Athene Holding (Athene Holding) Cash-to-Debt : 2.67 (As of Mar. 2024)

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What is Athene Holding 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. Athene Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.67.

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, Athene Holding could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Athene Holding's Cash-to-Debt or its related term are showing as below:

ATHpD.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.31 Med: 3.91 Max: No Debt
Current: 3.14

During the past 11 years, Athene Holding's highest Cash to Debt Ratio was No Debt. The lowest was 1.31. And the median was 3.91.

ATHpD.PFD's Cash-to-Debt is not ranked
in the Insurance industry.
Industry Median: 1.85 vs ATHpD.PFD: 3.14

Athene Holding Cash-to-Debt Historical Data

The historical data trend for Athene Holding'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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Athene Holding Cash-to-Debt Chart

Athene Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.89

3.90

3.25

2.23

3.12

Athene Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.97	2.94	2.79	3.12	2.67

Competitive Comparison of Athene Holding's Cash-to-Debt

For the Insurance - Diversified subindustry, Athene Holding'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.

Athene Holding's Cash-to-Debt Distribution in the Insurance Industry

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

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

Athene Holding 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.

Athene Holding'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)
	=	13118	/	(0	+	4209)
	=	3.12

Athene Holding's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	15343	/	(0	+	5740)
	=	2.67

Athene Holding (NYSE:ATHpD.PFD) 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.

Athene Holding Cash-to-Debt Related Terms

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

Athene Holding (Athene Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Athene Holding Ltd (NYSE:ATHpD.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ATHpC.PFD:USA ATHpB.PFD:USA ATHpA.PFD:USA

Address

16 Church Street, Second Floor, Washington House, Hamilton, BMU, HM 11

Website

https://www.athene.com

Athene Holding Ltd is a retirement services company. It issues, reinsures, and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. The company operates in the business segment of marketing annuity products, fixed rate and fixed indexed annuities. The entity has business operations in the US and other countries. The company earns majority of the revenue from US.

Executives

Vishal Narendra Sheth	director	SECOND FLOOR, WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Michael Stephen Downing	officer: EVP, COO and Chief Actuary	SECOND FLOOR, WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Marc J Rowan	director	APOLLO ADVISORS LP, 1301 AVE OF THE AMERICAS, NEW YORK NY 10019
Sarah Jean Vanbeck	officer: SVP, Corp. Controller & PAO	SECOND FLOOR, WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
John Leonard Golden	officer: EVP and General Counsel	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Douglas Bartlett Niemann	officer: EVP and Chief Risk Officer	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Lynn C Swann	director	C/O AMERICAN HOMES 4 RENT, 23975 PARK SORRENTO, SUITE 300, CALABASAS CA 91302
Apollo Principal Holdings Ii, L.p.	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Principal Holdings Ii Gp, Llc	10 percent owner	9 W. 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Mitra O'neill	director	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Scott Kleinman	director	C/O APOLLO MANAGEMENT L P, 1301 AVENUE OF THE AMERICANS 38TH FL., NEW YORK NY 10018
John Andrew Sondej	officer: SVP, Controller and PAO	C/O ATHENE HOLDING LTD., CHESNEY HOUSE, FIRST FLOOR, 96 PITTS BAY ROAD, PEMBROKE D0 HM08
Travis Michael Tweed	officer: See Remarks	C/O ATHENE HOLDING LTD., CHESNEY HOUSE, FIRST FLOOR, 96 PITTS BAY ROAD, PEMBROKE D0 HM08
Fehmi Alexander Zeko	director	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Manfred Puffer	director	C/O APOLLO MANAGEMENT, L.P., 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019