Heritage Historical Balance Sheet

HRTG Stock  USD 12.43  0.06  0.48%   
Trend analysis of Heritage Insurance Hldgs balance sheet accounts such as Total Current Liabilities of 612.8 M or Total Stockholder Equity of 317.9 M provides information on Heritage Insurance's total assets, liabilities, and equity, which is the actual value of Heritage Insurance Hldgs to its prevalent stockholders. By breaking down trends over time using Heritage Insurance balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Heritage Insurance Hldgs latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Heritage Insurance Hldgs is a good buy for the upcoming year.

Heritage Insurance Inventory

(580.79 Million)

  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About Heritage Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Heritage Insurance Hldgs at a specified time, usually calculated after every quarter, six months, or one year. Heritage Insurance Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Heritage Insurance and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Heritage currently owns. An asset can also be divided into two categories, current and non-current.

Heritage Insurance Balance Sheet Chart

At this time, Heritage Insurance's Property Plant And Equipment Net is most likely to increase significantly in the upcoming years. The Heritage Insurance's current Non Current Assets Total is estimated to increase to about 1.7 B, while Short and Long Term Debt Total is projected to decrease to roughly 142.8 M.

Total Assets

Total assets refers to the total amount of Heritage Insurance assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Heritage Insurance Hldgs books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Heritage Insurance balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Heritage Insurance Hldgs are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most accounts from Heritage Insurance's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Heritage Insurance Hldgs current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Heritage Insurance's Property Plant And Equipment Net is most likely to increase significantly in the upcoming years. The Heritage Insurance's current Non Current Assets Total is estimated to increase to about 1.7 B, while Short and Long Term Debt Total is projected to decrease to roughly 142.8 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total151.9M170.2M148.2M142.8M
Total Assets2.0B2.4B2.2B1.6B

Heritage Insurance balance sheet Correlations

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Click cells to compare fundamentals

Heritage Insurance Account Relationship Matchups

Heritage Insurance balance sheet Accounts

201920202021202220232024 (projected)
Total Assets1.9B2.1B2.0B2.4B2.2B1.6B
Short Long Term Debt Total139.6M131.0M151.9M170.2M148.2M142.8M
Other Current Liab(237.4M)(261.0M)(462.1M)(245.3M)(177.5M)(186.4M)
Total Current Liabilities237.4M261.0M263.3M16.8M583.6M612.8M
Total Stockholder Equity448.8M442.3M343.1M131.0M220.3M317.9M
Other Liab13.0M677.8M599.6M229K263.4K250.2K
Property Plant And Equipment Net20.8M18.7M45.2M53.2M57.7M60.5M
Net Debt(139.1M)(320.0M)(207.4M)(110.7M)(315.4M)(299.7M)
Retained Earnings217.3M219.8M138.4M(19.2M)26.1M24.8M
Accounts Payable227.4M251.0M201.8M217.5M176.0M136.8M
Cash268.4M441.0M359.3M280.9M463.6M262.3M
Non Current Assets Total829.1M796.0M863.8M102.8M1.6B1.7B
Non Currrent Assets Other(12.6M)(18.5M)(9.4M)(653.9M)1.5B1.6B
Other Assets(240.8M)(173.4M)(264.8M)1.9B(45.8M)(43.5M)
Long Term Debt119.2M121.0M120.8M128.9M30.1M28.6M
Cash And Short Term Investments855.6M1.0B1.0B916.5M463.6M722.2M
Net Receivables495.8M464.7M353.1M909.9M89.5M85.0M
Common Stock Shares Outstanding29.2M28.0M27.8M26.3M26.3M22.3M
Short Term Investments587.3M561.0M669.4M635.6M89.5M85.1M
Liabilities And Stockholders Equity1.9B2.1B2.0B2.4B2.2B1.6B
Non Current Liabilities Total179.3M179.5M201.8M2.2B1.9B2.0B
Total Liab1.5B1.6B1.6B2.3B1.9B1.2B
Property Plant And Equipment Gross18.7M18.0M20.8M18.7M21.5M17.0M
Total Current Assets1.4B1.5B1.4B373.6M558.1M844.6M
Property Plant Equipment27.4M18.7M45.2M25.7M29.6M21.6M
Accumulated Other Comprehensive Income7.3M6.1M(4.6M)(53.6M)(35.3M)(33.5M)
Net Tangible Assets227.7M227.6M195.2M81.5M73.3M69.7M
Retained Earnings Total Equity217.3M219.8M138.4M(19.2M)(17.3M)(16.4M)
Capital Surpluse329.6M331.9M332.8M334.7M384.9M311.1M
Other Current Assets418.4M629.9M495.8M512.1M5.0M4.7M
Other Stockholder Equity224.2M216.5M209.2M203.8M229.4M230.8M
Deferred Long Term Liab7.7M12.6M18.5M9.4M10.8M11.8M
Long Term Investments588.9M591.8M697.9M637.1M569.4M570.2M
Treasury Stock(105.4M)(115.4M)(123.6M)(130.9M)(117.8M)(123.7M)
Non Current Liabilities Other1.3B1.5B1.5B2.1B2.4B1.2B
Intangible Assets68.6M62.3M55.9M49.6M42.6M56.2M

Currently Active Assets on Macroaxis

When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Insurance. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.033
Earnings Share
2.53
Revenue Per Share
26.755
Quarterly Revenue Growth
0.137
Return On Assets
0.0259
The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.