Heritage Insurance Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Heritage Insurance Holdings has a total shareholder equity of $279.3M and total debt of $118.6M, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are $2.4B and $2.1B respectively. Heritage Insurance Holdings's EBIT is $98.3M making its interest coverage ratio 8.6. It has cash and short-term investments of $509.9M.
Key information
42.4%
Debt to equity ratio
US$118.55m
Debt
| Interest coverage ratio | 8.6x |
| Cash | US$509.92m |
| Equity | US$279.34m |
| Total liabilities | US$2.10b |
| Total assets | US$2.37b |
Recent financial health updates
No updates
Recent updates
Heritage Insurance: Potential For Above-Average Stock Gains In 2025
Dec 02Results: Heritage Insurance Holdings, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Nov 09
Heritage Insurance: Float Based Analysis
Oct 30Market Cool On Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Revenues Pushing Shares 36% Lower
Oct 23Heritage Insurance: The 24 Hours That Changed Everything
Sep 30A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 102% Share Price Climb
Aug 28Heritage Insurance: Riding The Wave Of Florida's Reformed Insurance Market
Aug 27Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Subdued P/S Might Signal An Opportunity
Jul 14Heritage Insurance: How The Stock Looks After Q1 2024 Earnings
May 13A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 56% Share Price Climb
Mar 21Earnings Beat: Heritage Insurance Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Mar 14Heritage Insurance: An Unjustified Premium
Jan 18Heritage Insurance Is My Best Value Idea
Oct 26Heritage Insurance announces $10M stock buyback plan
Jan 17Heritage Insurance sees $40M in net retained losses from Hurricane Ian
Oct 13Heritage Insurance GAAP EPS of -$3.32 misses by $3.34, revenue of $163.77M beats by $4.78M
Aug 04Financial Position Analysis
Short Term Liabilities: HRTG's short term assets ($1.5B) do not cover its short term liabilities ($2.0B).
Long Term Liabilities: HRTG's short term assets ($1.5B) exceed its long term liabilities ($140.9M).
Debt to Equity History and Analysis
Debt Level: HRTG has more cash than its total debt.
Reducing Debt: HRTG's debt to equity ratio has increased from 29.4% to 42.4% over the past 5 years.
Debt Coverage: HRTG's debt is well covered by operating cash flow (204.9%).
Interest Coverage: HRTG's interest payments on its debt are well covered by EBIT (8.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 14:41 |
| End of Day Share Price | 2024/12/18 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
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 .
Analyst Sources
Heritage Insurance Holdings, Inc. is covered by 5 analysts. 3 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 |
|---|---|
| Matthew Carletti | JMP Securities |
| Christopher Campbell | Keefe, Bruyette, & Woods |
| Jon Paul Newsome | Piper Sandler Companies |