QBE Insurance Group Financial Health
Financial Health criteria checks 5/6
QBE Insurance Group has a total shareholder equity of $9.0B and total debt of $2.7B, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are $49.5B and $40.5B respectively. QBE Insurance Group's EBIT is $1.3B making its interest coverage ratio 7.5. It has cash and short-term investments of $5.3B.
Debt to equity ratio
|Interest coverage ratio||7.5x|
Recent financial health updates
QBE Insurance Group (ASX:QBE) Is Paying Out A Larger Dividend Than Last YearAug 14
How Much Did QBE Insurance Group's(ASX:QBE) Shareholders Earn From Share Price Movements Over The Last Year?Feb 03
Is QBE Insurance Group Limited (ASX:QBE) A Risky Dividend Stock?Dec 11
QBE Insurance Group (ASX:QBE) Share Prices Have Dropped 34% In The Last Five YearsJul 21
QBE Insurance Group Limited's (ASX:QBE) Dismal Stock Performance Reflects Weak FundamentalsJun 30
Financial Position Analysis
Short Term Liabilities: QBE's short term assets ($18.8B) do not cover its short term liabilities ($23.3B).
Long Term Liabilities: QBE's short term assets ($18.8B) exceed its long term liabilities ($17.2B).
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 40.6% to 30.5% over the past 5 years.
Debt Coverage: QBE's debt is well covered by operating cash flow (101.7%).
Interest Coverage: QBE's interest payments on its debt are well covered by EBIT (7.5x coverage).