To the full analysis
Brown & Brown stock: balance sheet and debt
BROBrown & Brown has a debt to equity ratio of 0.63 and an interest coverage of 5.4x.
Daily figure as of 13 Nov 2026
Debt / Equity
0.63
Interest coverage
5.4x
Current ratio
1.04
Cash & equivalents
$1.08B
Total assets
$29.99B
Equity ratio
41.9%
Goodwill
$15.09B
Plus intangible assets of $4.91B
Net debt
$6.84B
Total assets and equity ratio
How large the balance sheet of Brown & Brown, Inc. is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $1.81B | $1.08B | $684.52M | 51.4% | $152.94M |
| 2007 | $1.96B | $1.29B | $846.43M | 56.0% | $198.1M |
| 2008 | $2.12B | $1.52B | $1.02B | 58.6% | $173.71M |
| 2009 | $2.22B | $1.54B | $1.07B | 61.6% | $62.01M |
| 2010 | $2.4B | $1.68B | $1.19B | 62.7% | −$28.93M |
| 2011 | $2.61B | $1.82B | $1.32B | 63.1% | −$42.67M |
| 2012 | $3.13B | $2.28B | $1.71B | 57.8% | $222.09M |
| 2013 | $3.65B | $2.63B | $2.01B | 55.0% | $266.42M |
| 2014 | $4.96B | $3.25B | $2.46B | 42.6% | $717.27M |
| 2015 | $5.01B | $3.33B | $2.59B | 42.9% | $687.59M |
| 2016 | $5.29B | $3.38B | $2.68B | 44.6% | $543.18M |
| 2017 | $5.75B | $3.36B | $2.72B | 44.9% | $377.79M |
| 2018 | $6.69B | $4.33B | $3.43B | 44.9% | $1.06B |
| 2019 | $7.62B | $4.66B | $3.75B | 44.0% | $1.21B |
| 2020 | $8.97B | $5.45B | $4.4B | 41.9% | $1.48B |
| 2021 | $9.8B | $5.82B | $4.74B | 42.8% | $1.54B |
| 2022 | $13.97B | $8.27B | $6.67B | 33.0% | $3.52B |
| 2023 | $14.88B | $8.96B | $7.34B | 37.5% | $3.31B |
| 2024 | $17.61B | $9.78B | $7.97B | 36.6% | $3.38B |
| 2025 | $29.99B | $19.99B | $15.09B | 41.9% | $6.84B |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $91.4M | $929.35M | $244.33M | 0.26 |
| 2007 | $41.13M | $1.1B | $239.23M | 0.22 |
| 2008 | $86.07M | $1.24B | $259.78M | 0.21 |
| 2009 | $205.33M | $1.37B | $267.33M | 0.2 |
| 2010 | $280.66M | $1.51B | $251.73M | 0.17 |
| 2011 | $293.93M | $1.64B | $251.26M | 0.15 |
| 2012 | $228M | $1.81B | $450.09M | 0.25 |
| 2013 | $213.58M | $2.01B | $480M | 0.24 |
| 2014 | $481.21M | $2.11B | $1.2B | 0.57 |
| 2015 | $457.15M | $2.15B | $1.14B | 0.53 |
| 2016 | $530.69M | $2.36B | $1.07B | 0.45 |
| 2017 | $598.35M | $2.58B | $976.14M | 0.38 |
| 2018 | $451.83M | $3B | $1.51B | 0.5 |
| 2019 | $554.5M | $3.35B | $1.77B | 0.53 |
| 2020 | $835.73M | $3.75B | $2.31B | 0.62 |
| 2021 | $706.1M | $4.2B | $2.25B | 0.54 |
| 2022 | $662M | $4.61B | $4.18B | 0.91 |
| 2023 | $711M | $5.58B | $4.02B | 0.72 |
| 2024 | $685M | $6.44B | $4.06B | 0.63 |
| 2025 | $1.08B | $12.55B | $7.92B | 0.63 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 30 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.