Voya Financial Balance Sheet Health
Financial Health criteria checks 4/6
Voya Financial has a total shareholder equity of $5.9B and total debt of $3.6B, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are $161.3B and $155.4B respectively. Voya Financial's EBIT is $1.3B making its interest coverage ratio 4.1. It has cash and short-term investments of $1.4B.
Key information
61.8%
Debt to equity ratio
US$3.63b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$1.43b |
| Equity | US$5.87b |
| Total liabilities | US$155.41b |
| Total assets | US$161.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VOYA.PRB's short term assets ($14.9B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: VOYA.PRB's short term assets ($14.9B) do not cover its long term liabilities ($153.8B).
Debt to Equity History and Analysis
Debt Level: VOYA.PRB's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: VOYA.PRB's debt to equity ratio has increased from 51.3% to 61.8% over the past 5 years.
Debt Coverage: VOYA.PRB's debt is well covered by operating cash flow (36.2%).
Interest Coverage: VOYA.PRB's interest payments on its debt are well covered by EBIT (4.1x coverage).