Voya Financial Balance Sheet Health
Financial Health criteria checks 4/6
Voya Financial has a total shareholder equity of $6.6B and total debt of $4.2B, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are $166.9B and $160.4B respectively. Voya Financial's EBIT is $1.2B making its interest coverage ratio 4. It has cash and short-term investments of $1.8B.
Key information
63.9%
Debt to equity ratio
US$4.21b
Debt
| Interest coverage ratio | 4x |
| Cash | US$1.76b |
| Equity | US$6.58b |
| Total liabilities | US$160.35b |
| Total assets | US$166.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: V0Y's short term assets ($15.4B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: V0Y's short term assets ($15.4B) do not cover its long term liabilities ($158.6B).
Debt to Equity History and Analysis
Debt Level: V0Y's net debt to equity ratio (37.2%) is considered satisfactory.
Reducing Debt: V0Y's debt to equity ratio has increased from 48.6% to 63.9% over the past 5 years.
Debt Coverage: V0Y's debt is well covered by operating cash flow (38.8%).
Interest Coverage: V0Y's interest payments on its debt are well covered by EBIT (4x coverage).