Manulife Financial Balance Sheet Health
Financial Health criteria checks 5/6
Manulife Financial has a total shareholder equity of CA$51.6B and total debt of CA$21.9B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are CA$952.6B and CA$901.0B respectively. Manulife Financial's EBIT is CA$8.9B making its interest coverage ratio 5.4. It has cash and short-term investments of CA$28.8B.
Key information
42.5%
Debt to equity ratio
CA$21.94b
Debt
| Interest coverage ratio | 5.4x |
| Cash | CA$28.80b |
| Equity | CA$51.64b |
| Total liabilities | CA$900.99b |
| Total assets | CA$952.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFC.PRJ's short term assets (CA$94.3B) exceed its short term liabilities (CA$2.8B).
Long Term Liabilities: MFC.PRJ's short term assets (CA$94.3B) do not cover its long term liabilities (CA$898.2B).
Debt to Equity History and Analysis
Debt Level: MFC.PRJ has more cash than its total debt.
Reducing Debt: MFC.PRJ's debt to equity ratio has reduced from 46.4% to 42.5% over the past 5 years.
Debt Coverage: MFC.PRJ's debt is well covered by operating cash flow (116.4%).
Interest Coverage: MFC.PRJ's interest payments on its debt are well covered by EBIT (5.4x coverage).