Hiscox Balance Sheet Health
Financial Health criteria checks 5/6
Hiscox has a total shareholder equity of $3.4B and total debt of $689.3M, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are $11.3B and $8.0B respectively. Hiscox's EBIT is $720.7M making its interest coverage ratio 14. It has cash and short-term investments of $1.1B.
Key information
20.5%
Debt to equity ratio
US$689.30m
Debt
| Interest coverage ratio | 14x |
| Cash | US$1.11b |
| Equity | US$3.37b |
| Total liabilities | US$7.97b |
| Total assets | US$11.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HCXL.F's short term assets ($4.0B) exceed its short term liabilities ($429.0M).
Long Term Liabilities: HCXL.F's short term assets ($4.0B) do not cover its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: HCXL.F has more cash than its total debt.
Reducing Debt: HCXL.F's debt to equity ratio has reduced from 30.7% to 20.5% over the past 5 years.
Debt Coverage: HCXL.F's debt is well covered by operating cash flow (53.2%).
Interest Coverage: HCXL.F's interest payments on its debt are well covered by EBIT (14x coverage).