Radian Group Balance Sheet Health
Financial Health criteria checks 3/6
Radian Group has a total shareholder equity of $4.7B and total debt of $2.0B, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are $8.4B and $3.7B respectively. Radian Group's EBIT is $895.5M making its interest coverage ratio 8.2. It has cash and short-term investments of $432.8M.
Key information
41.7%
Debt to equity ratio
US$1.96b
Debt
| Interest coverage ratio | 8.2x |
| Cash | US$432.81m |
| Equity | US$4.70b |
| Total liabilities | US$3.72b |
| Total assets | US$8.42b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAG's short term assets ($1.7B) exceed its short term liabilities ($410.6M).
Long Term Liabilities: RAG's short term assets ($1.7B) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: RAG's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: RAG's debt to equity ratio has increased from 25.3% to 41.7% over the past 5 years.
Debt Coverage: RAG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RAG's interest payments on its debt are well covered by EBIT (8.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 14:05 |
| 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
Radian Group Inc. is covered by 22 analysts. 5 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 |
|---|---|
| Bruce Harting | Barclays |
| Terry Ma | Barclays |
| Mihir Bhatia | BofA Global Research |