ProAssurance Balance Sheet Health
Financial Health criteria checks 2/6
ProAssurance has a total shareholder equity of $1.1B and total debt of $427.1M, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are $5.6B and $4.5B respectively. ProAssurance's EBIT is $32.7M making its interest coverage ratio 1.4. It has cash and short-term investments of $505.2M.
Key information
38.4%
Debt to equity ratio
US$427.13m
Debt
Interest coverage ratio | 1.4x |
Cash | US$505.18m |
Equity | US$1.11b |
Total liabilities | US$4.52b |
Total assets | US$5.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRK's short term assets ($1.2B) exceed its short term liabilities ($461.0M).
Long Term Liabilities: PRK's short term assets ($1.2B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: PRK has more cash than its total debt.
Reducing Debt: PRK's debt to equity ratio has increased from 18.9% to 38.4% over the past 5 years.
Debt Coverage: PRK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PRK's interest payments on its debt are not well covered by EBIT (1.4x coverage).