American Equity Investment Life Holding Co (American Equity Investment Life Holding Co) Cash-to-Debt

: 11.30 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

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. American Equity Investment Life Holding Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.30.

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, American Equity Investment Life Holding Co 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 American Equity Investment Life Holding Co's Cash-to-Debt or its related term are showing as below:

AEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 2.08 Max: 15.85
Current: 11.3

During the past 13 years, American Equity Investment Life Holding Co's highest Cash to Debt Ratio was 15.85. The lowest was 0.47. And the median was 2.08.

AEL's Cash-to-Debt is ranked better than
69.92% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs AEL: 11.30

American Equity Investment Life Holding Co Cash-to-Debt Historical Data

The historical data trend for American Equity Investment Life Holding Co'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.

* Premium members only.

American Equity Investment Life Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.52

15.85

7.85

2.20

11.30

American Equity Investment Life Holding Co 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	Get a 7-Day Free Trial															2.20	3.20	5.76	11.76	11.30

Competitive Comparison

For the Insurance - Life subindustry, American Equity Investment Life Holding Co'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.

American Equity Investment Life Holding Co Cash-to-Debt Distribution

For the Insurance industry and Financial Services sector, American Equity Investment Life Holding Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where American Equity Investment Life Holding Co's Cash-to-Debt falls into.

American Equity Investment Life Holding Co 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.

American Equity Investment Life Holding Co'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)
	=	9772.586	/	(0	+	864.55)
	=	11.30

American Equity Investment Life Holding Co'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)
	=	9772.586	/	(0	+	864.55)
	=	11.30

American Equity Investment Life Holding Co (NYSE:AEL) 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.

American Equity Investment Life Holding Co Cash-to-Debt Related Terms

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

American Equity Investment Life Holding Co (American Equity Investment Life Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Equity Investment Life Holding Co (NYSE:AEL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AELpB.PFD:USA AELpA.PFD:USA AM5:Germany

Address

6000 Westown Parkway, West Des Moines, IA, USA, 50266

Website

https://www.american-equity.com

American Equity Investment Life Holding Co is a financial services company. Its core business is selling fixed-index and fixed-rate annuity products through its subsidiaries, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. The company is licensed to sell its products in 50 states and the District of Columbia. Its targeted clients are individuals aged 45-75 who are interested in accumulating tax-deferred savings or creating guaranteed lifetime income.

Executives

Aaron Boushek	officer: Controller	6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Jeffrey D Lorenzen	officer: Sr. Vice President-Investments	6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Axel Andre	officer: Chief Financial Officer	6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Robert L Howe	director	5000 WESTOWN PARKWAY, SUITE 440, WEST DES MOINES IA 50266
Anant Bhalla	director, officer: President	11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
James Louis Hamalainen	officer: EVP & CCSO, AEILIC	6000 WESTOWN PKWY, WEST DES MOINES IA 50266
Dewayne Lummus	officer: SVP & Chief Accounting Officer	6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266-9024
Michael E Hayes	director	6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Alan David Matula	director	828 ST. CHARLES, NEW ORLEANS LA 70130
Kate Etinger	officer: Chief People Officer	6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Nicholas P. Volpe	officer: Chief Technology Officer	6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Gerard D. Neugent	director	6000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Ronald James Grensteiner	officer: Vice President	5000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
Joyce Ann Chapman	director	5000 WESTOWN PARKWAY, WEST DES MOINES IA 50266
North End Re (cayman) Spc	10 percent owner	18 FORUM LANE, 2ND FLOOR, CAMANA BAY, GRAND CAYMAN E9 KY-1102