Hagerty (Hagerty) Debt-to-Equity : 1.50 (As of Mar. 2024)

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What is Hagerty Debt-to-Equity?

Hagerty's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $61 Mil. Hagerty's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $80 Mil. Hagerty's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $94 Mil. Hagerty's debt to equity for the quarter that ended in Mar. 2024 was 1.50.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Hagerty's Debt-to-Equity or its related term are showing as below:

HGTY' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.42 Med: 1.44 Max: 3.19
Current: 1.5

During the past 6 years, the highest Debt-to-Equity Ratio of Hagerty was 3.19. The lowest was -0.42. And the median was 1.44.

HGTY's Debt-to-Equity is ranked worse than
92.49% of 386 companies
in the Insurance industry
Industry Median: 0.23 vs HGTY: 1.50

Hagerty Debt-to-Equity Historical Data

The historical data trend for Hagerty's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hagerty Debt-to-Equity Chart

Hagerty Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.59

-0.42

3.19

1.95

Hagerty Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													2.70	2.34	1.72	1.95	1.50

Competitive Comparison of Hagerty's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Hagerty's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hagerty's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Hagerty's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hagerty's Debt-to-Equity falls into.

Hagerty Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hagerty's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(99.386	+	81.753)	/	92.704
	=	1.95

Hagerty's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(60.572	+	80.096)	/	93.533
	=	1.50

Hagerty (NYSE:HGTY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Hagerty Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Hagerty's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Hagerty (Hagerty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hagerty Inc (NYSE:HGTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 Drivers Edge, Traverse, MI, USA, 49684

Website

https://www.hagerty.com

Hagerty Inc is a provider of specialty automotive insurance. It offers insurance for cars, boats, trucks, motorcycles, tractors, motorsports and others. Substantial revenue is derived from Commission and fees. Geographically it serves Europe, Canada and the United States.

Executives

Laurie Harris	director	C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BOULEVARD, BRIDGEWATER TOWNSHIP NJ 08807
Patrick Mcclymont	officer: Chief Financial Officer	902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Kenneth Ahn	officer: President, Hagerty Marketplace	C/O BRIMSTONE ACQUISITION HOLDINGS CORP., 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139
William H Swanson	director	870 WINTER STREET, WALTHAM MA 02451
Kelly Edward Smith	officer: Chief Strategy Officer	2310 W. THREE LAKES DR., MERIDIAN ID 83646
John Carlisle Butcher	officer: President	18 THOMASINA LN., DARIEN CT 06820
Hagerty Holding Corp.	10 percent owner	121 DRIVERS EDGE, TRAVERSE CITY MI 49684
Mika Salmi	director	GSTEIGSTRASSE 17, ERLENBACH V8 8703
Mckeel Hagerty	director, officer: Chief Executive Officer	175 WILSON RD., TRAVERSE CITY MI 49686
Frederick Turcotte	officer: Chief Financial Officer	579 HIDDEN RIDGE DR., TRAVERSE CITY MI 49686
Champagne Collette	officer: Chief Operating Officer	510 SIXTH ST., TRAVERSE CITY MI 49684
Barbara E Matthews	officer: SVP, Gen. Counsel & Corp Secr.	323 GREEN ACRES LN., ELK RAPIDS MI 49629
Paul Rehrig	officer: Pres. of Hagerty Media & Entmt	13821 W. 87TH DR., ARVADA CO 80005
Michael L. Tipsord	director	STATE FARM INSURANCE COMPANYS, 1 STATE FARM PLAZA, BLOOMINGTON IL 61710
Sabrina Kay	director	30930 RUSSELL RANCH ROAD, SUITE 300, WESTLAKE VILLAGE CA 91362