Goosehead Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Goosehead Insurance has a total shareholder equity of $28.2M and total debt of $75.1M, which brings its debt-to-equity ratio to 266%. Its total assets and total liabilities are $366.2M and $338.0M respectively. Goosehead Insurance's EBIT is $32.0M making its interest coverage ratio 6.4. It has cash and short-term investments of $51.1M.
Key information
266.0%
Debt to equity ratio
US$75.12m
Debt
Interest coverage ratio | 6.4x |
Cash | US$51.09m |
Equity | US$28.24m |
Total liabilities | US$337.97m |
Total assets | US$366.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2OX's short term assets ($76.9M) exceed its short term liabilities ($44.4M).
Long Term Liabilities: 2OX's short term assets ($76.9M) do not cover its long term liabilities ($293.5M).
Debt to Equity History and Analysis
Debt Level: 2OX's net debt to equity ratio (85.1%) is considered high.
Reducing Debt: 2OX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 2OX's debt is well covered by operating cash flow (84.2%).
Interest Coverage: 2OX's interest payments on its debt are well covered by EBIT (6.4x coverage).