ageas Balance Sheet Health
Financial Health criteria checks 3/6
ageas has a total shareholder equity of €8.5B and total debt of €6.1B, which brings its debt-to-equity ratio to 71.5%. Its total assets and total liabilities are €96.8B and €88.2B respectively. ageas's EBIT is €971.0M making its interest coverage ratio 3.9. It has cash and short-term investments of €23.7B.
Key information
71.5%
Debt to equity ratio
€6.11b
Debt
| Interest coverage ratio | 3.9x |
| Cash | €23.68b |
| Equity | €8.54b |
| Total liabilities | €88.25b |
| Total assets | €96.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FO4's short term assets (€26.8B) exceed its short term liabilities (€5.2B).
Long Term Liabilities: FO4's short term assets (€26.8B) do not cover its long term liabilities (€83.1B).
Debt to Equity History and Analysis
Debt Level: FO4 has more cash than its total debt.
Reducing Debt: FO4's debt to equity ratio has increased from 35.9% to 71.5% over the past 5 years.
Debt Coverage: FO4's debt is not well covered by operating cash flow (12%).
Interest Coverage: FO4's interest payments on its debt are well covered by EBIT (3.9x coverage).