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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. Radian Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.01.
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, Radian Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.
The historical rank and industry rank for Radian Group's Cash-to-Debt or its related term are showing as below:
During the past 13 years, Radian Group's highest Cash to Debt Ratio was 0.12. The lowest was 0.01. And the median was 0.05.
The historical data trend for Radian Group'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.
Radian Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial | 0.09 | 0.06 | 0.10 | 0.04 | 0.01 |
Radian Group Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cash-to-Debt | Get a 7-Day Free Trial | 0.04 | 0.03 | 0.01 | 0.02 | 0.01 |
For the Insurance - Specialty subindustry, Radian Group'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, Radian Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Radian Group'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.
Radian Group'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) | |
= | 18.999 | / | (0 | + | 1537.257) | |
= | 0.01 |
Radian Group's Cash to Debt Ratio for the quarter that ended in Jun. 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) | |
= | 13.791 | / | (489.8 | + | 1508.647) | |
= | 0.01 |
* 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.
Radian Group (NYSE:RDN) 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 Radian Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Derek Brummer | officer: Chief Risk Officer | RADIAN GROUP INC., 1601 MARKET ST, PHILADELPHIA PA 19103 |
Mary Dickerson | officer: EVP Chief People Officer | RADIAN GROUP INC., 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102 |
Robert Quigley | officer: Sr. Vice President, Controller | C/O RADIAN,, 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102 |
Eric Ray | officer: Sr, Executive Vice President | C/O RADIAN, 1500 MARKET ST., #2050W, PHILADELPHIA PA 19102 |
Edward J Hoffman | officer: SVP, Secretary and General Cou | 1601 MARKET STREET, PHILADELPHIA PA 19103 |
Sumita Pandit | officer: Sr. EVP, Chief Growth Officer | 550 EAST SWEDESFORD RD., #350, WAYNE PA 19087 |
Noel Joseph Spiegel | director | RADIAN GROUP INC., 1601 MARKET STREET, PHILADELPHIA PA 19103 |
Brien Mcmahon | officer: EVP & Chief Franchise Officer | 1500 MARKET ST., WEST TOWER, #2050, PHILADELPHIA PA 19102 |
Lisa Mumford | director | 6 BEACHWOOD COURT, DIX HILLS NY 11746 |
Gregory Serio | director | RADIAN GROUP INC., 1601 MARKET ST., PHILADELPHIA PA 19103 |
Howard Bernard Culang | director | 9 MARISSA COURT, ATLANTIC HIGHLANDS NJ 07716 |
Lisa Hess | director | RADIAN GROUP, 1601 MARKET ST, PHILADELPHIA PA 19103 |
Margaret Anne Leyden | director | 550 E. SWEDESFORD RD.,, STE 350, WAYNE PA 19087 |
Fawad Ahmad | director | C/) RADIAN GROUP INC., 550 E. SWEDESFORD RD., #350, WAYNE PA 19087 |
Richard G Thornberry | director, officer: Chief Executive Officer | RADIAN, 1601 MARKET ST, PHILADELPHIA PA 19103 |
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