iA Financial Balance Sheet Health
Financial Health criteria checks 4/6
iA Financial has a total shareholder equity of CA$7.0B and total debt of CA$2.3B, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are CA$93.8B and CA$86.8B respectively. iA Financial's EBIT is CA$1.1B making its interest coverage ratio 18.4. It has cash and short-term investments of CA$2.1B.
Key information
33.0%
Debt to equity ratio
CA$2.33b
Debt
Interest coverage ratio | 18.4x |
Cash | CA$2.11b |
Equity | CA$7.04b |
Total liabilities | CA$86.81b |
Total assets | CA$93.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1OD's short term assets (CA$8.6B) do not cover its short term liabilities (CA$10.5B).
Long Term Liabilities: 1OD's short term assets (CA$8.6B) do not cover its long term liabilities (CA$76.3B).
Debt to Equity History and Analysis
Debt Level: 1OD's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: 1OD's debt to equity ratio has reduced from 38.4% to 33% over the past 5 years.
Debt Coverage: 1OD's debt is well covered by operating cash flow (57.7%).
Interest Coverage: 1OD's interest payments on its debt are well covered by EBIT (18.4x coverage).