IGI Life Insurance Balance Sheet Health
Financial Health criteria checks 5/6
IGI Life Insurance has a total shareholder equity of PKR1.9B and total debt of PKR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are PKR26.7B and PKR24.7B respectively. IGI Life Insurance's EBIT is PKR214.2M making its interest coverage ratio 19.7. It has cash and short-term investments of PKR342.5M.
Key information
0%
Debt to equity ratio
PK₨0
Debt
| Interest coverage ratio | 19.7x |
| Cash | PK₨342.47m |
| Equity | PK₨1.95b |
| Total liabilities | PK₨24.74b |
| Total assets | PK₨26.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGIL's short term assets (PKR1.9B) exceed its short term liabilities (PKR1.4B).
Long Term Liabilities: IGIL's short term assets (PKR1.9B) do not cover its long term liabilities (PKR23.3B).
Debt to Equity History and Analysis
Debt Level: IGIL is debt free.
Reducing Debt: IGIL has not had any debt for past 5 years.
Debt Coverage: IGIL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IGIL has no debt, therefore coverage of interest payments is not a concern.