IGM Financial Balance Sheet Health

Financial Health criteria checks 6/6

IGM Financial has a total shareholder equity of CA$7.6B and total debt of CA$2.4B, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CA$19.1B and CA$11.5B respectively. IGM Financial's EBIT is CA$1.4B making its interest coverage ratio 5.2. It has cash and short-term investments of CA$788.2M.

Key information

31.7%

Debt to equity ratio

CA$2.40b

Debt

Interest coverage ratio5.2x
CashCA$788.15m
EquityCA$7.58b
Total liabilitiesCA$11.55b
Total assetsCA$19.13b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: C7G's short term assets (CA$9.2B) exceed its short term liabilities (CA$4.3B).

Long Term Liabilities: C7G's short term assets (CA$9.2B) exceed its long term liabilities (CA$7.3B).


Debt to Equity History and Analysis

Debt Level: C7G's net debt to equity ratio (21.3%) is considered satisfactory.

Reducing Debt: C7G's debt to equity ratio has reduced from 47.4% to 31.7% over the past 5 years.

Debt Coverage: C7G's debt is well covered by operating cash flow (42.6%).

Interest Coverage: C7G's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


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