Mercury General Corporation

NYSE:MCY Stock Report

Market Cap: US$3.8b

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 ratio22.7x
CashUS$904.98m
EquityUS$1.86b
Total liabilitiesUS$6.29b
Total assetsUS$8.15b

Recent financial health updates

No updates

Recent updates

Mercury General: Turning Lead Into Gold

Oct 31

It's A Story Of Risk Vs Reward With Mercury General Corporation (NYSE:MCY)

Oct 10
It's A Story Of Risk Vs Reward With Mercury General Corporation (NYSE:MCY)

Mercury General: Very Cheap, And Expert Of Maximizing After-Tax Yield

Sep 20

Cautious Investors Not Rewarding Mercury General Corporation's (NYSE:MCY) Performance Completely

Jun 07
Cautious Investors Not Rewarding Mercury General Corporation's (NYSE:MCY) Performance Completely

Even With A 26% Surge, Cautious Investors Are Not Rewarding Mercury General Corporation's (NYSE:MCY) Performance Completely

Mar 07
Even With A 26% Surge, Cautious Investors Are Not Rewarding Mercury General Corporation's (NYSE:MCY) Performance Completely

Investors Holding Back On Mercury General Corporation (NYSE:MCY)

Jan 06
Investors Holding Back On Mercury General Corporation (NYSE:MCY)

Mercury General: From A Pariah To A Potential Candidate For Recovery

Nov 16

Mercury General (NYSE:MCY) Will Pay A Dividend Of $0.3175

Nov 04
Mercury General (NYSE:MCY) Will Pay A Dividend Of $0.3175

Mercury General (NYSE:MCY) Has Announced A Dividend Of $0.3175

Aug 29
Mercury General (NYSE:MCY) Has Announced A Dividend Of $0.3175

Mercury General: Struggling Against Ongoing Headwinds

Aug 08

Mercury General (NYSE:MCY) Is Paying Out A Dividend Of $0.3175

Aug 05
Mercury General (NYSE:MCY) Is Paying Out A Dividend Of $0.3175

Mercury General Non-GAAP EPS of -$1.45 misses by $0.84, revenue of $1.15B beats by $166.02M

Feb 14

Mercury General GAAP EPS of -$3.80, revenue of $785.6M

Aug 02

Mercury General's (NYSE:MCY) Dividend Will Be US$0.64

May 07
Mercury General's (NYSE:MCY) Dividend Will Be US$0.64

Mercury General's (NYSE:MCY) Dividend Will Be US$0.64

Feb 19
Mercury General's (NYSE:MCY) Dividend Will Be US$0.64

Mercury General: Always No, Forever No

Jan 03

With EPS Growth And More, Mercury General (NYSE:MCY) Is Interesting

Dec 31
With EPS Growth And More, Mercury General (NYSE:MCY) Is Interesting

Mercury General (NYSE:MCY) Has Announced A Dividend Of US$0.64

Nov 06
Mercury General (NYSE:MCY) Has Announced A Dividend Of US$0.64

Financial 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).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Mercury General Corporation is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alison JacobowitzBofA Global Research
Kenneth BillingsleyCompass Point Research & Trading, LLC
Charles GatesCredit Suisse