IGM Financial Balance Sheet Health
Financial Health criteria checks 5/6
IGM Financial has a total shareholder equity of CA$6.9B and total debt of CA$2.4B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are CA$18.4B and CA$11.5B respectively. IGM Financial's EBIT is CA$1.3B making its interest coverage ratio 4.7. It has cash and short-term investments of CA$500.1M.
Key information
34.6%
Debt to equity ratio
CA$2.40b
Debt
Interest coverage ratio | 4.7x |
Cash | CA$500.13m |
Equity | CA$6.95b |
Total liabilities | CA$11.49b |
Total assets | CA$18.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGIF.F's short term assets (CA$9.1B) exceed its short term liabilities (CA$374.5M).
Long Term Liabilities: IGIF.F's short term assets (CA$9.1B) do not cover its long term liabilities (CA$11.1B).
Debt to Equity History and Analysis
Debt Level: IGIF.F's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: IGIF.F's debt to equity ratio has reduced from 46.3% to 34.6% over the past 5 years.
Debt Coverage: IGIF.F's debt is well covered by operating cash flow (35.7%).
Interest Coverage: IGIF.F's interest payments on its debt are well covered by EBIT (4.7x coverage).