Definity Financial Balance Sheet Health
Financial Health criteria checks 4/6
Definity Financial has a total shareholder equity of CA$3.0B and total debt of CA$114.3M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are CA$7.3B and CA$4.3B respectively. Definity Financial's EBIT is CA$483.7M making its interest coverage ratio 91.3. It has cash and short-term investments of CA$334.5M.
Key information
3.8%
Debt to equity ratio
CA$114.30m
Debt
| Interest coverage ratio | 91.3x |
| Cash | CA$334.50m |
| Equity | CA$3.01b |
| Total liabilities | CA$4.25b |
| Total assets | CA$7.26b |
Recent financial health updates
No updates
Recent updates
Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16
Mar 10
Is Now The Time To Put Definity Financial (TSE:DFY) On Your Watchlist?
Feb 24Definity Financial Corporation's (TSE:DFY) Popularity With Investors Is Under Threat From Overpricing
Jan 20Do Definity Financial's (TSE:DFY) Earnings Warrant Your Attention?
May 24Financial Position Analysis
Short Term Liabilities: DFY's short term assets (CA$1.0B) exceed its short term liabilities (CA$216.8M).
Long Term Liabilities: DFY's short term assets (CA$1.0B) do not cover its long term liabilities (CA$4.0B).
Debt to Equity History and Analysis
Debt Level: DFY has more cash than its total debt.
Reducing Debt: Insufficient data to determine if DFY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DFY's debt is well covered by operating cash flow (307.8%).
Interest Coverage: DFY's interest payments on its debt are well covered by EBIT (91.3x coverage).