Root Balance Sheet Health
Financial Health criteria checks 5/6
Root has a total shareholder equity of $293.9M and total debt of $300.9M, which brings its debt-to-equity ratio to 102.4%. Its total assets and total liabilities are $1.6B and $1.3B respectively. Root's EBIT is $33.2M making its interest coverage ratio 0.7. It has cash and short-term investments of $683.4M.
Key information
102.4%
Debt to equity ratio
US$300.90m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$683.40m |
| Equity | US$293.90m |
| Total liabilities | US$1.27b |
| Total assets | US$1.56b |
Recent financial health updates
No updates
Recent updates
Root, Inc. (NASDAQ:ROOT) Stock Rockets 74% But Many Are Still Ignoring The Company
Nov 01
Root, Inc. Has Entered The World Of Profits (Rating Upgrade)
Nov 01Root Inc. Q3 Earnings Preview: Loss Ratio Not Sustainable
Oct 24Take Care Before Jumping Onto Root, Inc. (NASDAQ:ROOT) Even Though It's 36% Cheaper
Aug 19Root Inc: Rising Insurer In A Competitive Space
Aug 11Root, Inc. (NASDAQ:ROOT) Might Not Be As Mispriced As It Looks After Plunging 33%
Jun 19Root, Inc.: Promising Embedded Strategy With Potential Nationwide Expansion
May 06Not Many Are Piling Into Root, Inc. (NASDAQ:ROOT) Stock Yet As It Plummets 32%
May 05Root, Inc. (NASDAQ:ROOT) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
May 03Small Cap Nuance With Courage & Conviction Investing
Mar 04Root, Inc. (NASDAQ:ROOT) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
Feb 25Root, 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 28Financial Position Analysis
Short Term Liabilities: ROOT's short term assets ($1.2B) exceed its short term liabilities ($464.6M).
Long Term Liabilities: ROOT's short term assets ($1.2B) exceed its long term liabilities ($803.4M).
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 91.5% to 102.4% 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: Whilst unprofitable ROOT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ROOT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.6% per year.