Hagerty Balance Sheet Health
Financial Health criteria checks 5/6
Hagerty has a total shareholder equity of $608.2M and total debt of $122.9M, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are $1.8B and $1.2B respectively. Hagerty's EBIT is $53.7M making its interest coverage ratio -1.5. It has cash and short-term investments of $208.9M.
Key information
20.2%
Debt to equity ratio
US$122.87m
Debt
| Interest coverage ratio | -1.5x |
| Cash | US$208.95m |
| Equity | US$608.22m |
| Total liabilities | US$1.21b |
| Total assets | US$1.82b |
Recent financial health updates
No updates
Recent updates
The Price Is Right For Hagerty, Inc. (NYSE:HGTY)
Sep 13
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 ($1.0B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: HGTY's short term assets ($1.0B) exceed its long term liabilities ($208.8M).
Debt to Equity History and Analysis
Debt Level: HGTY has more cash than its total debt.
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 (155.6%).
Interest Coverage: HGTY earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 04:46 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Hagerty, Inc. is covered by 3 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 |
| Charles Gregory Peters | Raymond James & Associates |
| Mark Hughes | Truist Securities |