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
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 04
Progressive: 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 23What You Can Learn From The Progressive Corporation's (NYSE:PGR) P/E
Dec 18Auto 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 24Financial 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).