Hanover Insurance Group Balance Sheet Health
Financial Health criteria checks 4/6
Hanover Insurance Group has a total shareholder equity of $2.9B and total debt of $783.9M, which brings its debt-to-equity ratio to 27.2%. Its total assets and total liabilities are $15.4B and $12.5B respectively. Hanover Insurance Group's EBIT is $510.6M making its interest coverage ratio 15. It has cash and short-term investments of $427.1M.
Key information
27.2%
Debt to equity ratio
US$783.90m
Debt
| Interest coverage ratio | 15x |
| Cash | US$427.10m |
| Equity | US$2.88b |
| Total liabilities | US$12.49b |
| Total assets | US$15.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AF4's short term assets ($4.4B) do not cover its short term liabilities ($11.7B).
Long Term Liabilities: AF4's short term assets ($4.4B) exceed its long term liabilities ($783.9M).
Debt to Equity History and Analysis
Debt Level: AF4's net debt to equity ratio (12.4%) is considered satisfactory.
Reducing Debt: AF4's debt to equity ratio has increased from 21.6% to 27.2% over the past 5 years.
Debt Coverage: AF4's debt is well covered by operating cash flow (87.4%).
Interest Coverage: AF4's interest payments on its debt are well covered by EBIT (15x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 04:33 |
| End of Day Share Price | 2024/12/30 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
The Hanover Insurance Group, Inc. is covered by 24 analysts. 6 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 |
|---|---|
| Jay Gelb | Barclays |
| Michael Zaremski | BMO Capital Markets Equity Research |
| Robert Farnam | Boenning & Scattergood, Inc. |