Enact Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Enact Holdings has a total shareholder equity of $5.0B and total debt of $742.7M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are $6.6B and $1.6B respectively. Enact Holdings's EBIT is $937.4M making its interest coverage ratio 18.1. It has cash and short-term investments of $674.9M.
Key information
14.7%
Debt to equity ratio
US$742.71m
Debt
| Interest coverage ratio | 18.1x |
| Cash | US$674.91m |
| Equity | US$5.04b |
| Total liabilities | US$1.56b |
| Total assets | US$6.60b |
Recent financial health updates
No updates
Recent updates
Investors Don't See Light At End Of Enact Holdings, Inc.'s (NASDAQ:ACT) Tunnel
Nov 08
Enact Holdings Has Firm Footings, But The Housing Market Is Softening
Oct 28Enact Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 07Enact Holdings (NASDAQ:ACT) Will Pay A Larger Dividend Than Last Year At $0.185
May 07Enact Holdings, Inc. (NASDAQ:ACT) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?
Feb 09Enact 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 18Gator Capital Management - Enact Holdings: Ignored Stock
Mar 15Enact Holdings: ACT And Buy
Nov 30Financial Position Analysis
Short Term Liabilities: ACT's short term assets ($769.7M) exceed its short term liabilities ($631.8M).
Long Term Liabilities: ACT's short term assets ($769.7M) do not cover its long term liabilities ($929.0M).
Debt to Equity History and Analysis
Debt Level: ACT's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: ACT's debt to equity ratio has increased from 0% to 14.7% over the past 5 years.
Debt Coverage: ACT's debt is well covered by operating cash flow (95.6%).
Interest Coverage: ACT's interest payments on its debt are well covered by EBIT (18.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 09:29 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Enact Holdings, Inc. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mihir Bhatia | BofA Global Research |
| Eric Hagen | BTIG |
| Arren Cyganovich | Citigroup Inc |