This company has been acquired
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
28.37%
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
American Equity Investment: Still Worth Holding Given Brookfield Reinsurance's Acquisition
Dec 07American Equity Investment Life stock dives after Prosperity withdraws takeover proposal
Feb 215 Top-Rated Value Stocks For 2023
Feb 09American Equity Investment Life: Takeover Candidate + 15% Buyback Yield
Jan 11American Equity Investment Life jumps on report of Prosperity Life takeover bid
Dec 20American Equity Investment Life Holding's (NYSE:AEL) Upcoming Dividend Will Be Larger Than Last Year's
Nov 24
Here's Why American Equity Investment Life Holding (NYSE:AEL) Has Caught The Eye Of Investors
Nov 14American Equity Q3 2022 Earnings Preview
Nov 07American Equity's Growth Strategy: Playing Out According To Plan
Jun 14American Equity: Satisfactory Forward Returns, Option On Interest Rates
Sep 04Financial Position Analysis
Short Term Liabilities: AEL's short term assets ($11.5B) exceed its short term liabilities ($6.6B).
Long Term Liabilities: AEL's short term assets ($11.5B) do not cover its long term liabilities ($70.3B).
Debt to Equity History and Analysis
Debt Level: AEL has more cash than its total debt.
Reducing Debt: AEL's debt to equity ratio has reduced from 35.3% to 28.4% over the past 5 years.
Debt Coverage: AEL's debt is well covered by operating cash flow (455.7%).
Interest Coverage: AEL's interest payments on its debt are well covered by EBIT (7.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/02 02:04 |
| End of Day Share Price | 2024/05/02 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
American Equity Investment Life Holding Company is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Bergman | Citigroup Inc |
| Andrew Kligerman | Credit Suisse |
| Thomas Gallagher | Evercore ISI |