Migdal Insurance and Financial Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Migdal Insurance and Financial Holdings has a total shareholder equity of ₪8.8B and total debt of ₪6.7B, which brings its debt-to-equity ratio to 76.1%. Its total assets and total liabilities are ₪208.7B and ₪199.9B respectively. Migdal Insurance and Financial Holdings's EBIT is ₪2.0B making its interest coverage ratio 8.8. It has cash and short-term investments of ₪153.6B.
Key information
76.1%
Debt to equity ratio
₪6.69b
Debt
| Interest coverage ratio | 8.8x |
| Cash | ₪153.62b |
| Equity | ₪8.79b |
| Total liabilities | ₪199.94b |
| Total assets | ₪208.72b |
Recent financial health updates
No updates
Recent updates
Migdal Insurance and Financial Holdings Ltd. (TLV:MGDL) Surges 26% Yet Its Low P/E Is No Reason For Excitement
Oct 21
Migdal Insurance and Financial Holdings Ltd. (TLV:MGDL) Might Not Be As Mispriced As It Looks
May 14Market Cool On Migdal Insurance and Financial Holdings Ltd.'s (TLV:MGDL) Earnings
Jan 17Market Cool On Migdal Insurance and Financial Holdings Ltd.'s (TLV:MGDL) Earnings
Apr 15Should You Buy Migdal Insurance and Financial Holdings Ltd. (TLV:MGDL) For Its Dividend?
Jan 05Financial Position Analysis
Short Term Liabilities: MGDL's short term assets (₪158.2B) exceed its short term liabilities (₪2.0B).
Long Term Liabilities: MGDL's short term assets (₪158.2B) do not cover its long term liabilities (₪197.9B).
Debt to Equity History and Analysis
Debt Level: MGDL has more cash than its total debt.
Reducing Debt: MGDL's debt to equity ratio has reduced from 77.1% to 76.1% over the past 5 years.
Debt Coverage: MGDL's debt is well covered by operating cash flow (30.8%).
Interest Coverage: MGDL's interest payments on its debt are well covered by EBIT (8.8x coverage).