Assurant Balance Sheet Health
Financial Health criteria checks 5/6
Assurant has a total shareholder equity of $4.8B and total debt of $2.1B, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are $33.6B and $28.8B respectively. Assurant's EBIT is $949.0M making its interest coverage ratio 8.8. It has cash and short-term investments of $1.9B.
Key information
43.3%
Debt to equity ratio
US$2.08b
Debt
Interest coverage ratio | 8.8x |
Cash | US$1.89b |
Equity | US$4.81b |
Total liabilities | US$28.83b |
Total assets | US$33.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZAS's short term assets ($10.9B) do not cover its short term liabilities ($26.1B).
Long Term Liabilities: ZAS's short term assets ($10.9B) exceed its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: ZAS's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: ZAS's debt to equity ratio has reduced from 64.7% to 43.3% over the past 5 years.
Debt Coverage: ZAS's debt is well covered by operating cash flow (54.7%).
Interest Coverage: ZAS's interest payments on its debt are well covered by EBIT (8.8x coverage).