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
Results: 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 ($144.6M).
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).