Hiscox Balance Sheet Health
Financial Health criteria checks 5/6
Hiscox has a total shareholder equity of $3.3B and total debt of $674.4M, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are $11.1B and $7.8B respectively. Hiscox's EBIT is $702.6M making its interest coverage ratio 14.1. It has cash and short-term investments of $3.0B.
Key information
20.5%
Debt to equity ratio
US$674.40m
Debt
Interest coverage ratio | 14.1x |
Cash | US$2.97b |
Equity | US$3.30b |
Total liabilities | US$7.76b |
Total assets | US$11.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H2X3's short term assets ($5.6B) exceed its short term liabilities ($372.5M).
Long Term Liabilities: H2X3's short term assets ($5.6B) do not cover its long term liabilities ($7.4B).
Debt to Equity History and Analysis
Debt Level: H2X3 has more cash than its total debt.
Reducing Debt: H2X3's debt to equity ratio has reduced from 31% to 20.5% over the past 5 years.
Debt Coverage: H2X3's debt is well covered by operating cash flow (34.4%).
Interest Coverage: H2X3's interest payments on its debt are well covered by EBIT (14.1x coverage).