Heritage Insurance Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Heritage Insurance Holdings has a total shareholder equity of $255.3M and total debt of $120.8M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are $2.6B and $2.3B respectively. Heritage Insurance Holdings's EBIT is $77.1M making its interest coverage ratio 6.9. It has cash and short-term investments of $480.9M.
Key information
47.3%
Debt to equity ratio
US$120.78m
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$480.93m |
| Equity | US$255.33m |
| Total liabilities | US$2.34b |
| Total assets | US$2.60b |
Recent financial health updates
No updates
Recent updates
A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 102% Share Price Climb
Aug 28
Heritage 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 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 09Financial Position Analysis
Short Term Liabilities: HRTG's short term assets ($1.7B) do not cover its short term liabilities ($2.2B).
Long Term Liabilities: HRTG's short term assets ($1.7B) exceed its long term liabilities ($140.4M).
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 30.2% to 47.3% over the past 5 years.
Debt Coverage: HRTG's debt is well covered by operating cash flow (167.9%).
Interest Coverage: HRTG's interest payments on its debt are well covered by EBIT (6.9x coverage).