IGM Financial Balance Sheet Health
Financial Health criteria checks 6/6
IGM Financial has a total shareholder equity of CA$7.1B and total debt of CA$2.4B, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are CA$18.7B and CA$11.5B respectively. IGM Financial's EBIT is CA$1.4B making its interest coverage ratio 5. It has cash and short-term investments of CA$616.4M.
Key information
33.7%
Debt to equity ratio
CA$2.40b
Debt
| Interest coverage ratio | 5x |
| Cash | CA$616.37m |
| Equity | CA$7.13b |
| Total liabilities | CA$11.54b |
| Total assets | CA$18.67b |
Recent financial health updates
No updates
Recent updates
IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625
Jun 19
IGM 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 19IGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.5625
Dec 14IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.5625
Nov 30IGM Financial (TSE:IGM) Is Due To Pay A Dividend Of CA$0.5625
Nov 06IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625
Aug 28IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.5625
Jun 21IGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.5625
Nov 17IGM Financial (TSE:IGM) Is Paying Out A Dividend Of CA$0.5625
Aug 26IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.56
May 31IGM Financial (TSE:IGM) Is Due To Pay A Dividend Of CA$0.56
May 12Should You Be Adding IGM Financial (TSE:IGM) To Your Watchlist Today?
Apr 17IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.56
Mar 03IGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.56
Feb 15IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.56
Dec 14IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.56
Nov 09Is Now The Time To Put IGM Financial (TSE:IGM) On Your Watchlist?
Oct 28IGM Financial (TSE:IGM) Is Due To Pay A Dividend Of CA$0.56
Aug 10Here's Why I Think IGM Financial (TSE:IGM) Is An Interesting Stock
Jul 29IGM Financial Inc. (TSE:IGM) Is Yielding 5.2% - But Is It A Buy?
Apr 30Did IGM Financial's (TSE:IGM) Share Price Deserve to Gain 33%?
Mar 16Is IGM Financial Inc. (TSE:IGM) A Smart Pick For Income Investors?
Jan 27
Would Shareholders Who Purchased IGM Financial's (TSE:IGM) Stock Three Years Be Happy With The Share price Today?
Dec 16Financial Position Analysis
Short Term Liabilities: IGM's short term assets (CA$9.2B) exceed its short term liabilities (CA$4.4B).
Long Term Liabilities: IGM's short term assets (CA$9.2B) exceed its long term liabilities (CA$7.2B).
Debt to Equity History and Analysis
Debt Level: IGM's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: IGM's debt to equity ratio has reduced from 47.8% to 33.7% over the past 5 years.
Debt Coverage: IGM's debt is well covered by operating cash flow (38%).
Interest Coverage: IGM's interest payments on its debt are well covered by EBIT (5x coverage).