American Coastal Insurance Balance Sheet Health
Financial Health criteria checks 4/6
American Coastal Insurance has a total shareholder equity of $223.1M and total debt of $148.9M, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are $1.3B and $1.1B respectively. American Coastal Insurance's EBIT is $99.5M making its interest coverage ratio 8.6. It has cash and short-term investments of $258.6M.
Key information
66.7%
Debt to equity ratio
US$148.85m
Debt
| Interest coverage ratio | 8.6x |
| Cash | US$258.59m |
| Equity | US$223.07m |
| Total liabilities | US$1.09b |
| Total assets | US$1.31b |
Recent financial health updates
Recent updates
American Coastal Insurance: A Remarkable Comeback
Jul 17American 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 ($889.3M) do not cover its short term liabilities ($938.0M).
Long Term Liabilities: ACIC's short term assets ($889.3M) exceed its long term liabilities ($150.2M).
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 28.4% to 66.7% over the past 5 years.
Debt Coverage: ACIC's debt is well covered by operating cash flow (233.6%).
Interest Coverage: ACIC's interest payments on its debt are well covered by EBIT (8.6x coverage).