Root Balance Sheet Health
Financial Health criteria checks 4/6
Root has a total shareholder equity of $277.7M and total debt of $299.0M, which brings its debt-to-equity ratio to 107.7%. Its total assets and total liabilities are $1.3B and $1.1B respectively.
Key information
107.7%
Debt to equity ratio
US$299.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$679.60m |
| Equity | US$277.70m |
| Total liabilities | US$1.07b |
| Total assets | US$1.35b |
Recent financial health updates
No updates
Recent updates
Small Cap Nuance With Courage & Conviction Investing
Mar 04Root, Inc. (NASDAQ:ROOT) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
Feb 25
Root, Inc. Q4 Earnings: Current Price Requires Exceptional Growth
Feb 23Investors Holding Back On Root, Inc. (NASDAQ:ROOT)
Jan 15Industry Analysts Just Made A Sizeable Upgrade To Their Root, Inc. (NASDAQ:ROOT) Revenue Forecasts
Aug 10Root Insurance: Spiral Of Death But There Is Hope
Aug 16Root Q2 2022 Earnings Preview
Aug 05Root partners with 2 national football league teams, 1 major league baseball team
Jul 12Root: Shares Up 53% Last Week And Still Trading Below Cash - But Avoid
Mar 21Root Seeks Major Cost Reductions To Stanch High Losses
Jan 25Root: 85% Down From IPO After Q3 Results, But Still Too Speculative
Nov 24As Earnings Approach, A Buy-Write In Root Could Produce 12% Return In Under A Month
Oct 28Root: Major Reversals In Growth And Loss Ratio In Q2 Results
Aug 12Root: An Insurtech Company Priced Like A Legacy Insurer
May 26Root Q1 2021 Earnings Preview
May 04Need To Know: Analysts Are Much More Bullish On Root, Inc. (NASDAQ:ROOT) Revenues
Mar 02Analysts Have Made A Financial Statement On Root, Inc.'s (NASDAQ:ROOT) Annual Report
Mar 01What Percentage Of Root, Inc. (NASDAQ:ROOT) Shares Do Insiders Own?
Jan 29
Root: An Overpriced Insurance Company At Its Root
Jan 11Root EPS misses by $1.79, misses on revenue
Dec 01Wells Fargo initiates auto insure-tech Root at Overweight
Nov 23Root's IPO: Facing Challenges Revitalizing Insurance Sector
Nov 02Root: Interesting Innovative Insurance Business
Oct 30Financial Position Analysis
Short Term Liabilities: ROOT's short term assets ($1.1B) exceed its short term liabilities ($406.7M).
Long Term Liabilities: ROOT's short term assets ($1.1B) exceed its long term liabilities ($663.3M).
Debt to Equity History and Analysis
Debt Level: ROOT has more cash than its total debt.
Reducing Debt: ROOT's debt to equity ratio has increased from 17.4% to 107.7% over the past 5 years.
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: ROOT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ROOT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.