BRP Group Balance Sheet Health
Financial Health criteria checks 3/6
BRP Group has a total shareholder equity of $1.0B and total debt of $1.3B, which brings its debt-to-equity ratio to 129.6%. Its total assets and total liabilities are $3.5B and $2.5B respectively. BRP Group's EBIT is $45.5M making its interest coverage ratio 0.4. It has cash and short-term investments of $116.2M.
Key information
129.6%
Debt to equity ratio
US$1.32b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$116.21m |
| Equity | US$1.02b |
| Total liabilities | US$2.48b |
| Total assets | US$3.50b |
Recent financial health updates
No updates
Recent updates
BRP Group, Inc.'s (NASDAQ:BRP) 33% Jump Shows Its Popularity With Investors
Mar 05
Why Investors Shouldn't Be Surprised By BRP Group, Inc.'s (NASDAQ:BRP) P/S
Jul 15BRP Group acquires National Health Plans & Benefits Agency
Aug 01BRP Group to acquire RogersGray to expand footprint in New England
Jun 14BRP subsidiary upsizes and prices senior term loan facility
May 28BRP Group EPS beats by $0.25
May 05Breakeven Is Near for BRP Group, Inc. (NASDAQ:BRP)
Apr 28BRP to acquire Seniors' Insurance Services
Apr 26Did BRP Group's (NASDAQ:BRP) Share Price Deserve to Gain 72%?
Feb 28BRP Group inks agreement to acquire Tanner, Ballew and Maloof
Dec 15Burnham Benefits Insurance Services partners with BRP Group
Dec 10Financial Position Analysis
Short Term Liabilities: BRP's short term assets ($925.9M) do not cover its short term liabilities ($1.0B).
Long Term Liabilities: BRP's short term assets ($925.9M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: BRP's net debt to equity ratio (118.2%) is considered high.
Reducing Debt: BRP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BRP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BRP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 14% per year.