Atlantic American (Atlantic American) Cash-to-Debt

: 0.77 (As of Dec. 2023)

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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. Atlantic American's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.77.

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, Atlantic American 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 Atlantic American's Cash-to-Debt or its related term are showing as below:

AAME' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.53 Max: 0.81
Current: 0.77

During the past 13 years, Atlantic American's highest Cash to Debt Ratio was 0.81. The lowest was 0.37. And the median was 0.53.

AAME's Cash-to-Debt is ranked worse than
68.46% of 482 companies
in the Insurance industry
Industry Median: 1.87 vs AAME: 0.77

Atlantic American Cash-to-Debt Historical Data

The historical data trend for Atlantic American'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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Atlantic American Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.38

0.57

0.73

0.81

0.77

Atlantic American 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																0.81	0.37	0.66	0.65	0.77

Competitive Comparison

For the Insurance - Life subindustry, Atlantic American'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.

Atlantic American Cash-to-Debt Distribution

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

* The bar in red indicates where Atlantic American's Cash-to-Debt falls into.

Atlantic American 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.

Atlantic American'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)
	=	28.301	/	(3.019	+	33.738)
	=	0.77

Atlantic American'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)
	=	28.301	/	(3.019	+	33.738)
	=	0.77

Atlantic American (NAS:AAME) 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.

Atlantic American Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Atlantic American's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Atlantic American (Atlantic American) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Atlantic American Corp (NAS:AAME) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4370 Peachtree Road, N.E., Atlanta, GA, USA, 30319

Website

https://www.atlam.com

Atlantic American Corp operates in specialty markets within the life and health and property and casualty insurance industries. It provides property and casualty insurance including bodily injury and property damage liability coverage, uninsured motorist coverage, and physical damage coverage for commercial accounts. It also provides tailored business automobile insurance coverage, on a multi-year contract basis, to state governments and local municipalities. The company's life and health operations offer a variety of life and supplemental health products including ordinary and term life insurance, Medicare supplement, and other health insurance. It earns revenue from the collection of premiums and investment income.

Executives

Harriett J Robinson	director, 10 percent owner, other: Trustee under Rule 16a-8
Bankers Fidelity Life Insurance Co	other: Wholly owned subsidiary	4370 PEACHTREE ROAD NE, ATLANTA GA 30319
Jeffrey Ross Franklin	officer: CFO	4370 PEACHTREE ROAD NE, ATLANTA GA 30319
Mark E. Preisinger	director	C/O ATLANTIC AMERICAN CORPORATION, 4370 PEACHTREE ROAD, SUITE 200, ATLANTA GA 30319
D Keehln Wheeler	director	3731 WIEUCA ROAD, ATLANTA GA 30342
William H Whaley	director	3980 RANDALL MILL RD NW, ATLANTA GA 30327
Joseph M Scheerer	director	41 PARK AVENUE, APARTMENT #8H, NEW YORK NY 10016
Samuel E Hudgins	director
Edward E Elson	director
Dom H Wyant	director
J Mack Robinson	10 percent owner	4370 PEACHTREE RD, ATLANTA GA 30319
Robin Robinson Howell	director	3656 TUXEDO ROAD NW, ATLANTA GA 30305
Sample John G Jr	officer: Senior Vice President & CFO
Howell Hilton H Jr	director, officer: Chairman, President & CEO	4370 PEACHTREE ROAD, N.E., ATLANTA GA 30319
Scott G Thompson	director, officer: Pres & CEO Am. Sou. Ins. Co.