Hanover Insurance Group Balance Sheet Health
Financial Health criteria checks 3/6
Hanover Insurance Group has a total shareholder equity of $2.1B and total debt of $783.0M, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are $14.3B and $12.2B respectively.
Key information
37.0%
Debt to equity ratio
US$783.00m
Debt
Interest coverage ratio | n/a |
Cash | US$294.50m |
Equity | US$2.12b |
Total liabilities | US$12.20b |
Total assets | US$14.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THGI34's short term assets ($4.2B) do not cover its short term liabilities ($11.4B).
Long Term Liabilities: THGI34's short term assets ($4.2B) exceed its long term liabilities ($783.0M).
Debt to Equity History and Analysis
Debt Level: THGI34's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: THGI34's debt to equity ratio has increased from 26.1% to 37% over the past 5 years.
Debt Coverage: THGI34's debt is well covered by operating cash flow (59.7%).
Interest Coverage: Insufficient data to determine if THGI34's interest payments on its debt are well covered by EBIT.