Definity Financial Balance Sheet Health
Financial Health criteria checks 4/6
Definity Financial has a total shareholder equity of CA$3.3B and total debt of CA$114.3M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CA$7.5B and CA$4.3B respectively. Definity Financial's EBIT is CA$746.4M making its interest coverage ratio 80.3. It has cash and short-term investments of CA$365.4M.
Key information
3.5%
Debt to equity ratio
CA$114.30m
Debt
| Interest coverage ratio | 80.3x |
| Cash | CA$365.40m |
| Equity | CA$3.26b |
| Total liabilities | CA$4.27b |
| Total assets | CA$7.53b |
Recent financial health updates
No updates
Recent updates
Here's Why We Think Definity Financial (TSE:DFY) Is Well Worth Watching
Jul 23
Earnings Not Telling The Story For Definity Financial Corporation (TSE:DFY)
Jun 03Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16
Mar 10Is 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$92.6M).
Long Term Liabilities: DFY's short term assets (CA$1.0B) do not cover its long term liabilities (CA$4.2B).
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 (274%).
Interest Coverage: DFY's interest payments on its debt are well covered by EBIT (80.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 08:18 |
| End of Day Share Price | 2024/12/19 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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
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Analyst Sources
Definity Financial Corporation is covered by 13 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 |