IGM Financial Balance Sheet Health
Financial Health criteria checks 6/6
IGM Financial has a total shareholder equity of CA$7.6B and total debt of CA$2.4B, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CA$19.1B and CA$11.5B respectively. IGM Financial's EBIT is CA$1.4B making its interest coverage ratio 5.2. It has cash and short-term investments of CA$788.2M.
Key information
31.7%
Debt to equity ratio
CA$2.40b
Debt
| Interest coverage ratio | 5.2x |
| Cash | CA$788.15m |
| Equity | CA$7.58b |
| Total liabilities | CA$11.55b |
| Total assets | CA$19.13b |
Recent financial health updates
No updates
Recent updates
IGM Financial's (TSE:IGM) Dividend Will Be CA$0.5625
Dec 16
IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625
Jun 19IGM Financial's (TSE:IGM) Dividend Will Be CA$0.5625
May 14Most Shareholders Will Probably Agree With IGM Financial Inc.'s (TSE:IGM) CEO Compensation
Apr 27IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.5625
Mar 18IGM Financial (TSE:IGM) Is Paying Out A Dividend Of CA$0.5625
Feb 19Financial Position Analysis
Short Term Liabilities: IGM's short term assets (CA$9.2B) exceed its short term liabilities (CA$4.3B).
Long Term Liabilities: IGM's short term assets (CA$9.2B) exceed its long term liabilities (CA$7.3B).
Debt to Equity History and Analysis
Debt Level: IGM's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: IGM's debt to equity ratio has reduced from 47.4% to 31.7% over the past 5 years.
Debt Coverage: IGM's debt is well covered by operating cash flow (42.6%).
Interest Coverage: IGM's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:32 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| 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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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
IGM Financial Inc. is covered by 18 analysts. 5 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 |
|---|---|
| John Aiken | Barclays |
| Tom MacKinnon | BMO Capital Markets Equity Research |
| Samira Amini | BofA Global Research |