MGIC Investment Balance Sheet Health
Financial Health criteria checks 5/6
MGIC Investment has a total shareholder equity of $5.3B and total debt of $644.3M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are $6.7B and $1.4B respectively. MGIC Investment's EBIT is $999.5M making its interest coverage ratio 28.1. It has cash and short-term investments of $288.6M.
Key information
12.2%
Debt to equity ratio
US$644.30m
Debt
| Interest coverage ratio | 28.1x |
| Cash | US$288.62m |
| Equity | US$5.29b |
| Total liabilities | US$1.38b |
| Total assets | US$6.68b |
Recent financial health updates
No updates
Recent updates
MGIC Investment Corporation Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next
Nov 07
MGIC Investment Q3: Home Prices Limit Potential Losses, But Hold Due To Valuation Concerns
Nov 05Lacklustre Performance Is Driving MGIC Investment Corporation's (NYSE:MTG) Low P/E
Sep 26MGIC Investment: Limited Upside Given Earnings Are Likely Peaking
Jul 09MGIC Investment Corporation's (NYSE:MTG) Earnings Are Not Doing Enough For Some Investors
Jun 26MGIC Investment Corporation (NYSE:MTG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 04Here's What Analysts Are Forecasting For MGIC Investment Corporation (NYSE:MTG) After Its Yearly Results
Feb 24Buy MGIC - Slow, Steady And Still Cheap
Feb 04Home Mortgage Industry Arbitrage - Buy MGIC, Sell Rocket
Dec 26Benign Growth For MGIC Investment Corporation (NYSE:MTG) Underpins Its Share Price
Dec 26Buy MGIC: Ramping Up The Cash To Investors
Nov 02MGIC Investment May Be An Attractive Play On A Resilient Housing Market
Oct 16Is Now The Time To Put MGIC Investment (NYSE:MTG) On Your Watchlist?
Sep 26Buy MGIC: This Time Mortgage Credit Really Is Different
Aug 16MGIC Investment's (NYSE:MTG) Dividend Will Be Increased To $0.115
Jul 31Buy Housing Stock MGIC, Sell Redfin, Seriously Skewed Valuations
Jul 12MGIC's Recent Rally Reduces Upside, But The Stock Remains A 'Buy'
Jun 25We Ran A Stock Scan For Earnings Growth And MGIC Investment (NYSE:MTG) Passed With Ease
Jun 09Here's Why We Think MGIC Investment (NYSE:MTG) Might Deserve Your Attention Today
Feb 22MGIC Investment Q4 2022 Earnings Preview
Jan 31MGIC Investment declares $0.10 dividend
Jan 24MGIC Investment Corporation: Strong Buy At 84% Of Book Value
Jan 09Buy MGIC: Capital-Light Strategy Meets A Housing-Light USA
Nov 08MGIC Investment declares $0.10 dividend
Oct 27MGIC: Yes, Housing Stinks, But Buy This Home Mortgage Insurer
Oct 08MGIC Investment's (NYSE:MTG) Dividend Will Be Increased To $0.10
Aug 01MGIC Investment declares raises dividend by 25% to $0.10
Jul 28Buy MGIC, Or Are Investors Right That You Could Lose Your House?
Jun 15MGIC: Buy This Housing Stock. Let MGIC's Facts Replace Housing Fears
May 08Buy MGIC If Selling At Half Of Liquidation Value Seems Cheap To You
Apr 11MGIC Investment: Sorting Out This Mortgage Insurer's Strategic Endgame
Feb 07MGIC Investment's (NYSE:MTG) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 01Financial Position Analysis
Short Term Liabilities: MTG's short term assets ($464.5M) exceed its short term liabilities ($143.8M).
Long Term Liabilities: MTG's short term assets ($464.5M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MTG's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: MTG's debt to equity ratio has reduced from 20% to 12.2% over the past 5 years.
Debt Coverage: MTG's debt is well covered by operating cash flow (113.1%).
Interest Coverage: MTG's interest payments on its debt are well covered by EBIT (28.1x coverage).