Allstate Balance Sheet Health
Financial Health criteria checks 4/6
Allstate has a total shareholder equity of $18.6B and total debt of $8.1B, which brings its debt-to-equity ratio to 43.5%. Its total assets and total liabilities are $108.4B and $89.8B respectively. Allstate's EBIT is $4.2B making its interest coverage ratio 10.8. It has cash and short-term investments of $5.9B.
Key information
43.5%
Debt to equity ratio
US$8.08b
Debt
| Interest coverage ratio | 10.8x |
| Cash | US$5.89b |
| Equity | US$18.57b |
| Total liabilities | US$89.80b |
| Total assets | US$108.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A1TT34's short term assets ($26.1B) do not cover its short term liabilities ($69.1B).
Long Term Liabilities: A1TT34's short term assets ($26.1B) exceed its long term liabilities ($20.7B).
Debt to Equity History and Analysis
Debt Level: A1TT34's net debt to equity ratio (11.8%) is considered satisfactory.
Reducing Debt: A1TT34's debt to equity ratio has increased from 27.1% to 43.5% over the past 5 years.
Debt Coverage: A1TT34's debt is well covered by operating cash flow (80.2%).
Interest Coverage: A1TT34's interest payments on its debt are well covered by EBIT (10.8x coverage).