CIC Insurance Group Balance Sheet Health
Financial Health criteria checks 4/6
CIC Insurance Group has a total shareholder equity of KES7.6B and total debt of KES5.1B, which brings its debt-to-equity ratio to 66.8%. Its total assets and total liabilities are KES50.3B and KES42.7B respectively. CIC Insurance Group's EBIT is KES2.8B making its interest coverage ratio 5.5. It has cash and short-term investments of KES6.9B.
Key information
66.8%
Debt to equity ratio
KSh5.08b
Debt
| Interest coverage ratio | 5.5x |
| Cash | KSh6.88b |
| Equity | KSh7.61b |
| Total liabilities | KSh42.69b |
| Total assets | KSh50.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIC's short term assets (KES11.7B) exceed its short term liabilities (KES7.5B).
Long Term Liabilities: CIC's short term assets (KES11.7B) do not cover its long term liabilities (KES35.2B).
Debt to Equity History and Analysis
Debt Level: CIC has more cash than its total debt.
Reducing Debt: CIC's debt to equity ratio has increased from 66.3% to 66.8% over the past 5 years.
Debt Coverage: CIC's debt is well covered by operating cash flow (112.2%).
Interest Coverage: CIC's interest payments on its debt are well covered by EBIT (5.5x coverage).