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 ratio | 17.4x |
Cash | US$635.90m |
Equity | US$4.63b |
Total liabilities | US$1.56b |
Total assets | US$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 09Here's Why We Think Enact Holdings (NASDAQ:ACT) Might Deserve Your Attention Today
Jun 05Earnings Working Against Enact Holdings, Inc.'s (NASDAQ:ACT) Share Price
Apr 12Do Enact Holdings' (NASDAQ:ACT) Earnings Warrant Your Attention?
Jan 25Do Enact Holdings' (NASDAQ:ACT) Earnings Warrant Your Attention?
Oct 05Enact Holdings completes XOL reinsurance transaction as part of CRT program
Sep 19Enact Holdings: Keeping The Shareholder Returns Coming
Sep 09Enact Holdings Q2 Non-GAAP EPS up Y/Y, revenue down
Aug 01Enact enters into $200M revolving credit facility
Jul 07Enact Holdings: A Little Slice Of The Mortgage Pie
Jun 18Earnings Beat: Enact Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 06Gator Capital Management - Enact Holdings: Ignored Stock
Mar 15Enact Holdings: ACT And Buy
Nov 30Financial 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).