iA Financial Balance Sheet Health
Financial Health criteria checks 3/6
iA Financial has a total shareholder equity of CA$7.1B and total debt of CA$3.2B, which brings its debt-to-equity ratio to 45.1%. Its total assets and total liabilities are CA$87.4B and CA$80.3B respectively. iA Financial's EBIT is CA$1.1B making its interest coverage ratio 16.3. It has cash and short-term investments of CA$2.0B.
Key information
45.1%
Debt to equity ratio
CA$3.22b
Debt
| Interest coverage ratio | 16.3x |
| Cash | CA$2.01b |
| Equity | CA$7.14b |
| Total liabilities | CA$80.29b |
| Total assets | CA$87.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IAG1 N's short term assets (CA$8.1B) do not cover its short term liabilities (CA$9.6B).
Long Term Liabilities: IAG1 N's short term assets (CA$8.1B) do not cover its long term liabilities (CA$70.7B).
Debt to Equity History and Analysis
Debt Level: IAG1 N's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: IAG1 N's debt to equity ratio has reduced from 52.7% to 45.1% over the past 5 years.
Debt Coverage: IAG1 N's debt is not well covered by operating cash flow (19%).
Interest Coverage: IAG1 N's interest payments on its debt are well covered by EBIT (16.3x coverage).