Mercury General Balance Sheet Health
Financial Health criteria checks 3/6
Mercury General has a total shareholder equity of $1.9B and total debt of $574.0M, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are $8.2B and $6.3B respectively. Mercury General's EBIT is $706.6M making its interest coverage ratio 22.7. It has cash and short-term investments of $905.0M.
Key information
30.8%
Debt to equity ratio
US$574.03m
Debt
| Interest coverage ratio | 22.7x |
| Cash | US$904.98m |
| Equity | US$1.86b |
| Total liabilities | US$6.29b |
| Total assets | US$8.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCG's short term assets ($1.8B) do not cover its short term liabilities ($2.3B).
Long Term Liabilities: MCG's short term assets ($1.8B) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: MCG has more cash than its total debt.
Reducing Debt: MCG's debt to equity ratio has increased from 20.7% to 30.8% over the past 5 years.
Debt Coverage: MCG's debt is well covered by operating cash flow (176.7%).
Interest Coverage: MCG's interest payments on its debt are well covered by EBIT (22.7x coverage).