Legal & General Group Balance Sheet Health
Financial Health criteria checks 2/6
Legal & General Group has a total shareholder equity of £3.9B and total debt of £28.3B, which brings its debt-to-equity ratio to 722.6%. Its total assets and total liabilities are £526.5B and £522.6B respectively. Legal & General Group's EBIT is £1.5B making its interest coverage ratio 4.1. It has cash and short-term investments of £15.8B.
Key information
722.6%
Debt to equity ratio
UK£28.28b
Debt
| Interest coverage ratio | 4.1x |
| Cash | UK£15.81b |
| Equity | UK£3.91b |
| Total liabilities | UK£522.61b |
| Total assets | UK£526.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGI's short term assets (£81.1B) exceed its short term liabilities (£72.4B).
Long Term Liabilities: LGI's short term assets (£81.1B) do not cover its long term liabilities (£450.2B).
Debt to Equity History and Analysis
Debt Level: LGI's net debt to equity ratio (318.8%) is considered high.
Reducing Debt: LGI's debt to equity ratio has increased from 584.1% to 722.6% over the past 5 years.
Debt Coverage: LGI's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: LGI's interest payments on its debt are well covered by EBIT (4.1x coverage).