Erie Indemnity Balance Sheet Health
Financial Health criteria checks 6/6
Erie Indemnity has a total shareholder equity of $1.8B and total debt of $6.3M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $2.7B and $863.1M respectively. Erie Indemnity's EBIT is $638.9M making its interest coverage ratio -10.5. It has cash and short-term investments of $204.3M.
Key information
0.3%
Debt to equity ratio
US$6.35m
Debt
| Interest coverage ratio | -10.5x |
| Cash | US$204.34m |
| Equity | US$1.83b |
| Total liabilities | US$863.15m |
| Total assets | US$2.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EI2's short term assets ($1.0B) exceed its short term liabilities ($772.3M).
Long Term Liabilities: EI2's short term assets ($1.0B) exceed its long term liabilities ($90.9M).
Debt to Equity History and Analysis
Debt Level: EI2 has more cash than its total debt.
Reducing Debt: EI2's debt to equity ratio has reduced from 9.3% to 0.3% over the past 5 years.
Debt Coverage: EI2's debt is well covered by operating cash flow (6616.5%).
Interest Coverage: EI2 earns more interest than it pays, so coverage of interest payments is not a concern.