Hagerty Balance Sheet Health
Financial Health criteria checks 5/6
Hagerty has a total shareholder equity of $505.5M and total debt of $91.5M, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are $1.6B and $1.1B respectively. Hagerty's EBIT is $46.4M making its interest coverage ratio -1.9. It has cash and short-term investments of $131.2M.
Key information
18.1%
Debt to equity ratio
US$91.47m
Debt
Interest coverage ratio | -1.9x |
Cash | US$131.21m |
Equity | US$505.49m |
Total liabilities | US$1.06b |
Total assets | US$1.57b |
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 ($1.2B) exceed its short term liabilities ($849.2M).
Long Term Liabilities: HGTY's short term assets ($1.2B) exceed its long term liabilities ($215.6M).
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 (197%).
Interest Coverage: HGTY earns more interest than it pays, so coverage of interest payments is not a concern.