QBE Insurance Group Balance Sheet Health
Financial Health criteria checks 5/6
QBE Insurance Group has a total shareholder equity of $10.0B and total debt of $2.8B, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are $42.1B and $32.2B respectively. QBE Insurance Group's EBIT is $2.1B making its interest coverage ratio 12.4. It has cash and short-term investments of $6.8B.
Key information
28.1%
Debt to equity ratio
US$2.80b
Debt
Interest coverage ratio | 12.4x |
Cash | US$6.78b |
Equity | US$9.95b |
Total liabilities | US$32.16b |
Total assets | US$42.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QBE's short term assets ($16.9B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: QBE's short term assets ($16.9B) do not cover its long term liabilities ($30.5B).
Debt to Equity History and Analysis
Debt Level: QBE has more cash than its total debt.
Reducing Debt: QBE's debt to equity ratio has reduced from 38% to 28.1% over the past 5 years.
Debt Coverage: QBE's debt is well covered by operating cash flow (53.7%).
Interest Coverage: QBE's interest payments on its debt are well covered by EBIT (12.4x coverage).