CI Financial Balance Sheet Health
Financial Health criteria checks 1/6
CI Financial has a total shareholder equity of CA$2.5B and total debt of CA$3.5B, which brings its debt-to-equity ratio to 139.1%. Its total assets and total liabilities are CA$10.0B and CA$7.5B respectively. CI Financial's EBIT is CA$720.5M making its interest coverage ratio 4.1. It has cash and short-term investments of CA$179.8M.
Key information
139.1%
Debt to equity ratio
CA$3.51b
Debt
| Interest coverage ratio | 4.1x |
| Cash | CA$179.81m |
| Equity | CA$2.52b |
| Total liabilities | CA$7.46b |
| Total assets | CA$9.98b |
Recent financial health updates
Recent updates
CI Financial's (TSE:CIX) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 10
CI Financial (TSE:CIX) Will Pay A Larger Dividend Than Last Year At CA$0.20
Sep 30CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18
Jul 28CI Financial's (TSE:CIX) Dividend Will Be CA$0.18
Jul 14CI Financial (TSE:CIX) Has Affirmed Its Dividend Of CA$0.18
Jun 23CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18
May 12CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18
Apr 01CI Financial (TSE:CIX) Will Pay A Dividend Of CA$0.18
Jan 24CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18
Dec 30CI Financial's (TSE:CIX) Dividend Will Be CA$0.18
Nov 26CI Financial Corp. Just Missed EPS By 89%: Here's What Analysts Think Will Happen Next
Nov 13CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18
Nov 12CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18
Oct 13CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18
Sep 16The CI Financial Corp. (TSE:CIX) Analysts Have Been Trimming Their Sales Forecasts
Aug 17CI Financial (TSE:CIX) Has Announced A Dividend Of CA$0.18
Aug 13CI Financial (TSE:CIX) Is Due To Pay A Dividend Of CA$0.18
Jul 15CI Financial (TSE:CIX) Has Announced A Dividend Of CA$0.18
Jul 01CI Financial (TSE:CIX) Will Pay A Dividend Of CA$0.18
Jun 17Financial Position Analysis
Short Term Liabilities: CIX's short term assets (CA$1.7B) do not cover its short term liabilities (CA$3.5B).
Long Term Liabilities: CIX's short term assets (CA$1.7B) do not cover its long term liabilities (CA$3.9B).
Debt to Equity History and Analysis
Debt Level: CIX's net debt to equity ratio (132%) is considered high.
Reducing Debt: CIX's debt to equity ratio has increased from 104.9% to 139.1% over the past 5 years.
Debt Coverage: CIX's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: CIX's interest payments on its debt are well covered by EBIT (4.1x coverage).