American Equity Investment Life Holding Balance Sheet Health
Financial Health criteria checks 5/6
American Equity Investment Life Holding has a total shareholder equity of $3.0B and total debt of $864.6M, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are $79.9B and $76.9B respectively. American Equity Investment Life Holding's EBIT is $324.7M making its interest coverage ratio 7.7. It has cash and short-term investments of $9.8B.
Key information
28.4%
Debt to equity ratio
US$864.55m
Debt
Interest coverage ratio | 7.7x |
Cash | US$9.77b |
Equity | US$3.05b |
Total liabilities | US$76.87b |
Total assets | US$79.92b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AEL.PRB's short term assets ($11.5B) exceed its short term liabilities ($6.6B).
Long Term Liabilities: AEL.PRB's short term assets ($11.5B) do not cover its long term liabilities ($70.3B).
Debt to Equity History and Analysis
Debt Level: AEL.PRB has more cash than its total debt.
Reducing Debt: AEL.PRB's debt to equity ratio has reduced from 35.3% to 28.4% over the past 5 years.
Debt Coverage: AEL.PRB's debt is well covered by operating cash flow (455.7%).
Interest Coverage: AEL.PRB's interest payments on its debt are well covered by EBIT (7.7x coverage).