E-L Financial Balance Sheet Health
Financial Health criteria checks 4/6
E-L Financial has a total shareholder equity of CA$8.3B and total debt of CA$733.4M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are CA$25.8B and CA$17.5B respectively. E-L Financial's EBIT is CA$1.5B making its interest coverage ratio 7.2. It has cash and short-term investments of CA$445.8M.
Key information
8.9%
Debt to equity ratio
CA$733.37m
Debt
| Interest coverage ratio | 7.2x |
| Cash | CA$445.82m |
| Equity | CA$8.26b |
| Total liabilities | CA$17.50b |
| Total assets | CA$25.76b |
Recent financial health updates
No updates
Recent updates
E-L Financial (TSE:ELF) Has Re-Affirmed Its Dividend Of CA$2.50
May 27
E-L Financial (TSE:ELF) Has Affirmed Its Dividend Of CA$2.50
May 13Does E-L Financial (TSE:ELF) Deserve A Spot On Your Watchlist?
Apr 06How Much Of E-L Financial Corporation Limited (TSE:ELF) Do Institutions Own?
Mar 14Introducing E-L Financial (TSE:ELF), A Stock That Climbed 25% In The Last Five Years
Feb 06Have Insiders Been Buying E-L Financial Corporation Limited (TSE:ELF) Shares?
Jan 08How Many E-L Financial Corporation Limited (TSE:ELF) Shares Do Institutions Own?
Dec 13Financial Position Analysis
Short Term Liabilities: ELF's short term assets (CA$794.9M) exceed its short term liabilities (CA$373.9M).
Long Term Liabilities: ELF's short term assets (CA$794.9M) do not cover its long term liabilities (CA$17.1B).
Debt to Equity History and Analysis
Debt Level: ELF's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: ELF's debt to equity ratio has increased from 7.5% to 8.9% over the past 5 years.
Debt Coverage: ELF's debt is well covered by operating cash flow (100.4%).
Interest Coverage: ELF's interest payments on its debt are well covered by EBIT (7.2x coverage).