Erie Indemnity Company ERIE Total debt
Discontinued — last reported Q2 '22
Total debt at other companies
Other financials
Where this comes from
Calculated from Erie Indemnity Company’s reported figures.
Plus components not separately reported this period.
The official record: Erie Indemnity Company’s 10-Q, filed July 28, 2022, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Erie Indemnity Company's total debt?
- Erie Indemnity Company (ERIE) reported total debt of $40M in Q2 2022.
- How has Erie Indemnity Company's total debt changed year-over-year?
- Erie Indemnity Company's total debt decreased by 57.8% year-over-year, from $94.86M to $40M.
- What does total debt mean?
- The total amount of money the company owes to banks, bondholders, and other lenders.
- How do you interpret total debt?
- An increase in total debt suggests higher financial leverage and increased interest expense, which may heighten financial risk, while a decrease indicates deleveraging and a stronger balance sheet position.
- How does total debt compare across companies?
- Comparable to total debt figures reported by other insurance service providers and financial holding companies, though levels vary significantly based on capital structure strategy and regulatory requirements.