Great-West Lifeco Balance Sheet Health
Financial Health criteria checks 3/6
Great-West Lifeco has a total shareholder equity of CA$29.5B and total debt of CA$9.2B, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are CA$680.0B and CA$650.5B respectively. Great-West Lifeco's EBIT is CA$3.5B making its interest coverage ratio 4.1. It has cash and short-term investments of CA$162.2B.
Key information
31.2%
Debt to equity ratio
CA$9.21b
Debt
Interest coverage ratio | 4.1x |
Cash | CA$162.18b |
Equity | CA$29.53b |
Total liabilities | CA$650.48b |
Total assets | CA$680.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRWT.F's short term assets (CA$191.5B) exceed its short term liabilities (CA$7.5B).
Long Term Liabilities: GRWT.F's short term assets (CA$191.5B) do not cover its long term liabilities (CA$643.0B).
Debt to Equity History and Analysis
Debt Level: GRWT.F has more cash than its total debt.
Reducing Debt: GRWT.F's debt to equity ratio has increased from 22.9% to 31.2% over the past 5 years.
Debt Coverage: GRWT.F's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: GRWT.F's interest payments on its debt are well covered by EBIT (4.1x coverage).