MGIC Investment Balance Sheet Health
Financial Health criteria checks 5/6
MGIC Investment has a total shareholder equity of $5.1B and total debt of $643.2M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are $6.5B and $1.5B respectively. MGIC Investment's EBIT is $939.1M making its interest coverage ratio 25.4. It has cash and short-term investments of $363.7M.
Key information
12.7%
Debt to equity ratio
US$643.20m
Debt
| Interest coverage ratio | 25.4x |
| Cash | US$363.67m |
| Equity | US$5.07b |
| Total liabilities | US$1.47b |
| Total assets | US$6.54b |
Recent financial health updates
No updates
Recent updates
Here's What Analysts Are Forecasting For MGIC Investment Corporation (NYSE:MTG) After Its Yearly Results
Feb 24
Buy 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 01MGIC: Mortgage Insurer Gets The Excess Cash Flowing
Oct 31MGIC Investment (NYSE:MTG) Will Pay A Larger Dividend Than Last Year At US$0.08
Aug 05Mortgage Insurer MGIC: The Anti-Ape Cash Machine. When You're Ready For Earnings
Jun 13MGIC Investment delinquent loan inventory fell ~6% in May
Jun 07MGIC Investment Corporation 2021 Q1 - Results - Earnings Call Presentation
May 06Who Has Been Buying MGIC Investment Corporation (NYSE:MTG) Shares?
Mar 18MGIC Investment Corporation (NYSE:MTG) Passed Our Checks, And It's About To Pay A US$0.06 Dividend
Feb 11Anxious About Bubble? Consider Buying $1.00 Of MGIC For $0.64
Jan 29Financial Position Analysis
Short Term Liabilities: MTG's short term assets ($531.1M) exceed its short term liabilities ($158.9M).
Long Term Liabilities: MTG's short term assets ($531.1M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: MTG's net debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: MTG's debt to equity ratio has reduced from 23.2% to 12.7% over the past 5 years.
Debt Coverage: MTG's debt is well covered by operating cash flow (110.8%).
Interest Coverage: MTG's interest payments on its debt are well covered by EBIT (25.4x coverage).