Ryan Specialty Holdings (Ryan Specialty Holdings) Cash-to-Debt : 1.79 (As of Mar. 2024)

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What is Ryan Specialty Holdings 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. Ryan Specialty Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.79.

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, Ryan Specialty Holdings 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 Ryan Specialty Holdings's Cash-to-Debt or its related term are showing as below:

RYAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.16 Med: 1.54 Max: 1.99
Current: 1.79

During the past 5 years, Ryan Specialty Holdings's highest Cash to Debt Ratio was 1.99. The lowest was 1.16. And the median was 1.54.

RYAN's Cash-to-Debt is ranked worse than
51.24% of 482 companies
in the Insurance industry
Industry Median: 1.885 vs RYAN: 1.79

Ryan Specialty Holdings Cash-to-Debt Historical Data

The historical data trend for Ryan Specialty Holdings'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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Ryan Specialty Holdings Cash-to-Debt Chart

Ryan Specialty Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.90

1.36

1.65

1.67

1.84

Ryan Specialty Holdings Quarterly Data
	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													1.48	1.99	1.52	1.84	1.79

Competitive Comparison of Ryan Specialty Holdings's Cash-to-Debt

For the Insurance - Specialty subindustry, Ryan Specialty Holdings'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.

Ryan Specialty Holdings's Cash-to-Debt Distribution in the Insurance Industry

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

* The bar in red indicates where Ryan Specialty Holdings's Cash-to-Debt falls into.

Ryan Specialty Holdings 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.

Ryan Specialty Holdings'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)
	=	3970.45	/	(56.744	+	2098.294)
	=	1.84

Ryan Specialty Holdings'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)
	=	3846.772	/	(58.989	+	2090.242)
	=	1.79

Ryan Specialty Holdings (NYSE:RYAN) 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.

Ryan Specialty Holdings Cash-to-Debt Related Terms

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

Ryan Specialty Holdings (Ryan Specialty Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ryan Specialty Holdings Inc (NYSE:RYAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 North Stetson Avenue, Suite 4600, Two Prudential Plaza, Chicago, IL, USA, 60601

Website

https://www.ryanspecialty.com

Ryan Specialty Holdings Inc is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.

Executives

David P Bolger	director	200 EST RANDOLPH ST, CHICAGO IL 60601
Anthony J Kuczinski	director	800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Nicholas Dominic Cortezi	director, officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Lisa Jo Paschal-alcorn	officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Michael Conklin	officer: EVP & CHRO	500 DELAWARE AVENUE, WSFS FINANCIAL CORPORATION & BANK CENTER, WILMINGTON DE 19801
Francesca Cornelli	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Brendan Martin Mulshine	officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Onex Corp	director	161 BAY STREET, P O BOX 700, TORONTO ONTARIO CANA A6
Timothy William Turner	director, officer: President	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Patrick G Ryan	director, 10 percent owner, officer: Chief Executive Officer	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Mark Stephen Katz	officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Michael Thomas Vanacker	officer: See Remarks	180 N. STETSON AVENUE, SUITE 4600, CHICAGO IL 60601
Michael D Ohalleran	director	1450 WAUKEGAN ROAD, MCGAW PARK, CHICAGO IL 60085
Michelle L Collins	director	C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60503
Devers William J Jr	director	233 NORTH MICHIGAN AVENUE, 22ND FLOOR, CHICAGO IL 60601