Definity Financial Balance Sheet Health
Financial Health criteria checks 4/6
Definity Financial has a total shareholder equity of CA$3.5B and total debt of CA$224.4M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are CA$7.7B and CA$4.2B respectively. Definity Financial's EBIT is CA$590.0M making its interest coverage ratio 61.5. It has cash and short-term investments of CA$419.5M.
Key information
6.4%
Debt to equity ratio
CA$224.40m
Debt
| Interest coverage ratio | 61.5x |
| Cash | CA$419.50m |
| Equity | CA$3.51b |
| Total liabilities | CA$4.19b |
| Total assets | CA$7.69b |
Recent financial health updates
No updates
Recent updates
Definity Financial Corporation's (TSE:DFY) Shares May Have Run Too Fast Too Soon
Apr 15
Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.1875
Feb 18Insufficient Growth At Definity Financial Corporation (TSE:DFY) Hampers Share Price
Jan 12
Shrinking Profit Margins And Overvaluation Risks Threaten Canadian Insurer's Earnings Outlook
Dec 10 Strong revenue growth anticipated due to firm insurance market conditions and increased premiums; however, stock overvaluation could arise from regulatory constraints and cost pressures.Here's Why We Think Definity Financial (TSE:DFY) Is Well Worth Watching
Jul 23Earnings Not Telling The Story For Definity Financial Corporation (TSE:DFY)
Jun 03Financial Position Analysis
Short Term Liabilities: DFY's short term assets (CA$909.1M) do not cover its short term liabilities (CA$3.5B).
Long Term Liabilities: DFY's short term assets (CA$909.1M) exceed its long term liabilities (CA$716.2M).
Debt to Equity History and Analysis
Debt Level: DFY has more cash than its total debt.
Reducing Debt: DFY's debt to equity ratio has increased from 0% to 6.4% over the past 5 years.
Debt Coverage: DFY's debt is well covered by operating cash flow (136.9%).
Interest Coverage: DFY's interest payments on its debt are well covered by EBIT (61.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/23 05:13 |
| End of Day Share Price | 2025/04/23 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Definity Financial Corporation is covered by 14 analysts. 8 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 |
| Paul Holden | CIBC Capital Markets |