ageas Balance Sheet Health
Financial Health criteria checks 3/6
ageas has a total shareholder equity of €8.5B and total debt of €6.1B, which brings its debt-to-equity ratio to 71.9%. Its total assets and total liabilities are €96.7B and €88.2B respectively. ageas's EBIT is €1.0B making its interest coverage ratio 4.4. It has cash and short-term investments of €4.2B.
Key information
71.9%
Debt to equity ratio
€6.11b
Debt
Interest coverage ratio | 4.4x |
Cash | €4.19b |
Equity | €8.50b |
Total liabilities | €88.19b |
Total assets | €96.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FO4's short term assets (€7.2B) exceed its short term liabilities (€4.1B).
Long Term Liabilities: FO4's short term assets (€7.2B) do not cover its long term liabilities (€84.0B).
Debt to Equity History and Analysis
Debt Level: FO4's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: FO4's debt to equity ratio has increased from 39% to 71.9% over the past 5 years.
Debt Coverage: FO4's debt is not well covered by operating cash flow (2%).
Interest Coverage: FO4's interest payments on its debt are well covered by EBIT (4.4x coverage).