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Hagerty Inc   (HGTY)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial

Hagerty Inc 's Quick Ratio

HGTY's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Hagerty Inc 's Cash & cash equivalent grew by 5.65 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Hagerty Inc 's Quick Ratio to 0.86, Quick Ratio remained below Hagerty Inc average.

Within Insurance Brokerage industry 4 other companies have achieved higher Quick Ratio than Hagerty Inc in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 981, from total ranking in the third quarter 2023 at 1674.

Explain Quick Ratio?
How much Cash & cash equivalents HGTY´s has?
What are HGTY´s Current Liabilities?


HGTY Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 26.21 % 23.61 % 31.07 % 35.35 % 34.6 %
Y / Y Cash & cash equivalent Change 34.33 % 11.23 % 12.63 % -9.75 % -10.73 %
Quick Ratio MRQ 0.86 0.77 0.75 0.73 0.81
HGTY's Total Ranking # 981 # 1674 # 1863 # 1610 # 1429
Seq. Current Liabilities Change -5.43 % 4.95 % 22.05 % 4.18 % -7.38 %
Seq. Cash & cash equivalent Change 5.65 % 8.42 % 24.63 % -5.9 % -12.52 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Insurance Brokerage Industry # 5
Financial Sector # 170
Overall Market # 981


Quick Ratio Statistics
High Average Low
13.11 2.2 0.68
(Jun 30 2021)   (Mar 31 2021)




Financial Statements
Hagerty Inc 's Current Liabilities $ 842 Millions Visit HGTY's Balance sheet
Hagerty Inc 's Cash & cash equivalent $ 724 Millions Visit HGTY's Balance sheet
Source of HGTY's Sales Visit HGTY's Sales by Geography


Cumulative Hagerty Inc 's Quick Ratio

HGTY's Quick Ratio for the trailling 12 Months

HGTY Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 26.21 % 23.61 % 31.07 % 35.35 % 34.6 %
Y / Y Cash & cash equivalent TTM Growth 34.33 % 11.23 % 12.63 % -9.75 % -10.73 %
Quick Ratio TTM 0.78 0.76 0.78 0.81 0.89
Total Ranking TTM # 2220 # 1559 # 1676 # 3774 # 2192
Seq. Current Liabilities TTM Growth -5.43 % 4.95 % 22.05 % 4.18 % -7.38 %
Seq. Cash & cash equivalent TTM Growth 5.65 % 8.42 % 24.63 % -5.9 % -12.52 %


On the trailing twelve months basis HGTY Cash & cash equivalent grew by 34.33 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Hagerty Inc 's Quick Ratio to 0.78, Quick Ratio remained below HGTY average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Insurance Brokerage industry 8 other companies have achieved higher Quick Ratio than Hagerty Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 1559 to 2220.

Explain Quick Ratio?
How much Cash & cash equivalents HGTY´s has?
What are HGTY´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Insurance Brokerage Industry # 9
Financial Sector # 83
Within the Market # 2220


trailing twelve months Quick Ratio Statistics
High Average Low
1.22 0.94 0.76
(Dec 31 2021)   (Sep 30 2023)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Insurance Brokerage Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Stewart Information Services Corp  1.43 $ 272.388  Millions$ 190.054  Millions
Enact Holdings Inc   1.23 $ 635.902  Millions$ 518.191  Millions
Goosehead Insurance Inc   1.03 $ 41.956  Millions$ 40.890  Millions
Hagerty Inc   0.86 $ 724.276  Millions$ 842.299  Millions
Equitable Holdings Inc   0.44 $ 9,296.000  Millions$ 21,050.000  Millions
Sundance Strategies Inc   0.33 $ 0.556  Millions$ 1.664  Millions
Gohealth Inc   0.25 $ 90.809  Millions$ 370.013  Millions
Aon Plc  0.21 $ 1,147.000  Millions$ 5,344.000  Millions
Equitable Financial Life Insurance Company  0.18 $ 3,090.000  Millions$ 17,585.000  Millions

Date modified: 2024-03-12T16:38:10+00:00



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