QBE Insurance Group Balance Sheet Health
Financial Health criteria checks 5/6
QBE Insurance Group has a total shareholder equity of $10.2B and total debt of $2.8B, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are $42.6B and $32.5B respectively. QBE Insurance Group's EBIT is $2.6B making its interest coverage ratio 15.9. It has cash and short-term investments of $5.8B.
Key information
27.3%
Debt to equity ratio
US$2.78b
Debt
| Interest coverage ratio | 15.9x |
| Cash | US$5.82b |
| Equity | US$10.18b |
| Total liabilities | US$32.45b |
| Total assets | US$42.63b |
Recent financial health updates
No updates
Recent updates
With EPS Growth And More, QBE Insurance Group (ASX:QBE) Makes An Interesting Case
Nov 24
There's No Escaping QBE Insurance Group Limited's (ASX:QBE) Muted Earnings
Sep 30QBE Insurance Group's (ASX:QBE) Dividend Will Be $0.24
Aug 11QBE Insurance Group Limited's (ASX:QBE) Shares Lagging The Market But So Is The Business
May 22It Looks Like The CEO Of QBE Insurance Group Limited (ASX:QBE) May Be Underpaid Compared To Peers
May 03With EPS Growth And More, QBE Insurance Group (ASX:QBE) Makes An Interesting Case
Apr 15QBE Insurance Group Limited (ASX:QBE) Looks Inexpensive But Perhaps Not Attractive Enough
Jan 01Financial Position Analysis
Short Term Liabilities: QBE's short term assets ($14.9B) exceed its short term liabilities ($266.0M).
Long Term Liabilities: QBE's short term assets ($14.9B) do not cover its long term liabilities ($32.2B).
Debt to Equity History and Analysis
Debt Level: QBE has more cash than its total debt.
Reducing Debt: QBE's debt to equity ratio has reduced from 36.7% to 27.3% over the past 5 years.
Debt Coverage: QBE's debt is well covered by operating cash flow (130.6%).
Interest Coverage: QBE's interest payments on its debt are well covered by EBIT (15.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 23:25 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
QBE Insurance Group Limited is covered by 29 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Le Mesurier | Axiome Equities |
| Russell Wright | Barclay Pearce Capital Pty Limited |
| Andrew Adams | Barrenjoey Markets Pty Limited |