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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Hagerty's Total Liabilities for the quarter that ended in Mar. 2024 was $1,149 Mil. Hagerty's Total Assets for the quarter that ended in Mar. 2024 was $1,570 Mil. Therefore, Hagerty's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.73.
The historical data trend for Hagerty's Liabilities-to-Assets 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.
Hagerty Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.75 | 0.81 | 0.74 | 0.72 | 0.74 |
Hagerty Quarterly Data | ||||||||||||||||||
Dec18 | Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.73 | 0.71 | 0.70 | 0.74 | 0.73 |
For the Insurance - Property & Casualty subindustry, Hagerty's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
For the Insurance industry and Financial Services sector, Hagerty's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Hagerty's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Hagerty's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Liabilities-to-Assets (A: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 1177.703 | / | 1588.212 | |
= | 0.74 |
Hagerty's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as
Liabilities-to-Assets (Q: Mar. 2024 ) | = | Total Liabilities | / | Total Assets |
= | 1149.429 | / | 1570.248 | |
= | 0.73 |
* 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.
Hagerty (NYSE:HGTY) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Thank you for viewing the detailed overview of Hagerty's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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