Aflac Balance Sheet Health
Financial Health criteria checks 4/6
Aflac has a total shareholder equity of $24.8B and total debt of $12.3B, which brings its debt-to-equity ratio to 49.7%. Its total assets and total liabilities are $128.4B and $103.6B respectively. Aflac's EBIT is $4.8B making its interest coverage ratio 24.6. It has cash and short-term investments of $9.2B.
Key information
49.7%
Debt to equity ratio
US$12.34b
Debt
| Interest coverage ratio | 24.6x |
| Cash | US$9.16b |
| Equity | US$24.83b |
| Total liabilities | US$103.61b |
| Total assets | US$128.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFL's short term assets ($11.0B) exceed its short term liabilities ($7.5B).
Long Term Liabilities: AFL's short term assets ($11.0B) do not cover its long term liabilities ($96.1B).
Debt to Equity History and Analysis
Debt Level: AFL's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: AFL's debt to equity ratio has increased from 28.1% to 49.7% over the past 5 years.
Debt Coverage: AFL's debt is well covered by operating cash flow (24%).
Interest Coverage: AFL's interest payments on its debt are well covered by EBIT (24.6x coverage).