Progressive Balance Sheet Health
Financial Health criteria checks 5/6
Progressive has a total shareholder equity of $21.8B and total debt of $6.9B, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are $94.1B and $72.3B respectively. Progressive's EBIT is $7.6B making its interest coverage ratio 27.5. It has cash and short-term investments of $1.5B.
Key information
31.6%
Debt to equity ratio
US$6.89b
Debt
| Interest coverage ratio | 27.5x |
| Cash | US$1.48b |
| Equity | US$21.81b |
| Total liabilities | US$72.32b |
| Total assets | US$94.13b |
Recent financial health updates
No updates
Recent updates
Progressive: This Winner Has Much More Long-Term Upside
Apr 12Progressive Insurance, Regressive Returns?
Jan 23What You Can Learn From The Progressive Corporation's (NYSE:PGR) P/E
Dec 18
Auto 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 21Progressive posts 13% Y/Y increase in January earned premiums
Feb 15Progressive Q4 2022 Earnings Preview
Jan 24The Progressive reduces loss estimates from Hurricane Ian
Dec 21Progressive posts increased premium for November
Dec 14LRT Capital - Progressive Corp: Evolving Towards A Duopoly
Nov 09Progressive: Shares Trending Higher Into Earnings, Profitability Seen Improving
Oct 10Progressive (NYSE:PGR) Will Pay A Dividend Of $0.10
Sep 16Progressive reports profit growth in monthly update
Aug 17Progressive (NYSE:PGR) Has Announced A Dividend Of $0.10
Aug 12Baron Fintech Fund - Progressive Corp.: Rising Interest Rates, A Financial Tailwind
Aug 11Progressive: Too Pricey For Uncertain Dividend Yields
Jul 20Progressive Q2 2022 Earnings Preview
Jul 14Progressive (NYSE:PGR) Will Pay A Dividend Of US$0.10
Jul 03Progressive (NYSE:PGR) Will Pay A Dividend Of US$0.10
Jun 19Financial Position Analysis
Short Term Liabilities: PGR's short term assets ($21.5B) do not cover its short term liabilities ($65.4B).
Long Term Liabilities: PGR's short term assets ($21.5B) exceed its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: PGR's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: PGR's debt to equity ratio has reduced from 35.7% to 31.6% over the past 5 years.
Debt Coverage: PGR's debt is well covered by operating cash flow (180.4%).
Interest Coverage: PGR's interest payments on its debt are well covered by EBIT (27.5x coverage).