Progressive Balance Sheet Health
Financial Health criteria checks 5/6
Progressive has a total shareholder equity of $27.2B and total debt of $6.9B, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are $105.2B and $78.0B respectively. Progressive's EBIT is $10.5B making its interest coverage ratio 37.8. It has cash and short-term investments of $892.6M.
Key information
25.4%
Debt to equity ratio
US$6.89b
Debt
| Interest coverage ratio | 37.8x |
| Cash | US$892.60m |
| Equity | US$27.16b |
| Total liabilities | US$78.04b |
| Total assets | US$105.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1GR34's short term assets ($21.9B) do not cover its short term liabilities ($70.7B).
Long Term Liabilities: P1GR34's short term assets ($21.9B) exceed its long term liabilities ($7.4B).
Debt to Equity History and Analysis
Debt Level: P1GR34's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: P1GR34's debt to equity ratio has reduced from 30.7% to 25.4% over the past 5 years.
Debt Coverage: P1GR34's debt is well covered by operating cash flow (211.1%).
Interest Coverage: P1GR34's interest payments on its debt are well covered by EBIT (37.8x coverage).