Heritage Insurance Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Heritage Insurance Holdings has a total shareholder equity of $220.3M and total debt of $119.7M, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are $2.2B and $1.9B respectively. Heritage Insurance Holdings's EBIT is $64.0M making its interest coverage ratio 5.7. It has cash and short-term investments of $463.6M.
Key information
54.4%
Debt to equity ratio
US$119.73m
Debt
| Interest coverage ratio | 5.7x |
| Cash | US$463.64m |
| Equity | US$220.28m |
| Total liabilities | US$1.93b |
| Total assets | US$2.15b |
Recent financial health updates
No updates
Recent updates
A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 56% Share Price Climb
Mar 21
Earnings 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 04Heritage Insurance: A Potential Lifebuoy In The Stormy Florida Market
Jun 17Heritage Insurance Holdings (NYSE:HRTG) Will Pay A Dividend Of US$0.06
May 27Heritage Insurance Holdings' (NYSE:HRTG) Dividend Will Be US$0.06
May 09Heritage Insurance Holdings (NYSE:HRTG) Has Affirmed Its Dividend Of US$0.06
Nov 28Heritage Insurance Holdings (NYSE:HRTG) Has Re-Affirmed Its Dividend Of US$0.06
Nov 08Financial Position Analysis
Short Term Liabilities: HRTG's short term assets ($1.4B) do not cover its short term liabilities ($1.8B).
Long Term Liabilities: HRTG's short term assets ($1.4B) exceed its long term liabilities ($148.5M).
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 35% to 54.4% over the past 5 years.
Debt Coverage: HRTG's debt is well covered by operating cash flow (58.8%).
Interest Coverage: HRTG's interest payments on its debt are well covered by EBIT (5.7x coverage).