IGI Life Insurance Balance Sheet Health
Financial Health criteria checks 5/6
IGI Life Insurance has a total shareholder equity of PKR2.2B and total debt of PKR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are PKR35.6B and PKR33.4B respectively. IGI Life Insurance's EBIT is PKR333.5M making its interest coverage ratio 40.7. It has cash and short-term investments of PKR862.8M.
Key information
0%
Debt to equity ratio
PK₨0
Debt
| Interest coverage ratio | 40.7x |
| Cash | PK₨862.81m |
| Equity | PK₨2.17b |
| Total liabilities | PK₨33.40b |
| Total assets | PK₨35.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGIL's short term assets (PKR2.5B) exceed its short term liabilities (PKR1.5B).
Long Term Liabilities: IGIL's short term assets (PKR2.5B) do not cover its long term liabilities (PKR31.9B).
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.