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
Some Confidence Is Lacking In Erie Indemnity Company (NASDAQ:ERIE) As Shares Slide 26%
Nov 05
What 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 (NASDAQ:ERIE) Has Announced That It Will Be Increasing Its Dividend To $1.27
Dec 13Erie Indemnity's (NASDAQ:ERIE) Dividend Will Be Increased To $1.19
Jun 26Erie Indemnity's (NASDAQ:ERIE) Dividend Will Be Increased To $1.19
Jun 07Erie Indemnity's (NASDAQ:ERIE) Dividend Will Be Increased To $1.19
May 18Erie Indemnity (NASDAQ:ERIE) Is Increasing Its Dividend To $1.19
May 04Erie Indemnity's (NASDAQ:ERIE) Dividend Will Be Increased To $1.19
Mar 09Erie Indemnity's (NASDAQ:ERIE) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 25Erie Indemnity's (NASDAQ:ERIE) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 11Erie 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 01Erie Indemnity (NASDAQ:ERIE) Is Paying Out A Larger Dividend Than Last Year
Jan 02Erie Indemnity's (NASDAQ:ERIE) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 13Is Weakness In Erie Indemnity Company (NASDAQ:ERIE) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Mar 13Why Erie Indemnity Company (NASDAQ:ERIE) Should Be In Your Dividend Portfolio
Feb 20Financial 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.