SelectQuote Balance Sheet Health
Financial Health criteria checks 3/6
SelectQuote has a total shareholder equity of $269.4M and total debt of $680.4M, which brings its debt-to-equity ratio to 252.5%. Its total assets and total liabilities are $1.1B and $877.4M respectively. SelectQuote's EBIT is $75.0M making its interest coverage ratio 0.8. It has cash and short-term investments of $11.7M.
Key information
252.5%
Debt to equity ratio
US$680.45m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$11.74m |
| Equity | US$269.44m |
| Total liabilities | US$877.43m |
| Total assets | US$1.15b |
Recent financial health updates
Recent updates
SelectQuote, Inc. (NYSE:SLQT) Stock Rockets 29% But Many Are Still Ignoring The Company
Nov 20
SelectQuote, Inc. (NYSE:SLQT) Released Earnings Last Week And Analysts Lifted Their Price Target To US$4.50
Nov 07SelectQuote, Inc. (NYSE:SLQT) Might Not Be As Mispriced As It Looks After Plunging 49%
Oct 03SelectQuote, Inc. (NYSE:SLQT) Doing What It Can To Lift Shares
Jul 02Investors Still Aren't Entirely Convinced By SelectQuote, Inc.'s (NYSE:SLQT) Revenues Despite 29% Price Jump
Feb 13SelectQuote Q2: Strong Revenue Growth But Retaining My Hold Rating
Feb 07SelectQuote: Insider Buying But A Significant Debt Load
Nov 13It's Probably Less Likely That SelectQuote, Inc.'s (NYSE:SLQT) CEO Will See A Huge Pay Rise This Year
Nov 08SelectQuote: Still Risky After Falling 96% From Its Peak
Sep 01Market Cool On SelectQuote, Inc.'s (NYSE:SLQT) Revenues Pushing Shares 29% Lower
Aug 25SelectQuote's Focus On Profitability Is Beginning To Show
Jun 08SelectQuote appoints Ryan Clement as CFO
Feb 22SelectQuote Q2 2023 Earnings Preview
Feb 06SelectQuote Q1 2023 Earnings Preview
Nov 02NYSE notifies SelectQuote of non-compliance
Oct 27SelectQuote: Skeptical About The Turnaround Plan
Sep 13SelectQuote appoints Alan Muney as chief medical officer
Aug 25SelectQuote: The Retrenching Plan May Not Work Out
May 25SelectQuote: This Did Not Turn Out As Planned
Feb 22SelectQuote Appears Well Positioned For All-Important Q4
Dec 03SelectQuote: Ignore Sentiment, And Stick To Fundamentals
Nov 18SelectQuote: Sizing Up This Volatile Insurance Broker
Oct 10The Bottom Fishing Club: SelectQuote
Sep 06Financial Position Analysis
Short Term Liabilities: SLQT's short term assets ($306.9M) exceed its short term liabilities ($166.7M).
Long Term Liabilities: SLQT's short term assets ($306.9M) do not cover its long term liabilities ($710.7M).
Debt to Equity History and Analysis
Debt Level: SLQT's net debt to equity ratio (248.2%) is considered high.
Reducing Debt: SLQT's debt to equity ratio has increased from 9.8% to 252.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SLQT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SLQT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.6% per year.