Donegal Group (Donegal Group) Cash-to-Debt : 0.57 (As of Mar. 2024)

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What is Donegal Group 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. Donegal Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.57.

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, Donegal Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

DGICB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 0.68 Max: 2.56
Current: 0.57

During the past 13 years, Donegal Group's highest Cash to Debt Ratio was 2.56. The lowest was 0.32. And the median was 0.68.

DGICB's Cash-to-Debt is ranked worse than
75.51% of 486 companies
in the Insurance industry
Industry Median: 1.85 vs DGICB: 0.57

Donegal Group Cash-to-Debt Historical Data

The historical data trend for Donegal Group'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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Donegal Group Cash-to-Debt Chart

Donegal Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.23

1.15

1.65

0.72

0.68

Donegal Group 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															0.65	0.71	0.68	0.68	0.57

Competitive Comparison of Donegal Group's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Donegal Group'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.

Donegal Group's Cash-to-Debt Distribution in the Insurance Industry

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

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

Donegal Group 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.

Donegal Group'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)
	=	23.792	/	(35	+	0)
	=	0.68

Donegal Group'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)
	=	19.805	/	(35	+	0)
	=	0.57

Donegal Group (NAS:DGICB) 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.

Donegal Group Cash-to-Debt Related Terms

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Donegal Group (Donegal Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Donegal Group Inc (NAS:DGICB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DGICA:USA

Address

1195 River Road, P.O. Box 302, Marietta, PA, USA, 17547-0302

Website

https://www.donegalgroup.com

Donegal Group Inc is an insurance holding company that offers personal and commercial lines of property and casualty insurance to businesses and individuals. The company's reportable segments are its Investment function, Personal lines of insurance, Commercial lines of insurance. Personal lines products consist primarily of homeowners and private passenger automobile policies. The Commercial lines products of its insurance subsidiaries consist primarily of commercial automobile, commercial multi-peril, and workers' compensation policies. The group primarily operates in the United States.