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
Financial 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).