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
Legal & General Group (LON:LGEN) Has Announced A Dividend Of £0.06
Aug 16
Legal & General Group Plc (LON:LGEN) Not Lagging Market On Growth Or Pricing
Aug 01Legal & General Group Plc (LON:LGEN) Not Lagging Market On Growth Or Pricing
Apr 15Legal & General Group (LON:LGEN) Will Pay A Larger Dividend Than Last Year At £0.1463
Mar 20We Ran A Stock Scan For Earnings Growth And Legal & General Group (LON:LGEN) Passed With Ease
Aug 05Legal & General Group's (LON:LGEN) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 15Legal & General Group (LON:LGEN) Is Increasing Its Dividend To UK£0.052
Aug 07This Is Why Legal & General Group Plc's (LON:LGEN) CEO Compensation Looks Appropriate
May 14New Forecasts: Here's What Analysts Think The Future Holds For Legal & General Group Plc (LON:LGEN)
Apr 15Is Legal & General Group Plc (LON:LGEN) A Smart Pick For Income Investors?
Mar 27Here's What Legal & General Group Plc's (LON:LGEN) Shareholder Ownership Structure Looks Like
Mar 09Would Shareholders Who Purchased Legal & General Group's (LON:LGEN) Stock Year Be Happy With The Share price Today?
Feb 11How Many Legal & General Group Plc (LON:LGEN) Shares Did Insiders Buy, In The Last Year?
Dec 29Key Things To Consider Before Buying Legal & General Group Plc (LON:LGEN) For Its Dividend
Dec 14
Financial Position Analysis
Short Term Liabilities: LGEN's short term assets (£81.1B) exceed its short term liabilities (£72.4B).
Long Term Liabilities: LGEN's short term assets (£81.1B) do not cover its long term liabilities (£450.2B).
Debt to Equity History and Analysis
Debt Level: LGEN's net debt to equity ratio (318.8%) is considered high.
Reducing Debt: LGEN's debt to equity ratio has increased from 584.1% to 722.6% over the past 5 years.
Debt Coverage: LGEN's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: LGEN's interest payments on its debt are well covered by EBIT (4.1x coverage).