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Progressive Balance Sheet Health
Financial Health criteria checks 5/6
Progressive has a total shareholder equity of $23.3B and total debt of $6.9B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are $97.9B and $74.6B respectively. Progressive's EBIT is $9.0B making its interest coverage ratio 32.3. It has cash and short-term investments of $823.6M.
Key information
29.5%
Debt to equity ratio
US$6.89b
Debt
Interest coverage ratio | 32.3x |
Cash | US$823.60m |
Equity | US$23.34b |
Total liabilities | US$74.55b |
Total assets | US$97.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGV's short term assets ($21.3B) do not cover its short term liabilities ($67.6B).
Long Term Liabilities: PGV's short term assets ($21.3B) exceed its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: PGV's net debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: PGV's debt to equity ratio has reduced from 32.5% to 29.5% over the past 5 years.
Debt Coverage: PGV's debt is well covered by operating cash flow (193.9%).
Interest Coverage: PGV's interest payments on its debt are well covered by EBIT (32.3x coverage).