F&G Annuities & Life (F&G Annuities & Life) Cash-to-Debt : 1.35 (As of Mar. 2024)

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What is F&G Annuities & Life 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. F&G Annuities & Life's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.35.

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, F&G Annuities & Life 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 F&G Annuities & Life's Cash-to-Debt or its related term are showing as below:

FG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85 Med: 1.08 Max: 2.37
Current: 1.35

During the past 5 years, F&G Annuities & Life's highest Cash to Debt Ratio was 2.37. The lowest was 0.85. And the median was 1.08.

FG's Cash-to-Debt is ranked worse than
55.93% of 481 companies
in the Insurance industry
Industry Median: 1.81 vs FG: 1.35

F&G Annuities & Life Cash-to-Debt Historical Data

The historical data trend for F&G Annuities & Life'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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F&G Annuities & Life Cash-to-Debt Chart

F&G Annuities & Life Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

1.47

1.55

0.85

0.89

F&G Annuities & Life Quarterly Data
	Dec19	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							1.00	1.07	1.10	0.89	1.35

Competitive Comparison of F&G Annuities & Life's Cash-to-Debt

For the Insurance - Life subindustry, F&G Annuities & Life'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.

F&G Annuities & Life's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, F&G Annuities & Life's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where F&G Annuities & Life's Cash-to-Debt falls into.

F&G Annuities & Life 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.

F&G Annuities & Life'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)
	=	1563	/	(0	+	1765)
	=	0.89

F&G Annuities & Life'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)
	=	2372	/	(357	+	1402)
	=	1.35

F&G Annuities & Life (NYSE:FG) 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.

F&G Annuities & Life Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of F&G Annuities & Life's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

F&G Annuities & Life (F&G Annuities & Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » F&G Annuities & Life Inc (NYSE:FG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Grand Avenue, Suite 2600, Des Moines, IA, USA, 50309

Website

https://www.fglife.com

F&G Annuities & Life Inc is a provider of insurance solutions serving retail annuity and life customers as well as institutional clients. Through its insurance subsidiaries, including FGL Insurance and Fidelity & Guaranty Life Insurance Company of New York it markets a broad portfolio of deferred annuities (fixed indexed annuities (FIAs) and multi-year guarantee annuities (MYGAs) or other fixed rate annuities), immediate annuities, indexed universal life (IUL) insurance, funding agreements (through funding agreement-backed notes (FABN) issuances and the Federal Home Loan Bank of Atlanta (FHLB)) and pension risk transfer (PRT) solutions.

Executives

Christopher O Blunt	officer: President & CEO	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Doka Celina J. Wang	director	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Douglas K Ammerman	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas Martinez	director	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Currier John David Jr.	officer: President, Retail Markets	601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Scott D. Cochran	officer: President, Inst. & New Markets	1370 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Young Wendy J.b.	officer: CFO	TWO RUAN CENTER, 601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Leena Punjabi	officer: Chief Investment Officer	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
David Edward Martin	officer: CRO	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Foley William P Ii	director, officer: Exec Chairman of the Board	FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Fidelity National Financial, Inc.	10 percent owner	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John D Rood	director	3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257
Raymond R Quirk	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael Joseph Nolan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204