industry Median: 1.86 vs FIHL: 1.59

Fidelis Insurance Holdings Cash-to-Debt Historical Data

The historical data trend for Fidelis Insurance 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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Fidelis Insurance Holdings Cash-to-Debt Chart

Fidelis Insurance Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

2.12

0.68

2.73

1.59

Fidelis Insurance Holdings Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						2.73	0.96	1.24	1.27	1.59

Competitive Comparison of Fidelis Insurance Holdings's Cash-to-Debt

For the Insurance - Diversified subindustry, Fidelis Insurance 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.

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

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

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

Fidelis Insurance 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.

Fidelis Insurance 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)
	=	712.4	/	(0	+	448.2)
	=	1.59

Fidelis Insurance 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)
	=	712.4	/	(0	+	448.2)
	=	1.59

Fidelis Insurance Holdings (NYSE:FIHL) 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.

Fidelis Insurance Holdings Cash-to-Debt Related Terms

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Fidelis Insurance Holdings (Fidelis Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelis Insurance Holdings Ltd (NYSE:FIHL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

U0K:Germany

Address

100 Pitts Bay Road, Waterloo House, Pembroke, BMU, HM08

Website

https://www.fidelisinsurance.com

Fidelis Insurance Holdings Ltd is a global (re)insurance company. It classify the business into three underwriting segments, namely Bespoke, Specialty and Reinsurance. Specialty primarily comprises property D&F, energy, marine and aviation lines. Bespoke primarily comprises credit and political risk and other tailored solutions for clients including transactional liabilities and credit insurance. Reinsurance primarily comprises property reinsurance.