Alignment Healthcare (Alignment Healthcare) Cash-to-Debt : 1.87 (As of Dec. 2023)

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What is Alignment Healthcare 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. Alignment Healthcare's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.87.

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

ALHC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 1.87 Max: 2.96
Current: 1.87

During the past 5 years, Alignment Healthcare's highest Cash to Debt Ratio was 2.96. The lowest was 0.63. And the median was 1.87.

ALHC's Cash-to-Debt is ranked worse than
52.38% of 21 companies
in the Healthcare Plans industry
Industry Median: 1.87 vs ALHC: 1.87

Alignment Healthcare Cash-to-Debt Historical Data

The historical data trend for Alignment Healthcare'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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Alignment Healthcare Cash-to-Debt Chart

Alignment Healthcare Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.63

1.34

2.96

2.49

1.87

Alignment Healthcare Quarterly Data
	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												2.49	2.98	3.03	3.02	1.87

Competitive Comparison of Alignment Healthcare's Cash-to-Debt

For the Healthcare Plans subindustry, Alignment Healthcare'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.

Alignment Healthcare's Cash-to-Debt Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Alignment Healthcare's Cash-to-Debt distribution charts can be found below:

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

Alignment Healthcare Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

Alignment Healthcare's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	318.818	/	(0	+	170.787)
	=	1.87

Alignment Healthcare's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	318.818	/	(0	+	170.787)
	=	1.87

Alignment Healthcare (NAS:ALHC) 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.

Alignment Healthcare Cash-to-Debt Related Terms

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Alignment Healthcare (Alignment Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Alignment Healthcare Inc (NAS:ALHC) » Definitions » Cash-to-Debt

Comparable Companies

OSCR CLOV BHG PFHO MRAI UNH ELV CI CVS HUM CNC MOH SZSE:000503 BSP:ODPV3 BSP:QUAL3 ROCO:6665 MIL:HI TSXV:NXG

Traded in Other Exchanges

N/A

Address

1100 W. Town and Country Road, Suite 1600, Orange, CA, USA, 92868

Website

https://www.alignmenthealthcare.com

Alignment Healthcare Inc is a next-generation, consumer-centric platform that is revolutionizing the healthcare experience for seniors through Medicare Advantage plans. These plans are marketed and sold direct-to-consumer, allowing seniors to select the manner in which they receive healthcare coverage and services on an annual basis.

Executives

Jeffrey H Margolis	director	567 SAN NICHOLAS DRIVE, SUITE 360, NEWPORT BEACH CA 92660
Joseph S Konowiecki	director	5995 PLAZA DR, CYPRESS CA 90630
Hyong Kim	officer: Chief Medical Officer	C/O ALIGNMENT HEALTHCARE, INC., 1100 W TOWN AND COUNTRY ROAD, SUITE 1600, ORANGE CA 92868
Christopher J Joyce	officer: Chief Legal and Admin. Officer	C/O ALLIANCE ENTERTAINMENT CORP, 110 EAST 59TH STREET 18TH FLOOR, NEW YORK NY 10022
Melinda Michele Kimbro	officer: Chief People Officer	6155 EL CAMINO REAL, CARLSBAD CA 92009
Robert L. Scavo	officer: Chief Information Officer	C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN AND COUNTRY ROAD, SUITE 160, ORANGE CA 92868
Hakan Kardes	officer: Chief Technology Officer	C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN AND COUNTRY ROAD, SUITE 160, ORANGE CA 92868
Robert Thomas Freeman	officer: Chief Financial Officer	C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN & COUNTRY ROAD, SUITE 1600, ORANGE CA 92868
Dinesh M. Kumar	officer: Chief Health Officer	C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN & COUNTRY ROAD, SUITE 1600, ORANGE CA 92868
Dawn Christine Maroney	officer: President, Markets	C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN & COUNTRY ROAD, SUITE 1600, ORANGE CA 92868
John E Kao	director, officer: Chief Executive Officer
Richard A. Cross	officer: SVP, General Counsel	C/O ALIGNMENT HEALTHCARE, INC., 1100 W. TOWN AND COUNTRY ROAD, STE. 1600, ORANGE CA 92868
Warburg Pincus Llc	director, 10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
General Atlantic (aln Hlth), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE COMPANY, LP, 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055