CIC Insurance Group Balance Sheet Health
Financial Health criteria checks 3/6
CIC Insurance Group has a total shareholder equity of KES11.0B and total debt of KES5.3B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are KES61.9B and KES50.9B respectively. CIC Insurance Group's EBIT is KES1.6B making its interest coverage ratio 2.8. It has cash and short-term investments of KES12.2B.
Key information
47.86%
Debt to equity ratio
KSh5.27b
Debt
| Interest coverage ratio | 2.8x |
| Cash | KSh12.20b |
| Equity | KSh11.01b |
| Total liabilities | KSh50.92b |
| Total assets | KSh61.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIC's short term assets (KES23.7B) exceed its short term liabilities (KES2.6B).
Long Term Liabilities: CIC's short term assets (KES23.7B) do not cover its long term liabilities (KES48.3B).
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 47.7% to 47.9% over the past 5 years.
Debt Coverage: CIC's debt is well covered by operating cash flow (77.2%).
Interest Coverage: CIC's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/18 00:23 |
| End of Day Share Price | 2025/07/18 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The CIC Insurance Group Plc is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Victor Koech | AIB-AXYS Africa Limited |