What is UTG 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. UTG's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.17.
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, UTG 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 UTG's Cash-to-Debt or its related term are showing as below:
UTGN'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.28 Med: 5002.61 Max: No Debt
Current: 2.17
During the past 13 years, UTG's highest Cash to Debt Ratio was No Debt. The lowest was 1.28. And the median was 5002.61.
UTG Cash-to-Debt Historical Data
The historical data trend for UTG'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.
UTG Cash-to-Debt Chart
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UTG Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
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|
|
No Debt |
No Debt |
1.28 |
2.38 |
2.17 |
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UTG Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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2.38 |
No Debt |
No Debt |
No Debt |
2.17 |
Competitive Comparison of UTG's Cash-to-Debt
For the Insurance - Life subindustry, UTG'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.
UTG's Cash-to-Debt Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, UTG's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where UTG's Cash-to-Debt falls into.
UTG 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.
UTG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
UTG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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.
UTG (UTGN) Business Description
Traded in Other Exchanges
N/A
Address
205 North Depot Street, Stanford, KY, USA, 40484
UTG Inc operates as a life insurance holding company. The company's primary business is individual life insurance which includes the servicing of existing insurance business in force and the acquisition of other companies in the insurance business and administration processing of life insurance business for other entities. Its product offering is the Tradition policy which is a fixed premium whole life insurance policy. Premiums are level and payable for life. Issue ages are 0-75. The second is the annuity product, which is a five-year, single premium product. The company's investment portfolio consists of fixed maturities, equity securities, trading securities, mortgage loans, notes receivable and real estate to provide funding for future policy contractual obligations.
Executives
| Daniel T Roberts |
officer: Vice President |
205 NORTH DEPOT STREET, STANFORD KY 40484 |
| Jesse T Correll |
director, 10 percent owner, officer: Chairman & CEO |
|
| Bradley John Betack |
officer: Secretary |
205 NORTH DEPOT STREET, STANFORD KY 40484 |
| John Cortines |
director |
205 NORTH DEPOT STREET, STANFORD KY 40484 |
| Preston Howard Correll |
director |
205 NORTH DEPOT STREET, STANFORD KY 40484 |
| April Chapman |
director |
205 NORTH DEPOT STREET, STANFORD KY 40484 |
| First Southern Funding Llc |
10 percent owner |
|
| Cumberland Lake Shell Inc |
10 percent owner |
PO BOX 430, SOMERSET KY 42502 |
| Kirk A. Correll |
10 percent owner |
P.O. BOX 328, 99 LANCASTER STREET, STANFORD KY 40484 |
| Estate Of Ward F. Correll |
10 percent owner |
P.O. BOX 328, 99 LANCASTER STREET, STANFORD KY 40484 |
| James Patrick Rousey |
director, officer: President |
5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703 |
| Douglas Paul Ditto |
officer: Vice President |
5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703 |
| Thomas Eugene Harmon |
director |
5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703 |
| Gabriel John Molnar |
director |
12910 SHELBYVILLE RD #200, LOUISVILLE KY 40243 |
| Brian J Crall |
director |
101 PORTSMOUTH LANE, FRANKFORT KY 40601 |
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