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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. Clover Health Investments's cash to debt ratio for the quarter that ended in Dec. 2023 was 52.05.
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, Clover Health Investments 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 Clover Health Investments's Cash-to-Debt or its related term are showing as below:
During the past 5 years, Clover Health Investments's highest Cash to Debt Ratio was 57.13. The lowest was 0.70. And the median was 37.08.
The historical data trend for Clover Health Investments'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.
Clover Health Investments Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cash-to-Debt | N/A | 0.70 | 22.11 | 57.13 | 52.05 |
Clover Health Investments 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 | 57.13 | 72.20 | 97.27 | 104.26 | 52.05 |
For the Healthcare Plans subindustry, Clover Health Investments'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.
For the Healthcare Plans industry and Healthcare sector, Clover Health Investments's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Clover Health Investments's Cash-to-Debt falls into.
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.
Clover Health Investments'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) | |
= | 242.685 | / | (1.665 | + | 2.998) | |
= | 52.04 |
Clover Health Investments'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) | |
= | 242.685 | / | (1.665 | + | 2.998) | |
= | 52.04 |
* 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.
Clover Health Investments (NAS:CLOV) 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.
Thank you for viewing the detailed overview of Clover Health Investments's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Karen Soares | officer: General Counsel & Secretary | 3401 MALLORY LANE, SUITE 210, FRANKLIN TN 37067 |
Clover Health Investments, Corp. /de | officer: Chief Technology Officer | 3401 MALLORY LANE, SUITE 210, FRANKLIN TN 37067 |
Anna U Loengard | director | C/O CLOVER HEALTH INVESTMENTS, CORP., 3401 MALLORY LANE, SUITE 210, FRANKLIN TN 37067 |
Andrew Toy | director, officer: Chief Executive Officer | C/O CLOVER HEALTH INVESTMENTS, CORP., 725 COOL SPRINGS BLVD., SUITE 320, FRANKLIN TN 37067 |
Scott J. Leffler | officer: Chief Financial Officer | C/O CLOVER HEALTH INVESTMENTS, CORP., 3401 MALLORY LANE, SUITE 210, FRANKLIN TN 37067 |
Brady Patrick Priest | officer: CEO of Home Care | C/O CLOVER HEALTH INVESTMENTS, CORP., FRANKLIN TN 37067 |
Demetrios L. Kouzoukas | director | C/O CLOVER HEALTH INVESTMENTS, CORP., 725 COOL SPRINGS BLVD., SUITE 320, FRANKLIN FL 37067 |
Aric R Sharp | officer: CEO of Value-Based Care | C/O CLOVER HEALTH INVESTMENTS, CORP., 3401 MALLORY LANE, SUITE 210, FRANKLIN TN 37067 |
Wai Conrad | officer: Chief Technology Officer | 3401 MALLORY LANE, SUITE 210, FRANKLIN TN 37067 |
Joseph Richards Martin | officer: General Counsel | C/O LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219 |
Vivek Garipalli | director, 10 percent owner, officer: Executive Chairperson | C/O CLOVER HEALTH INVESTMENTS, CORP., 725 COOL SPRINGS BLVD., SUITE 320, FRANKLIN TN 37067 |
Carladenise Armbrister Edwards | director | C/O CLOVER HEALTH INVESTMENTS, CORP., 3401 MALLORY LANE, SUITE 210, FRANKLIN TN 37067 |
Chelsea Clinton | director | C/O IAC 555 W 18TH STREET, NEW YORK NY 10011 |
Jamie L. Reynoso | officer: CEO of Medicare Advantage | C/O CLOVER HEALTH INVESTMENTS, CORP., 725 COOL SPRINGS BLVD., SUITE 320, FRANKLIN TN 37067 |
Chamath Palihapitiya | 10 percent owner, other: See Remarks | THE SOCIAL-CAPITAL PARTNERSHIP, L.L.C., 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025 |
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