Mercury General Balance Sheet Health
Financial Health criteria checks 3/6
Mercury General has a total shareholder equity of $1.9B and total debt of $574.0M, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are $8.2B and $6.3B respectively. Mercury General's EBIT is $706.6M making its interest coverage ratio 22.7. It has cash and short-term investments of $905.0M.
Key information
30.8%
Debt to equity ratio
US$574.03m
Debt
| Interest coverage ratio | 22.7x |
| Cash | US$904.98m |
| Equity | US$1.86b |
| Total liabilities | US$6.29b |
| Total assets | US$8.15b |
Recent financial health updates
No updates
Recent updates
Mercury General: Turning Lead Into Gold
Oct 31It's A Story Of Risk Vs Reward With Mercury General Corporation (NYSE:MCY)
Oct 10
Mercury General: Very Cheap, And Expert Of Maximizing After-Tax Yield
Sep 20Cautious Investors Not Rewarding Mercury General Corporation's (NYSE:MCY) Performance Completely
Jun 07Even With A 26% Surge, Cautious Investors Are Not Rewarding Mercury General Corporation's (NYSE:MCY) Performance Completely
Mar 07Investors Holding Back On Mercury General Corporation (NYSE:MCY)
Jan 06Mercury General: From A Pariah To A Potential Candidate For Recovery
Nov 16Mercury General (NYSE:MCY) Will Pay A Dividend Of $0.3175
Nov 04Mercury General (NYSE:MCY) Has Announced A Dividend Of $0.3175
Aug 29Mercury General: Struggling Against Ongoing Headwinds
Aug 08Mercury General (NYSE:MCY) Is Paying Out A Dividend Of $0.3175
Aug 05Mercury General Non-GAAP EPS of -$1.45 misses by $0.84, revenue of $1.15B beats by $166.02M
Feb 14Mercury General GAAP EPS of -$3.80, revenue of $785.6M
Aug 02Mercury General's (NYSE:MCY) Dividend Will Be US$0.64
May 07Mercury General's (NYSE:MCY) Dividend Will Be US$0.64
Feb 19Mercury General: Always No, Forever No
Jan 03With EPS Growth And More, Mercury General (NYSE:MCY) Is Interesting
Dec 31Mercury General (NYSE:MCY) Has Announced A Dividend Of US$0.64
Nov 06Is Now The Time To Put Mercury General (NYSE:MCY) On Your Watchlist?
Aug 31Mercury General (NYSE:MCY) Has Affirmed Its Dividend Of US$0.63
Aug 07Financial Position Analysis
Short Term Liabilities: MCY's short term assets ($1.8B) do not cover its short term liabilities ($2.3B).
Long Term Liabilities: MCY's short term assets ($1.8B) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: MCY has more cash than its total debt.
Reducing Debt: MCY's debt to equity ratio has increased from 20.7% to 30.8% over the past 5 years.
Debt Coverage: MCY's debt is well covered by operating cash flow (176.7%).
Interest Coverage: MCY's interest payments on its debt are well covered by EBIT (22.7x coverage).