Manulife Financial Balance Sheet Health
Financial Health criteria checks 4/6
Manulife Financial has a total shareholder equity of CA$50.8B and total debt of CA$25.2B, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are CA$915.3B and CA$864.5B respectively. Manulife Financial's EBIT is CA$7.7B making its interest coverage ratio 4.6. It has cash and short-term investments of CA$27.7B.
Key information
49.6%
Debt to equity ratio
CA$25.18b
Debt
| Interest coverage ratio | 4.6x |
| Cash | CA$27.70b |
| Equity | CA$50.76b |
| Total liabilities | CA$864.52b |
| Total assets | CA$915.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFC.PRF's short term assets (CA$91.4B) exceed its short term liabilities (CA$2.5B).
Long Term Liabilities: MFC.PRF's short term assets (CA$91.4B) do not cover its long term liabilities (CA$862.0B).
Debt to Equity History and Analysis
Debt Level: MFC.PRF has more cash than its total debt.
Reducing Debt: MFC.PRF's debt to equity ratio has increased from 42.1% to 49.6% over the past 5 years.
Debt Coverage: MFC.PRF's debt is well covered by operating cash flow (93.4%).
Interest Coverage: MFC.PRF's interest payments on its debt are well covered by EBIT (4.6x coverage).