IGM Financial Balance Sheet Health
Financial Health criteria checks 6/6
IGM Financial has a total shareholder equity of CA$6.7B and total debt of CA$2.4B, which brings its debt-to-equity ratio to 35.7%. Its total assets and total liabilities are CA$18.7B and CA$11.9B respectively. IGM Financial's EBIT is CA$1.4B making its interest coverage ratio 5.3. It has cash and short-term investments of CA$686.9M.
Key information
35.7%
Debt to equity ratio
CA$2.40b
Debt
Interest coverage ratio | 5.3x |
Cash | CA$686.85m |
Equity | CA$6.72b |
Total liabilities | CA$11.94b |
Total assets | CA$18.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C7G's short term assets (CA$9.6B) exceed its short term liabilities (CA$4.9B).
Long Term Liabilities: C7G's short term assets (CA$9.6B) exceed its long term liabilities (CA$7.0B).
Debt to Equity History and Analysis
Debt Level: C7G's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: C7G's debt to equity ratio has reduced from 40.4% to 35.7% over the past 5 years.
Debt Coverage: C7G's debt is well covered by operating cash flow (34.9%).
Interest Coverage: C7G's interest payments on its debt are well covered by EBIT (5.3x coverage).