Legal & General Group Balance Sheet Health
Financial Health criteria checks 4/6
Legal & General Group has a total shareholder equity of £4.8B and total debt of £65.5B, which brings its debt-to-equity ratio to 1368.9%. Its total assets and total liabilities are £522.1B and £517.3B respectively. Legal & General Group's EBIT is £1.5B making its interest coverage ratio 4.2. It has cash and short-term investments of £481.8B.
Key information
1,368.9%
Debt to equity ratio
UK£65.49b
Debt
| Interest coverage ratio | 4.2x |
| Cash | UK£481.83b |
| Equity | UK£4.78b |
| Total liabilities | UK£517.31b |
| Total assets | UK£522.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGEN N's short term assets (£499.0B) exceed its short term liabilities (£106.1B).
Long Term Liabilities: LGEN N's short term assets (£499.0B) exceed its long term liabilities (£411.3B).
Debt to Equity History and Analysis
Debt Level: LGEN N has more cash than its total debt.
Reducing Debt: LGEN N's debt to equity ratio has increased from 563.1% to 1368.9% over the past 5 years.
Debt Coverage: LGEN N's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LGEN N's interest payments on its debt are well covered by EBIT (4.2x coverage).