Erie Indemnity Balance Sheet Health
Financial Health criteria checks 6/6
Erie Indemnity has a total shareholder equity of $1.9B and total debt of $7.9M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $2.9B and $916.2M respectively. Erie Indemnity's EBIT is $662.6M making its interest coverage ratio -10.4. It has cash and short-term investments of $246.2M.
Key information
0.4%
Debt to equity ratio
US$7.91m
Debt
| Interest coverage ratio | -10.4x |
| Cash | US$246.24m |
| Equity | US$1.95b |
| Total liabilities | US$916.19m |
| Total assets | US$2.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EI2's short term assets ($1.1B) exceed its short term liabilities ($806.9M).
Long Term Liabilities: EI2's short term assets ($1.1B) exceed its long term liabilities ($109.3M).
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 8.8% to 0.4% over the past 5 years.
Debt Coverage: EI2's debt is well covered by operating cash flow (7162.9%).
Interest Coverage: EI2 earns more interest than it pays, so coverage of interest payments is not a concern.