Erie Indemnity Balance Sheet Health
Financial Health criteria checks 6/6
Erie Indemnity has a total shareholder equity of $1.9B and total debt of $7.9M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $2.9B and $916.2M respectively. Erie Indemnity's EBIT is $662.6M making its interest coverage ratio -10.4. It has cash and short-term investments of $246.2M.
Key information
0.4%
Debt to equity ratio
US$7.91m
Debt
| Interest coverage ratio | -10.4x |
| Cash | US$246.24m |
| Equity | US$1.95b |
| Total liabilities | US$916.19m |
| Total assets | US$2.86b |
Recent financial health updates
No updates
Recent updates
Erie Indemnity (NASDAQ:ERIE) Will Pay A Larger Dividend Than Last Year At $1.37
Dec 17
Some Confidence Is Lacking In Erie Indemnity Company (NASDAQ:ERIE) As Shares Slide 26%
Nov 05What To Expect From Erie Indemnity Ahead Of Q3 2024 Earnings
Oct 27There's Reason For Concern Over Erie Indemnity Company's (NASDAQ:ERIE) Massive 26% Price Jump
Aug 18Is Now The Time To Put Erie Indemnity (NASDAQ:ERIE) On Your Watchlist?
Jul 14Investor Optimism Abounds Erie Indemnity Company (NASDAQ:ERIE) But Growth Is Lacking
Jun 26Here's Why Erie Indemnity Company's (NASDAQ:ERIE) CEO May Deserve A Raise
Apr 17Do Erie Indemnity's (NASDAQ:ERIE) Earnings Warrant Your Attention?
Mar 21Why Investors Shouldn't Be Surprised By Erie Indemnity Company's (NASDAQ:ERIE) P/E
Feb 21Erie Indemnity goes ex dividend tomorrow
Oct 03Erie Insurance launches venture capital fund to accelerate innovation
Aug 25Erie Indemnity GAAP EPS of $1.53 misses by $0.09, revenue of $726.14M beats by $18.66M
Jul 28Erie Indemnity Flourishing From Here To Eternity, But The Stock Price Is Not Yet Worthy
Jul 16Erie Indemnity goes ex-dividend on Tuesday
Jul 01Financial Position Analysis
Short Term Liabilities: ERIE's short term assets ($1.1B) exceed its short term liabilities ($806.9M).
Long Term Liabilities: ERIE's short term assets ($1.1B) exceed its long term liabilities ($109.3M).
Debt to Equity History and Analysis
Debt Level: ERIE has more cash than its total debt.
Reducing Debt: ERIE's debt to equity ratio has reduced from 8.8% to 0.4% over the past 5 years.
Debt Coverage: ERIE's debt is well covered by operating cash flow (7162.9%).
Interest Coverage: ERIE earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 09:27 |
| 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
Erie Indemnity Company is covered by 3 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 |
|---|---|
| Amit Kumar | Macquarie Research |
| Michael Phillips | Stifel, Equities Research |
| Adam Klauber | William Blair & Company L.L.C. |