Radian Group Balance Sheet Health
Financial Health criteria checks 4/6
Radian Group has a total shareholder equity of $4.4B and total debt of $1.7B, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are $7.8B and $3.3B respectively. Radian Group's EBIT is $884.3M making its interest coverage ratio 9.1. It has cash and short-term investments of $27.0M.
Key information
38.8%
Debt to equity ratio
US$1.72b
Debt
Interest coverage ratio | 9.1x |
Cash | US$26.99m |
Equity | US$4.44b |
Total liabilities | US$3.32b |
Total assets | US$7.76b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAG's short term assets ($983.7M) exceed its short term liabilities ($348.6M).
Long Term Liabilities: RAG's short term assets ($983.7M) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: RAG's net debt to equity ratio (38.1%) is considered satisfactory.
Reducing Debt: RAG's debt to equity ratio has increased from 30.7% to 38.8% over the past 5 years.
Debt Coverage: RAG's debt is well covered by operating cash flow (30.8%).
Interest Coverage: RAG's interest payments on its debt are well covered by EBIT (9.1x coverage).