Axis Capital Holdings (Axis Capital Holdings) Cash-to-Debt

: 0.63 (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. Axis Capital Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.63.

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

AXS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 0.67 Max: 1.05
Current: 0.63

During the past 13 years, Axis Capital Holdings's highest Cash to Debt Ratio was 1.05. The lowest was 0.50. And the median was 0.67.

AXS's Cash-to-Debt is ranked worse than
72.82% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs AXS: 0.63

Axis Capital Holdings Cash-to-Debt Historical Data

The historical data trend for Axis Capital 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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Axis Capital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.65

0.62

0.59

0.50

0.63

Axis Capital Holdings 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															0.50	0.55	0.77	0.59	0.63

Competitive Comparison

For the Insurance - Specialty subindustry, Axis Capital 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.

Axis Capital Holdings Cash-to-Debt Distribution

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

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

Axis Capital 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.

Axis Capital 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)
	=	953.476	/	(0	+	1522.605)
	=	0.63

Axis Capital 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)
	=	953.476	/	(0	+	1522.605)
	=	0.63

Axis Capital Holdings (NYSE:AXS) 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.

Axis Capital Holdings Cash-to-Debt Related Terms

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

Axis Capital Holdings (Axis Capital Holdings) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AXSpE.PFD:USA AXV:Germany

Address

92 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.axiscapital.com

Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.

Executives

Henry B Smith	director	C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Daniel J Draper	officer: Grp Chief Underwriting Officer	52 LIME STREET, LONDON X0 EC3M 7AF
Vincent C Tizzio	officer: CEO, Specialty Ins. and Re.	C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Axel Theis	director	92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Michael Millegan	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Charles A Davis	director	1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029
Thomas C. Ramey	director	C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
W Marston Becker	director	C/O ALTERRA HOUSE, 2 FRONT STREET, HAMILTON D0 HM11
Anne Melissa Dowling	director	9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921
Albert Benchimol	officer: Chief Financial Officer & EVP	AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE BERMUDA D0 HM 08
Michael A Butt	director, officer: Chairman	AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Peter Vogt	officer: EVP and CFO	1211 AVENUE OF THE AMERICAS, 24TH FLOOR, NEW YORK NY 10036
Lizabeth H Zlatkus	director	ONE HARTFORD PLAZA, HARTFORD CT 06155
Kent W Ziegler	officer: Principal Acct Off, Controller	199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Elanor Hardwick	director	C/O AXIS CAPITAL HOLDINGS LIMITED, AXIS HOUSE, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08