Enact Holdings Balance Sheet Health

Financial Health criteria checks 4/6

Enact Holdings has a total shareholder equity of $4.6B and total debt of $745.4M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are $6.2B and $1.6B respectively. Enact Holdings's EBIT is $903.2M making its interest coverage ratio 17.4. It has cash and short-term investments of $635.9M.

Key information

16.1%

Debt to equity ratio

US$745.42m

Debt

Interest coverage ratio17.4x
CashUS$635.90m
EquityUS$4.63b
Total liabilitiesUS$1.56b
Total assetsUS$6.19b

Recent financial health updates

No updates

Recent updates

Enact Holdings, Inc. (NASDAQ:ACT) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

Feb 09
Enact Holdings, Inc. (NASDAQ:ACT) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

Here's Why We Think Enact Holdings (NASDAQ:ACT) Might Deserve Your Attention Today

Jun 05
Here's Why We Think Enact Holdings (NASDAQ:ACT) Might Deserve Your Attention Today

Earnings Working Against Enact Holdings, Inc.'s (NASDAQ:ACT) Share Price

Apr 12
Earnings Working Against Enact Holdings, Inc.'s (NASDAQ:ACT) Share Price

Do Enact Holdings' (NASDAQ:ACT) Earnings Warrant Your Attention?

Jan 25
Do Enact Holdings' (NASDAQ:ACT) Earnings Warrant Your Attention?

Do Enact Holdings' (NASDAQ:ACT) Earnings Warrant Your Attention?

Oct 05
Do Enact Holdings' (NASDAQ:ACT) Earnings Warrant Your Attention?

Enact Holdings completes XOL reinsurance transaction as part of CRT program

Sep 19

Enact Holdings: Keeping The Shareholder Returns Coming

Sep 09

Enact Holdings Q2 Non-GAAP EPS up Y/Y, revenue down

Aug 01

Enact enters into $200M revolving credit facility

Jul 07

Enact Holdings: A Little Slice Of The Mortgage Pie

Jun 18

Earnings Beat: Enact Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

May 06
Earnings Beat: Enact Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Gator Capital Management - Enact Holdings: Ignored Stock

Mar 15

Enact Holdings: ACT And Buy

Nov 30

Financial Position Analysis

Short Term Liabilities: ACT's short term assets ($722.5M) exceed its short term liabilities ($682.4M).

Long Term Liabilities: ACT's short term assets ($722.5M) do not cover its long term liabilities ($875.7M).


Debt to Equity History and Analysis

Debt Level: ACT's net debt to equity ratio (2.4%) is considered satisfactory.

Reducing Debt: ACT's debt to equity ratio has increased from 0% to 16.1% over the past 5 years.

Debt Coverage: ACT's debt is well covered by operating cash flow (84.8%).

Interest Coverage: ACT's interest payments on its debt are well covered by EBIT (17.4x coverage).


Balance Sheet


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