Aflac Balance Sheet Health
Financial Health criteria checks 4/6
Aflac has a total shareholder equity of $22.0B and total debt of $9.2B, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are $126.7B and $104.7B respectively. Aflac's EBIT is $5.5B making its interest coverage ratio 28. It has cash and short-term investments of $5.6B.
Key information
41.7%
Debt to equity ratio
US$9.16b
Debt
Interest coverage ratio | 28x |
Cash | US$5.62b |
Equity | US$21.99b |
Total liabilities | US$104.74b |
Total assets | US$126.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFL's short term assets ($7.7B) exceed its short term liabilities ($4.8B).
Long Term Liabilities: AFL's short term assets ($7.7B) do not cover its long term liabilities ($99.9B).
Debt to Equity History and Analysis
Debt Level: AFL's net debt to equity ratio (16.1%) is considered satisfactory.
Reducing Debt: AFL's debt to equity ratio has increased from 29.1% to 41.7% over the past 5 years.
Debt Coverage: AFL's debt is well covered by operating cash flow (34.8%).
Interest Coverage: AFL's interest payments on its debt are well covered by EBIT (28x coverage).