CIC Insurance Group Balance Sheet Health
Financial Health criteria checks 4/6
CIC Insurance Group has a total shareholder equity of KES8.8B and total debt of KES4.8B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are KES50.6B and KES41.8B respectively. CIC Insurance Group's EBIT is KES2.6B making its interest coverage ratio 5.6. It has cash and short-term investments of KES491.1M.
Key information
54.8%
Debt to equity ratio
KSh4.80b
Debt
Interest coverage ratio | 5.6x |
Cash | KSh491.07m |
Equity | KSh8.76b |
Total liabilities | KSh41.81b |
Total assets | KSh50.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIC's short term assets (KES6.0B) exceed its short term liabilities (KES205.2M).
Long Term Liabilities: CIC's short term assets (KES6.0B) do not cover its long term liabilities (KES41.6B).
Debt to Equity History and Analysis
Debt Level: CIC's net debt to equity ratio (49.2%) is considered high.
Reducing Debt: CIC's debt to equity ratio has reduced from 68.3% to 54.8% over the past 5 years.
Debt Coverage: CIC's debt is well covered by operating cash flow (108.5%).
Interest Coverage: CIC's interest payments on its debt are well covered by EBIT (5.6x coverage).