Progressive Balance Sheet Health
Financial Health criteria checks 5/6
Progressive has a total shareholder equity of $23.3B and total debt of $6.9B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are $97.9B and $74.6B respectively. Progressive's EBIT is $9.0B making its interest coverage ratio 32.3. It has cash and short-term investments of $733.4M.
Key information
29.5%
Debt to equity ratio
US$6.89b
Debt
| Interest coverage ratio | 32.3x |
| Cash | US$733.40m |
| Equity | US$23.34b |
| Total liabilities | US$74.55b |
| Total assets | US$97.89b |
Recent financial health updates
No updates
Recent updates
Results: The Progressive Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Jul 18
Progressive 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 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 16Financial Position Analysis
Short Term Liabilities: PGR's short term assets ($20.2B) do not cover its short term liabilities ($67.7B).
Long Term Liabilities: PGR's short term assets ($20.2B) exceed its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: PGR's net debt to equity ratio (26.4%) is considered satisfactory.
Reducing Debt: PGR's debt to equity ratio has reduced from 32.5% to 29.5% 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 (32.3x coverage).