Voya Financial Balance Sheet Health
Financial Health criteria checks 4/6
Voya Financial has a total shareholder equity of $6.1B and total debt of $3.6B, which brings its debt-to-equity ratio to 59%. Its total assets and total liabilities are $157.1B and $151.0B respectively. Voya Financial's EBIT is $1.1B making its interest coverage ratio 3.8. It has cash and short-term investments of $1.4B.
Key information
59.0%
Debt to equity ratio
US$3.57b
Debt
Interest coverage ratio | 3.8x |
Cash | US$1.42b |
Equity | US$6.05b |
Total liabilities | US$151.03b |
Total assets | US$157.09b |
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 ($1.2B).
Long Term Liabilities: V0Y's short term assets ($15.4B) do not cover its long term liabilities ($149.9B).
Debt to Equity History and Analysis
Debt Level: V0Y's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: V0Y's debt to equity ratio has increased from 51.5% to 59% over the past 5 years.
Debt Coverage: V0Y's debt is well covered by operating cash flow (45.8%).
Interest Coverage: V0Y's interest payments on its debt are well covered by EBIT (3.8x coverage).