Progressive Balance Sheet Health
Financial Health criteria checks 5/6
Progressive has a total shareholder equity of $21.8B and total debt of $6.9B, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are $94.1B and $72.3B respectively. Progressive's EBIT is $7.6B making its interest coverage ratio 27.5. It has cash and short-term investments of $1.3B.
Key information
31.6%
Debt to equity ratio
US$6.89b
Debt
Interest coverage ratio | 27.5x |
Cash | US$1.33b |
Equity | US$21.81b |
Total liabilities | US$72.32b |
Total assets | US$94.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGV's short term assets ($20.5B) do not cover its short term liabilities ($65.4B).
Long Term Liabilities: PGV's short term assets ($20.5B) exceed its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: PGV's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: PGV's debt to equity ratio has reduced from 35.7% to 31.6% over the past 5 years.
Debt Coverage: PGV's debt is well covered by operating cash flow (154.5%).
Interest Coverage: PGV's interest payments on its debt are well covered by EBIT (27.5x coverage).