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 |
Cash | US$108.33m |
Equity | US$493.35m |
Total liabilities | US$1.09b |
Total assets | US$1.59b |
Recent financial health updates
No updates
Recent updates
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 ($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.