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
Do MGIC Investment's (NYSE:MTG) Earnings Warrant Your Attention?
Dec 12MGIC Investment Corporation Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next
Nov 07MGIC 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 16Buy MGIC: This Time Mortgage Credit Really Is Different
Aug 16Buy Housing Stock MGIC, Sell Redfin, Seriously Skewed Valuations
Jul 12MGIC's Recent Rally Reduces Upside, But The Stock Remains A 'Buy'
Jun 25MGIC 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 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 07Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2024/12/22 02:54 |
End of Day Share Price | 2024/12/20 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 * |
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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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
MGIC Investment Corporation is covered by 19 analysts. 5 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 |
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Bruce Harting | Barclays |
Terry Ma | Barclays |
Mihir Bhatia | BofA Global Research |