Mercury General Balance Sheet Health
Financial Health criteria checks 3/6
Mercury General has a total shareholder equity of $1.5B and total debt of $573.7M, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are $7.1B and $5.6B respectively. Mercury General's EBIT is $123.6M making its interest coverage ratio 5.1. It has cash and short-term investments of $729.4M.
Key information
37.1%
Debt to equity ratio
US$573.73m
Debt
Interest coverage ratio | 5.1x |
Cash | US$729.39m |
Equity | US$1.55b |
Total liabilities | US$5.56b |
Total assets | US$7.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCG's short term assets ($1.5B) do not cover its short term liabilities ($3.6B).
Long Term Liabilities: MCG's short term assets ($1.5B) do not cover its long term liabilities ($2.0B).
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 23.3% to 37.1% over the past 5 years.
Debt Coverage: MCG's debt is well covered by operating cash flow (79%).
Interest Coverage: MCG's interest payments on its debt are well covered by EBIT (5.1x coverage).