Progressive Balance Sheet Health
Financial Health criteria checks 5/6
Progressive has a total shareholder equity of $27.2B and total debt of $6.9B, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are $105.2B and $78.0B respectively. Progressive's EBIT is $10.5B making its interest coverage ratio 37.8. It has cash and short-term investments of $892.6M.
Key information
25.4%
Debt to equity ratio
US$6.89b
Debt
| Interest coverage ratio | 37.8x |
| Cash | US$892.60m |
| Equity | US$27.16b |
| Total liabilities | US$78.04b |
| Total assets | US$105.20b |
Recent financial health updates
No updates
Recent updates
Auto Insurer Progressive Held Up In Traffic As Valuation Puts Brakes On Rating
Dec 02Here's Why Progressive (NYSE:PGR) Has Caught The Eye Of Investors
Nov 24
Progressive: Skyrocketing Car Insurance Costs Increase Consumer Price Sensitivity
Oct 28Progressive Is A Buy On Its Justified Valuation
Oct 16What The Progressive Corporation's (NYSE:PGR) P/E Is Not Telling You
Oct 04Progressive: A Backbone For Your Portfolio
Sep 25Progressive Corporation: Accumulate This Amazing Performer On Weaknesses
Aug 27If EPS Growth Is Important To You, Progressive (NYSE:PGR) Presents An Opportunity
Aug 26Results: The Progressive Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Jul 18Progressive Is A Buy Ahead Of Earnings
Jul 08Progressive: Innovation Prioritization And Continued Steady Growth Make It A Buy
Jun 29Progressive: Growth Story Already Priced In
Jun 19Investors Appear Satisfied With The Progressive Corporation's (NYSE:PGR) Prospects
Jun 18Progressive: This Winner Has Much More Long-Term Upside
Apr 12Progressive Insurance, Regressive Returns?
Jan 23Auto Insurer Progressive Speeds By On Revenue And Earnings, As Hold Rating Reaffirmed
Nov 09The Progressive Corporation: Analysts' Estimates Overly Optimistic (Maintain Strong Sell)
Oct 09Progressive: Continue To Hold Due To Mixed Q2 2023 Results
Jul 26Progressive: 2nd-Worst Day Since 2002 Following An EPS Miss, Stock Near Support
Jul 13The Progressive Corp: Leading Auto Insurer Crashes On Low Dividends And Overvaluation
Jun 21Financial Position Analysis
Short Term Liabilities: PGR's short term assets ($21.9B) do not cover its short term liabilities ($70.7B).
Long Term Liabilities: PGR's short term assets ($21.9B) exceed its long term liabilities ($7.4B).
Debt to Equity History and Analysis
Debt Level: PGR's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: PGR's debt to equity ratio has reduced from 30.7% to 25.4% over the past 5 years.
Debt Coverage: PGR's debt is well covered by operating cash flow (211.1%).
Interest Coverage: PGR's interest payments on its debt are well covered by EBIT (37.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 02:39 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
The Progressive Corporation is covered by 43 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Jay Gelb | Barclays |
| Alex Scott | Barclays |