Palomar Holdings (Palomar Holdings) Cash-to-Debt : 0.98 (As of Dec. 2023)

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What is Palomar 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. Palomar Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.98.

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, Palomar Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PLMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 1.87 Max: No Debt
Current: 0.98

During the past 8 years, Palomar Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.50. And the median was 1.87.

PLMR's Cash-to-Debt is ranked worse than
62.66% of 482 companies
in the Insurance industry
Industry Median: 1.885 vs PLMR: 0.98

Palomar Holdings Cash-to-Debt Historical Data

The historical data trend for Palomar 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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Palomar Holdings Cash-to-Debt Chart

Palomar Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

1.87

0.98

Palomar Holdings Quarterly Data
	Mar19	Jun19	Sep19	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															1.87	1.13	0.82	1.01	0.98

Competitive Comparison of Palomar Holdings's Cash-to-Debt

For the Insurance - Property & Casualty subindustry, Palomar 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.

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

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

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

Palomar 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.

Palomar 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)
	=	51.546	/	(52.6	+	0)
	=	0.98

Palomar Holdings'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)
	=	51.546	/	(52.6	+	0)
	=	0.98

Palomar Holdings (NAS:PLMR) 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.

Palomar Holdings Cash-to-Debt Related Terms

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Palomar Holdings (Palomar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Palomar Holdings Inc (NAS:PLMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PH8:Germany

Address

7979 Ivanhoe Avenue, Suite 500, La Jolla, CA, USA, 92037

Website

https://plmr.com

Palomar Holdings Inc is a United States-based company focused on the provision of specialty property insurance earthquake, wind, and flood insurance products. The company's core focus is on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington, and states with exposure to the New Madrid Seismic Zone. It offers specialty property insurance products in the target markets to both individuals and businesses through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Its products include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Inland Marine, Commercial All Risk, Hawaii Hurricane, Residential Flood and others.

Executives

T Christopher Uchida	officer: Chief Financial Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Jon Christianson	officer: Chief Operating Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Angela L. Grant	officer: Chief Legal Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Michelle Antoinette Johnson	officer: Senior VP, People & Talent	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Jonathan Knutzen	officer: Chief Risk Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92121
Mac Armstrong	director, officer: Chief Executive Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
William Bold	officer: Chief Strategy Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Heath A Fisher	officer: President	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Martha Notaras	director	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Robert E Dowdell	director
Daina Middleton	director	C/O MARIN SOFTWARE INCORPORATED, 123 MISSION STREET, 25TH FLOOR, SAN FRANCISCO CA 94105
Richard H Taketa	director	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Britt Morries	officer: Chief Operating Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Andrew T Robinson	officer: Chief Underwriting Officer	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Daryl Bradley	director	7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037