Assurant Balance Sheet Health
Financial Health criteria checks 5/6
Assurant has a total shareholder equity of $5.0B and total debt of $2.1B, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are $33.8B and $28.8B respectively. Assurant's EBIT is $1.1B making its interest coverage ratio 10.4. It has cash and short-term investments of $2.0B.
Key information
41.6%
Debt to equity ratio
US$2.08b
Debt
Interest coverage ratio | 10.4x |
Cash | US$1.97b |
Equity | US$5.00b |
Total liabilities | US$28.77b |
Total assets | US$33.77b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: AIZ *'s short term assets ($10.6B) do not cover its short term liabilities ($26.0B).
Long Term Liabilities: AIZ *'s short term assets ($10.6B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: AIZ *'s net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: AIZ *'s debt to equity ratio has reduced from 62.9% to 41.6% over the past 5 years.
Debt Coverage: AIZ *'s debt is well covered by operating cash flow (71.4%).
Interest Coverage: AIZ *'s interest payments on its debt are well covered by EBIT (10.4x coverage).