Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028
Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insur… Read more
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (CNFRZ) - Total Assets
Latest total assets as of March 2024: $201.23 Million USD
Based on the latest financial reports, Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (CNFRZ) holds total assets worth $201.23 Million USD as of March 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 - Total Assets Trend (2013–2023)
This chart illustrates how Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 - Asset Composition Analysis
Current Asset Composition (December 2023)
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028's total assets of $201.23 Million consist of 32.6% current assets and 67.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.5% |
| Accounts Receivable | $113.84 Million | 56.6% |
| Inventory | $-61.33 Million | -30.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2013–2023)
This chart illustrates how Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028's current assets represent 32.6% of total assets in 2023, a decrease from 38.5% in 2013.
- Cash Position: Cash and equivalents constituted 5.5% of total assets in 2023, down from 11.7% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 2.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 56.6% of total assets.
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 Competitors by Total Assets
Key competitors of Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 generates 0.49x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 is currently not profitable relative to its asset base.
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.71 | 3.28 | 0.06 |
| Quick Ratio | 3.64 | 15.19 | 0.06 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-26.15 Million | $ 49.56 Million | $ -150.24 Million |
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 - Advanced Valuation Insights
This section examines the relationship between Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.28 |
| Asset Growth Rate (YoY) | -35.6% |
| Total Assets | $201.23 Million |
| Market Capitalization | $55.63 Million USD |
Valuation Analysis
Below Book Valuation: The market values Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028's assets below their book value (0.28 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028's assets decreased by 35.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (2013–2023)
The table below shows the annual total assets of Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 from 2013 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $201.23 Million | -35.58% |
| 2022-12-31 | $312.35 Million | +7.56% |
| 2021-12-31 | $290.40 Million | +11.01% |
| 2020-12-31 | $261.60 Million | +5.80% |
| 2019-12-31 | $247.26 Million | +6.24% |
| 2018-12-31 | $232.75 Million | -2.63% |
| 2017-12-31 | $239.03 Million | +17.34% |
| 2016-12-31 | $203.70 Million | +14.49% |
| 2015-12-31 | $177.93 Million | +8.67% |
| 2014-12-31 | $163.74 Million | +69.05% |
| 2013-12-31 | $96.86 Million | -- |