American Coastal Insurance Balance Sheet Health
Financial Health criteria checks 4/6
American Coastal Insurance has a total shareholder equity of $259.6M and total debt of $148.9M, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are $1.1B and $884.3M respectively. American Coastal Insurance's EBIT is $117.6M making its interest coverage ratio 9.9. It has cash and short-term investments of $207.6M.
Key information
57.4%
Debt to equity ratio
US$148.94m
Debt
| Interest coverage ratio | 9.9x |
| Cash | US$207.58m |
| Equity | US$259.58m |
| Total liabilities | US$884.29m |
| Total assets | US$1.14b |
Recent financial health updates
Recent updates
Improved Earnings Required Before American Coastal Insurance Corporation (NASDAQ:ACIC) Stock's 40% Jump Looks Justified
Nov 07
American Coastal Insurance: A Remarkable Comeback
Jul 17American Coastal Insurance Corporation (NASDAQ:ACIC) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Feb 16American Coastal Insurance: Stock Continues To Gain Traction But Caution Required
Jan 12Revenues Not Telling The Story For American Coastal Insurance Corporation (NASDAQ:ACIC)
Dec 25United Insurance estimates $36.4M in catastrophe losses from Hurricane Ian
Oct 12United Insurance: More United Revenue Streams May Lead To A Rebound
Sep 27United Insurance files withdrawal plans in three states due to personal-lines uncertainty
Aug 25United Insurance reports Q2 estimated losses, consolidates Florida-based insurers
Jul 27United Insurance initiates strategic review
Jul 13United Insurance Holdings (NASDAQ:UIHC) Is Due To Pay A Dividend Of US$0.06
Feb 27United Insurance Holdings (NASDAQ:UIHC) Is Due To Pay A Dividend Of US$0.06
Nov 13United Insurance, Republic First Bancorp may fall out of Russell 2000, KBW says
Jun 02United Insurance Holdings declares $0.06 dividend
May 05United Insurance Holdings declares $0.06 dividend
May 03Read This Before Selling United Insurance Holdings Corp. (NASDAQ:UIHC) Shares
Mar 16Financial Position Analysis
Short Term Liabilities: ACIC's short term assets ($707.8M) do not cover its short term liabilities ($727.9M).
Long Term Liabilities: ACIC's short term assets ($707.8M) exceed its long term liabilities ($156.4M).
Debt to Equity History and Analysis
Debt Level: ACIC has more cash than its total debt.
Reducing Debt: ACIC's debt to equity ratio has increased from 29.7% to 57.4% over the past 5 years.
Debt Coverage: ACIC's debt is well covered by operating cash flow (195.2%).
Interest Coverage: ACIC's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 11:28 |
| End of Day Share Price | 2024/12/30 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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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
American Coastal Insurance Corporation is covered by 5 analysts. 1 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 |
|---|---|
| Matthew Carletti | JMP Securities |
| Christopher Campbell | Keefe, Bruyette, & Woods |
| Charles Gregory Peters | Raymond James & Associates |