Enact Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Enact Holdings has a total shareholder equity of $5.0B and total debt of $742.7M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are $6.6B and $1.6B respectively. Enact Holdings's EBIT is $937.4M making its interest coverage ratio 18.1. It has cash and short-term investments of $674.9M.
Key information
14.7%
Debt to equity ratio
US$742.71m
Debt
| Interest coverage ratio | 18.1x |
| Cash | US$674.91m |
| Equity | US$5.04b |
| Total liabilities | US$1.56b |
| Total assets | US$6.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 61W's short term assets ($769.7M) exceed its short term liabilities ($631.8M).
Long Term Liabilities: 61W's short term assets ($769.7M) do not cover its long term liabilities ($929.0M).
Debt to Equity History and Analysis
Debt Level: 61W's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: 61W's debt to equity ratio has increased from 0% to 14.7% over the past 5 years.
Debt Coverage: 61W's debt is well covered by operating cash flow (95.6%).
Interest Coverage: 61W's interest payments on its debt are well covered by EBIT (18.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 17:21 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Enact Holdings, Inc. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mihir Bhatia | BofA Global Research |
| Eric Hagen | BTIG |
| Arren Cyganovich | Citigroup Inc |