Hanover Insurance Group Balance Sheet Health
Financial Health criteria checks 4/6
Hanover Insurance Group has a total shareholder equity of $2.6B and total debt of $783.7M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are $14.9B and $12.3B respectively. Hanover Insurance Group's EBIT is $380.0M making its interest coverage ratio 11.1. It has cash and short-term investments of $337.6M.
Key information
30.7%
Debt to equity ratio
US$783.70m
Debt
| Interest coverage ratio | 11.1x |
| Cash | US$337.60m |
| Equity | US$2.55b |
| Total liabilities | US$12.32b |
| Total assets | US$14.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AF4's short term assets ($4.3B) do not cover its short term liabilities ($11.5B).
Long Term Liabilities: AF4's short term assets ($4.3B) exceed its long term liabilities ($783.7M).
Debt to Equity History and Analysis
Debt Level: AF4's net debt to equity ratio (17.5%) is considered satisfactory.
Reducing Debt: AF4's debt to equity ratio has increased from 22.2% to 30.7% over the past 5 years.
Debt Coverage: AF4's debt is well covered by operating cash flow (65.3%).
Interest Coverage: AF4's interest payments on its debt are well covered by EBIT (11.1x coverage).