Hagerty, Inc. financial data

Symbol
HGTY on NYSE, HGTPW on OTC
Industry
Insurance Agents, Brokers & Service
Location
121 Drivers Edge, Traverse City, Michigan
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Aldel Financial Inc. (to 11/22/2021)
Latest financial report
10-Q - Q2 2024 - Aug 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 134 % -4.17%
Quick Ratio 0.7 %
Debt-to-equity 1.26K % -8.2%
Return On Equity 2.79 %
Return On Assets 0.76 %
Operating Margin 5.42 %

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 341M shares +0.34%
Entity Public Float 232M USD -11.6%
Weighted Average Number of Shares Outstanding, Basic 82.4K shares -17.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.11B USD +23.8%
Revenue from Contract with Customer, Excluding Assessed Tax 509M USD +18.7%
Selling and Marketing Expense 167M USD +9.89%
General and Administrative Expense 84M USD -8.31%
Operating Income (Loss) 59.9M USD +121%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 48.5M USD +152%
Income Tax Expense (Benefit) 20.1M USD +96.5%
Net Income (Loss) Attributable to Parent 10.4M USD
Earnings Per Share, Basic 67.8 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 121M USD +5.85%
Accounts Receivable, after Allowance for Credit Loss, Current 88.4M USD +15.1%
Inventory, Net 13.9M USD +180%
Other Assets, Current 84.4M USD +32%
Assets, Current 1.01B USD -14.2%
Property, Plant and Equipment, Net 19.9M USD -15%
Operating Lease, Right-of-Use Asset 47.2M USD -39.2%
Intangible Assets, Net (Excluding Goodwill) 82.8M USD -20.2%
Goodwill 114M USD -0.78%
Other Assets, Noncurrent 46.6M USD +13.8%
Assets 1.73B USD +11.4%
Accounts Payable, Current 16.3M USD +79.2%
Accrued Liabilities, Current 48.2M USD
Contract with Customer, Liability, Current 36.6M USD +23.4%
Liabilities, Current 970M USD +14.3%
Contract with Customer, Liability, Noncurrent 16.3M USD -10.9%
Deferred Income Tax Liabilities, Net 18M USD +9.07%
Operating Lease, Liability, Noncurrent 46.7M USD -39.4%
Other Liabilities, Noncurrent 2.96M USD -44.9%
Liabilities 1.19B USD +9.12%
Accumulated Other Comprehensive Income (Loss), Net of Tax -667K USD -904%
Retained Earnings (Accumulated Deficit) -460M USD +5.99%
Stockholders' Equity Attributable to Parent 94.4M USD +40.1%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 454M USD +20%
Liabilities and Equity 1.73B USD +11.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 58.2M USD +397%
Net Cash Provided by (Used in) Financing Activities -37.2M USD -97.2%
Net Cash Provided by (Used in) Investing Activities -18.3M USD +26.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 2.53M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 316M USD -50.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1.24M USD -45.6%
Deferred Tax Assets, Valuation Allowance 166M USD -5.67%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 184M USD -1.99%
Operating Lease, Liability 53.1M USD -37.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 20.8M USD +101%
Lessee, Operating Lease, Liability, to be Paid 65.9M USD -40.8%
Property, Plant and Equipment, Gross 45M USD -4.56%
Operating Lease, Liability, Current 6.46M USD -19.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 8.13M USD -31.6%
Lessee, Operating Lease, Liability, to be Paid, Year One 8.79M USD -28.5%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure -18.2%
Deferred Income Tax Expense (Benefit) -571K USD -161%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 12.7M USD -51.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 7.81M USD -30.6%
Deferred Tax Assets, Operating Loss Carryforwards 23.3M USD +35.5%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 20M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 7.83M USD -29.2%
Additional Paid in Capital 555M USD -0.28%
Preferred Stock, Shares Outstanding 0 shares
Operating Leases, Future Minimum Payments, Due in Two Years 8.78M USD 0%
Amortization of Intangible Assets 29.1M USD +11.5%
Depreciation, Depletion and Amortization 42.2M USD -0.79%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 9.07M USD 0%
Deferred Tax Assets, Net of Valuation Allowance 14.5M USD +23.3%
Share-based Payment Arrangement, Expense 18.7M USD +6.67%
Operating Leases, Future Minimum Payments, Due in Three Years 8.59M USD 0%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%