MGIC Investment Balance Sheet Health
Financial Health criteria checks 5/6
MGIC Investment has a total shareholder equity of $4.8B and total debt of $663.2M, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are $6.4B and $1.6B respectively. MGIC Investment's EBIT is $1.1B making its interest coverage ratio 26.5. It has cash and short-term investments of $358.2M.
Key information
13.9%
Debt to equity ratio
US$663.18m
Debt
Interest coverage ratio | 26.5x |
Cash | US$358.21m |
Equity | US$4.78b |
Total liabilities | US$1.57b |
Total assets | US$6.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTG *'s short term assets ($511.4M) exceed its short term liabilities ($217.7M).
Long Term Liabilities: MTG *'s short term assets ($511.4M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: MTG *'s net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: MTG *'s debt to equity ratio has reduced from 25.7% to 13.9% over the past 5 years.
Debt Coverage: MTG *'s debt is well covered by operating cash flow (95.6%).
Interest Coverage: MTG *'s interest payments on its debt are well covered by EBIT (26.5x coverage).