United Fire Group
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has United Fire Group's balance sheet done over the years? Its assets were worth $3,144,190,000 last year, which is more than in the previous period. 77% of United Fire Group’s total assets is currently financed by debt. Its liabilities reached the amount of $2,410,445,000, which means an increase by 13% compared compared to last year.
Debt to Assets
| 2014 | 3856689000 | 3.03B | 78.81% |
|---|---|---|---|
| 2015 | 3890376000 | 3.01B | 77.41% |
| 2016 | 4054758000 | 3.11B | 76.77% |
| 2017 | 4183431000 | 3.21B | 76.73% |
| 2018 | 2816698000 | 1.92B | 68.46% |
| 2019 | 3013472000 | 20.58M | 0.68% |
| 2020 | 3069678000 | 74.92M | 2.44% |
| 2021 | 3012721000 | 76.75M | 2.55% |
| 2022 | 2882286000 | 2.14B | 74.32% |
| 2023 | 3144190000 | 2.41B | 76.66% |
UFCS Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 102.04M | 96.65M | 132.10M | 87.94M | 120.72M | 64.45M | 95.56M | 110.85M | 106.44M | 90.57M |
Short term investments | 100K | 275K | 275K | 175K | 175K | 175K | 175K | 175K | 175K | 175K |
Net receivables | 464.79M | 568.1M | 476.96M | 544.02M | 449.19M | 423.19M | 328.51M | 390.67M | 276.51M | 249.03M |
Inventory | 0 | -629.05M | -558.7M | -518.69M | -569.53M | -490.75M | -551.49M | -507.94M | 0 | 0 |
Other current assets | 27.68M | 544.10M | 558.7M | 518.69M | 569.53M | 490.75M | 0 | 423.47M | 0 | 0 |
Total current assets | 594.61M | 580.07M | 609.34M | 632.14M | 570.08M | 487.82M | 424.25M | 417.23M | 383.14M | 339.77M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 134.24M | 133.11M | 137.70M | 129.87M | 116.98M | 97.19M | 68.99M | 55.52M | 53.24M | 49.24M |
Goodwill | 0 | 0 | 0 | 0 | 15.09M | 15.09M | 15.09M | 15.09M | 15.09M | 15.09M |
Intangible assets | 4.61M | 5.32M | 6.03M | 6.74M | 7.45M | 8.16M | 8.88M | 9.64M | 10.41M | 11.18M |
Long term investments | 1.74B | 1.72B | 1.93B | 2.03B | 2.03B | 2.01B | 1.83B | 3.18B | 3.07B | 3.11B |
Other non-current assets | 1.93B | -1.72B | -55.09M | -66.8M | -72.63M | -912K | -1.83B | -3.18B | -3.07B | -3.11B |
Total non-current assets | 3.88B | 153.96M | 2.07B | 2.16B | 2.17B | 2.13B | 98.91M | 115.85M | 93.40M | 101.28M |
Total assets | 3.14B | 2.88B | 3.01B | 3.06B | 3.01B | 2.81B | 4.18B | 4.05B | 3.89B | 3.85B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 0 | 8.45M | 8.29M | 6.88M | 7.51M | 0 | 0 | 0 | 0 | 0 |
Total current liabilities | 0 | 1.45B | 1.50B | 1.55B | 1.51B | 1.37B | 1.32B | 1.20B | 4.91M | 5.01M |
| Non-current liabilities: | ||||||||||
Long term debt | 50M | 50M | 50M | 50M | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 2.21B | 93.58M | -76.75M | -74.92M | -20.58M | 485.85M | 3.20B | -35.58M | 3.00B | 3.03B |
Total non-current liabilities | 2.26B | 50M | 76.75M | 74.92M | 20.58M | 553.06M | 3.21B | 3.11B | 3.00B | 3.03B |
Total liabilities | 2.41B | 2.14B | 76.75M | 74.92M | 20.58M | 1.92B | 3.21B | 3.11B | 3.01B | 3.03B |
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