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 ratio | 5.2x |
Cash | CA$788.15m |
Equity | CA$7.58b |
Total liabilities | CA$11.55b |
Total assets | CA$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).