Great-West Lifeco Balance Sheet Health
Financial Health criteria checks 3/6
Great-West Lifeco has a total shareholder equity of CA$30.2B and total debt of CA$9.1B, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are CA$736.7B and CA$706.5B respectively. Great-West Lifeco's EBIT is CA$12.6B making its interest coverage ratio 1.5. It has cash and short-term investments of CA$7.7B.
Key information
30.0%
Debt to equity ratio
CA$9.06b
Debt
Interest coverage ratio | 1.5x |
Cash | CA$7.71b |
Equity | CA$30.24b |
Total liabilities | CA$706.48b |
Total assets | CA$736.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GWS's short term assets (CA$34.0B) exceed its short term liabilities (CA$5.3B).
Long Term Liabilities: GWS's short term assets (CA$34.0B) do not cover its long term liabilities (CA$701.2B).
Debt to Equity History and Analysis
Debt Level: GWS's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: GWS's debt to equity ratio has increased from 23.3% to 30% over the past 5 years.
Debt Coverage: GWS's debt is well covered by operating cash flow (56.4%).
Interest Coverage: GWS's interest payments on its debt are not well covered by EBIT (1.5x coverage).