American Coastal Insurance Balance Sheet Health
Financial Health criteria checks 5/6
American Coastal Insurance has a total shareholder equity of $204.0M and total debt of $148.8M, which brings its debt-to-equity ratio to 72.9%. Its total assets and total liabilities are $1.1B and $873.3M respectively. American Coastal Insurance's EBIT is $97.8M making its interest coverage ratio 9. It has cash and short-term investments of $299.4M.
Key information
72.9%
Debt to equity ratio
US$148.77m
Debt
| Interest coverage ratio | 9x |
| Cash | US$299.44m |
| Equity | US$203.99m |
| Total liabilities | US$873.32m |
| Total assets | US$1.08b |
Recent financial health updates
Recent updates
American Coastal Insurance Corporation (NASDAQ:ACIC) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Feb 16
American 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 16United Insurance estimates $85-$100M catastrophe losses for Q4
Dec 16Have Insiders Been Buying United Insurance Holdings Corp. (NASDAQ:UIHC) Shares?
Nov 23United Insurance Holdings Corp. 2020 Q3 - Results - Earnings Call Presentation
Nov 09Financial Position Analysis
Short Term Liabilities: ACIC's short term assets ($771.1M) exceed its short term liabilities ($721.4M).
Long Term Liabilities: ACIC's short term assets ($771.1M) exceed its long term liabilities ($151.9M).
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 28.6% to 72.9% over the past 5 years.
Debt Coverage: ACIC's debt is well covered by operating cash flow (62.3%).
Interest Coverage: ACIC's interest payments on its debt are well covered by EBIT (9x coverage).