Progressive Corp Balance Sheet - Quarterly (NYSE:PGR)

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$69.88 $0.2 (0.29%) PGR stock closing price Sep 19, 2018 (Closing)

A thorough fundamental analysis involves using data from Progressive Corp balance sheet, apart from other financial statements, to value the business. Financial strength can be guaged by performing Progressive Corp stock analysis and by analyzing the balance sheet. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Apart from analyzing Progressive Corp revenue Progressive Corp operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Progressive Corp balance sheet for 2018 Q2 shows cash on hand of $157.7M. The company has a debt to equity ratio of 0.35.

View and download Progressive Corp quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash157.7M196.6M275.3M256.3M161.8M215M226.4M165.7M134.7M209.9M
Marketable Securities3.23B3.05B2.87B4.31B3.73B3.04B3.57B5.88B5.17B3.83B
Receivables8.79B8.42B7.82B8.33B7.23B6.9B6.5B6.74B6.29B6.04B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
12.18B11.67B10.96B12.9B11.12B10.16B10.3B12.78B11.59B10.08B
Property Plant & Equipment----------
Accumulated Depreciation----------
Net Property Plant & Equipment
1.12B1.11B1.12B1.13B1.15B1.17B1.18B1.12B1.08B1.06B
Investment & Advances27.69B26.2B24.41B22.68B22.25B21.26B19.91B17.65B17.21B17.5B
Other Non-Current Assets----------
Deferred Charges895.7M842.3M780.5M782.6M727.2M679.5M651.2M675.4M645.2M600M
Intangibles783.3M801.3M819.3M837.3M854.5M866.7M882.2M897.7M913.2M927M
Deposits & Other Assets702M705M616.2M598.3M585.3M680.5M510.1M503.2M515.8M551.6M
Total Assets
43.36B41.33B38.7B38.93B36.69B34.81B33.43B33.62B31.96B30.72B
Notes Payable----------
Accounts Payable28.24B26.58B25.47B25.63B23.62B22.51B21.73B21.74B20.85B19.88B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
28.24B26.58B25.47B25.63B23.62B22.51B21.73B21.74B20.85B19.88B
Mortgages----------
Deferred Taxes/Income46M53.2M135M201.5M191.8M168.4M111.3M156.9M140.7M113.9M
Convertible Debt----------
Long-Term Debt3.86B3.86B3.31B3.31B3.38B3.11B3.15B3.15B2.66B2.7B
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
32.36B31.01B29.42B29.64B27.7B26.29B25.47B25.53B24.12B23.16B
Minority Interest218.2M514.2M503.7M498.2M501.8M494.2M483.7M472.5M466.8M467.4M
Preferred Stock493.9M493.9M--------
Common Stock Net582.5M582.4M581.7M581.6M581M580.9M579.9M580.8M581.9M583M
Capital Surplus1.43B1.4B1.39B1.37B1.35B1.33B1.3B1.28B1.26B1.23B
Retained Earnings8.72B8.02B6.03B6.12B5.91B5.54B5.14B5.18B5.03B4.88B
Treasury Stock----------
Other Liabilities-221.9M-172.6M1.28B1.23B1.15B1.07B933.4M1.05B957.8M868M
Shareholders Equity11B10.32B9.28B9.29B8.99B8.52B7.96B8.09B7.84B7.56B
Total Liabilities & Shareholders Equity43.36B41.33B38.7B38.93B36.69B34.81B33.43B33.62B31.96B30.72B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Progressive Corp historical stock prices and the current Progressive Corp stock price can tell you how the stock price has moved, whereas the Progressive Corp PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: PGR total assets, which was at $43.36B for 2018 Q2 is a balance sheet item representing value of what Progressive Corp owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. PGR stock had total liabilities of $32.36B for the quarter 2018 Q2.

Progressive Corp Balance Sheet - Key Ratios

Current ratio
0.43
Debt to equity ratio
0.35
Asset turnover ratio
0.76
Receivables turnover
3.62
Price to book ratio
4.16