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
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 04Credit Suisse rates AEL Outperform on shift in mix, yield potential
Dec 15American Equity Investment Life increases dividend by ~7% to $0.32
Nov 16Financial 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).