Oscar Health (Oscar Health) Cash-to-Debt : 6.26 (As of Dec. 2023)

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What is Oscar Health 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. Oscar Health's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.26.

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

OSCR' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.23 Med: 6.26 Max: No Debt
Current: 6.26

During the past 5 years, Oscar Health's highest Cash to Debt Ratio was No Debt. The lowest was 5.23. And the median was 6.26.

OSCR's Cash-to-Debt is ranked better than
76.19% of 21 companies
in the Healthcare Plans industry
Industry Median: 1.87 vs OSCR: 6.26

Oscar Health Cash-to-Debt Historical Data

The historical data trend for Oscar Health'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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Oscar Health Cash-to-Debt Chart

Oscar Health Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

5.80

No Debt

5.23

6.26

Oscar Health 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												5.23	7.07	7.78	4.69	6.26

Competitive Comparison of Oscar Health's Cash-to-Debt

For the Healthcare Plans subindustry, Oscar Health'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.

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

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

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

Oscar Health 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.

Oscar Health'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)
	=	1870.315	/	(0	+	298.777)
	=	6.26

Oscar Health'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)
	=	1870.315	/	(0	+	298.777)
	=	6.26

Oscar Health (NYSE:OSCR) 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.

Oscar Health Cash-to-Debt Related Terms

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Oscar Health (Oscar Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Oscar Health Inc (NYSE:OSCR) » Definitions » Cash-to-Debt

Comparable Companies

ALHC 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

75 Varick Street, 5th Floor, New York, NY, USA, 10013

Website

https://www.hioscar.com

Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.

Executives

Alessandrea C. Quane	officer: EVP, Chief Insurance Officer	175 WATER STREET, NEW YORK NY 10038
Richard Scott Blackley	officer: Chief Financial Officer	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ranmali Bopitiya	officer: EVP & Chief Legal Officer	C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Victoria Baltrus	officer: Chief Accounting Officer	C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Mario Schlosser	director, officer: Chief Executive Officer	C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Sid Sankaran	director, officer: Chief Financial Officer	180 MAIDEN LANE, NEW YORK NY 10038
Alphabet Inc.	10 percent owner	1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Mark T Bertolini	director, officer: Chief Executive Officer	AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
William Gassen	director	75 VARICK STREET, 5TH FLOOR, NEW YORK CITY NY 10013
Laura W Lang	director	DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199
Dennis Weaver	officer: Chief Clinical Officer	C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Meghan V. Joyce	officer: Chief Operating Officer	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Thrive Partners Vii Growth Gp, Llc	10 percent owner	295 LAFAYETTE STREET, NEW YORK NY 10012
Joshua Kushner	director, 10 percent owner, officer: See Remarks	C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Thrive Partners Vii Gp, Llc	10 percent owner	295 LAFAYETTE STREET, NEW YORK NY 10012