Goosehead Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Goosehead Insurance has a total shareholder equity of $16.8M and total debt of $76.9M, which brings its debt-to-equity ratio to 458.3%. Its total assets and total liabilities are $354.9M and $338.1M respectively. Goosehead Insurance's EBIT is $31.5M making its interest coverage ratio 6.1. It has cash and short-term investments of $42.0M.
Key information
458.3%
Debt to equity ratio
US$76.94m
Debt
| Interest coverage ratio | 6.1x |
| Cash | US$41.96m |
| Equity | US$16.79m |
| Total liabilities | US$338.11m |
| Total assets | US$354.89m |
Recent financial health updates
No updates
Recent updates
Goosehead Insurance, Inc (NASDAQ:GSHD) Not Flying Under The Radar
Jan 06
Goosehead Insurance names Mark Jones as new CFO
Sep 12Goosehead Insurance: The Industry's Best Near-Term Capital Gain Buy
Aug 16Goosehead Insurance: Stable Fundamentals In Contrast With Stock Price Overvaluation
May 17Goosehead Insurance Looks To Big-$ Investors As A Best Near-Term Finance Sector Buy
Feb 18Here's Why I Think Goosehead Insurance (NASDAQ:GSHD) Is An Interesting Stock
Aug 12Goosehead lead this week's financial gainers, while Blue Owl declines
Jun 18Financial Position Analysis
Short Term Liabilities: GSHD's short term assets ($74.6M) exceed its short term liabilities ($40.9M).
Long Term Liabilities: GSHD's short term assets ($74.6M) do not cover its long term liabilities ($297.2M).
Debt to Equity History and Analysis
Debt Level: GSHD's net debt to equity ratio (208.4%) is considered high.
Reducing Debt: GSHD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: GSHD's debt is well covered by operating cash flow (66%).
Interest Coverage: GSHD's interest payments on its debt are well covered by EBIT (6.1x coverage).