Canadian Life Companies Split Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Life Companies Split has a total shareholder equity of CA$50.4M and total debt of CA$116.2M, which brings its debt-to-equity ratio to 230.9%. Its total assets and total liabilities are CA$167.9M and CA$117.5M respectively. Canadian Life Companies Split's EBIT is CA$21.4M making its interest coverage ratio 2.2. It has cash and short-term investments of CA$166.2M.
Key information
230.9%
Debt to equity ratio
CA$116.24m
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$166.17m |
| Equity | CA$50.35m |
| Total liabilities | CA$117.52m |
| Total assets | CA$167.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LFE's short term assets (CA$167.9M) exceed its short term liabilities (CA$117.5M).
Long Term Liabilities: LFE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LFE has more cash than its total debt.
Reducing Debt: LFE's debt to equity ratio has reduced from 292.7% to 230.9% over the past 5 years.
Debt Coverage: LFE's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: LFE's interest payments on its debt are not well covered by EBIT (2.2x coverage).