Horace Mann Educators Balance Sheet Health
Financial Health criteria checks 2/6
Horace Mann Educators has a total shareholder equity of $1.2B and total debt of $1.5B, which brings its debt-to-equity ratio to 123.4%. Its total assets and total liabilities are $14.0B and $12.9B respectively. Horace Mann Educators's EBIT is $83.0M making its interest coverage ratio 2.8. It has cash and short-term investments of $161.9M.
Key information
123.4%
Debt to equity ratio
US$1.45b
Debt
Interest coverage ratio | 2.8x |
Cash | US$161.90m |
Equity | US$1.18b |
Total liabilities | US$12.87b |
Total assets | US$14.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HM9's short term assets ($3.6B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: HM9's short term assets ($3.6B) do not cover its long term liabilities ($11.6B).
Debt to Equity History and Analysis
Debt Level: HM9's net debt to equity ratio (109.6%) is considered high.
Reducing Debt: HM9's debt to equity ratio has increased from 23.1% to 123.4% over the past 5 years.
Debt Coverage: HM9's debt is well covered by operating cash flow (20.8%).
Interest Coverage: HM9's interest payments on its debt are not well covered by EBIT (2.8x coverage).