Enact Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Enact Holdings has a total shareholder equity of $4.8B and total debt of $742.4M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are $6.3B and $1.5B respectively. Enact Holdings's EBIT is $920.8M making its interest coverage ratio 17.5. It has cash and short-term investments of $711.3M.
Key information
15.4%
Debt to equity ratio
US$742.37m
Debt
| Interest coverage ratio | 17.5x |
| Cash | US$711.35m |
| Equity | US$4.83b |
| Total liabilities | US$1.52b |
| Total assets | US$6.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 61W's short term assets ($805.4M) exceed its short term liabilities ($638.0M).
Long Term Liabilities: 61W's short term assets ($805.4M) do not cover its long term liabilities ($885.5M).
Debt to Equity History and Analysis
Debt Level: 61W's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 61W's debt to equity ratio has increased from 0% to 15.4% over the past 5 years.
Debt Coverage: 61W's debt is well covered by operating cash flow (91.2%).
Interest Coverage: 61W's interest payments on its debt are well covered by EBIT (17.5x coverage).