Hagerty Balance Sheet Health
Financial Health criteria checks 6/6
Hagerty has a total shareholder equity of $619.2M and total debt of $132.6M, which brings its debt-to-equity ratio to 21.4%. Its total assets and total liabilities are $1.8B and $1.2B respectively. Hagerty's EBIT is $79.8M making its interest coverage ratio -2.4. It has cash and short-term investments of $232.7M.
Key information
21.41%
Debt to equity ratio
US$132.60m
Debt
| Interest coverage ratio | -2.4x |
| Cash | US$232.70m |
| Equity | US$619.20m |
| Total liabilities | US$1.20b |
| Total assets | US$1.82b |
Recent financial health updates
No updates
Recent updates
Hagerty: Almost Certain To Dominate Their Niche
May 28Shareholders Will Probably Not Have Any Issues With Hagerty, Inc.'s (NYSE:HGTY) CEO Compensation
May 27
With EPS Growth And More, Hagerty (NYSE:HGTY) Makes An Interesting Case
May 08The Price Is Right For Hagerty, Inc. (NYSE:HGTY)
Sep 13
Digital Marketplace And Critical Acquisitions Set To Revolutionize Insurance Giant
Expansion into digital services and valuation, along with strategic hires, aims to boost commissions, fee revenue, and customer retention.Hagerty: An Overlooked, Fast Growing Niche Insurance Stock
Feb 20Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)
Nov 10Hagerty: Lacking Margin Expansions Warrant A Sell
Aug 26Greenhaven Road Capital - Hagerty: One Day Closer To State Farm
Aug 12Hagerty: Stuck In First Gear
Feb 12Hagerty appoints Patrick McClymont as CFO
Aug 23Hagerty to acquire Broad Arrow Group
Aug 10Financial Position Analysis
Short Term Liabilities: HGTY's short term assets ($997.9M) exceed its short term liabilities ($987.1M).
Long Term Liabilities: HGTY's short term assets ($997.9M) exceed its long term liabilities ($209.9M).
Debt to Equity History and Analysis
Debt Level: HGTY has more cash than its total debt.
Reducing Debt: HGTY's debt to equity ratio has reduced from 33% to 21.4% over the past 5 years.
Debt Coverage: HGTY's debt is well covered by operating cash flow (122.6%).
Interest Coverage: HGTY earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/27 19:01 |
| End of Day Share Price | 2025/05/27 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hagerty, Inc. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jamminder Bhullar | J.P. Morgan |
| Pablo Augusto Singzon | J.P. Morgan |
| Charles Gregory Peters | Raymond James & Associates |