Hagerty Balance Sheet Health

Financial Health criteria checks 5/6

Hagerty has a total shareholder equity of $493.3M and total debt of $130.7M, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are $1.6B and $1.1B respectively. Hagerty's EBIT is $23.2M making its interest coverage ratio -1. It has cash and short-term investments of $108.3M.

Key information

26.5%

Debt to equity ratio

US$130.68m

Debt

Interest coverage ratio-1x
CashUS$108.33m
EquityUS$493.35m
Total liabilitiesUS$1.09b
Total assetsUS$1.59b

Recent financial health updates

No updates

Recent updates

Hagerty: An Overlooked, Fast Growing Niche Insurance Stock

Feb 20

Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)

Nov 10
Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)

Hagerty: Lacking Margin Expansions Warrant A Sell

Aug 26

Greenhaven Road Capital - Hagerty: One Day Closer To State Farm

Aug 12

Hagerty: Stuck In First Gear

Feb 12

Hagerty appoints Patrick McClymont as CFO

Aug 23

Hagerty to acquire Broad Arrow Group

Aug 10

Financial Position Analysis

Short Term Liabilities: HGTY's short term assets ($1.3B) exceed its short term liabilities ($842.3M).

Long Term Liabilities: HGTY's short term assets ($1.3B) exceed its long term liabilities ($252.6M).


Debt to Equity History and Analysis

Debt Level: HGTY's net debt to equity ratio (4.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if HGTY's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: HGTY's debt is well covered by operating cash flow (102.3%).

Interest Coverage: HGTY earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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