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.