Essent Group Balance Sheet Health
Financial Health criteria checks 6/6
Essent Group has a total shareholder equity of $5.1B and total debt of $421.9M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are $6.4B and $1.3B respectively. Essent Group's EBIT is $857.6M making its interest coverage ratio 28.5. It has cash and short-term investments of $1.1B.
Key information
8.3%
Debt to equity ratio
US$421.92m
Debt
Interest coverage ratio | 28.5x |
Cash | US$1.07b |
Equity | US$5.10b |
Total liabilities | US$1.32b |
Total assets | US$6.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EG0's short term assets ($1.6B) exceed its short term liabilities ($331.0M).
Long Term Liabilities: EG0's short term assets ($1.6B) exceed its long term liabilities ($993.1M).
Debt to Equity History and Analysis
Debt Level: EG0 has more cash than its total debt.
Reducing Debt: EG0's debt to equity ratio has reduced from 9.5% to 8.3% over the past 5 years.
Debt Coverage: EG0's debt is well covered by operating cash flow (180.8%).
Interest Coverage: EG0's interest payments on its debt are well covered by EBIT (28.5x coverage).