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 ₪8.6B and total debt of ₪6.8B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are ₪204.9B and ₪196.3B respectively. Migdal Insurance and Financial Holdings's EBIT is ₪1.0B making its interest coverage ratio 4.5. It has cash and short-term investments of ₪63.6B.
Key information
78.6%
Debt to equity ratio
₪6.76b
Debt
| Interest coverage ratio | 4.5x |
| Cash | ₪63.59b |
| Equity | ₪8.60b |
| Total liabilities | ₪196.26b |
| Total assets | ₪204.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MGDL's short term assets (₪67.3B) exceed its short term liabilities (₪2.7B).
Long Term Liabilities: MGDL's short term assets (₪67.3B) do not cover its long term liabilities (₪193.6B).
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 86.7% to 78.6% over the past 5 years.
Debt Coverage: MGDL's debt is well covered by operating cash flow (36.1%).
Interest Coverage: MGDL's interest payments on its debt are well covered by EBIT (4.5x coverage).