Great-West Lifeco Balance Sheet Health
Financial Health criteria checks 3/6
Great-West Lifeco has a total shareholder equity of CA$30.9B and total debt of CA$9.1B, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are CA$749.6B and CA$718.7B respectively. Great-West Lifeco's EBIT is CA$8.4B making its interest coverage ratio 2.2. It has cash and short-term investments of CA$172.1B.
Key information
29.6%
Debt to equity ratio
CA$9.14b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$172.06b |
| Equity | CA$30.87b |
| Total liabilities | CA$718.69b |
| Total assets | CA$749.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRWT.F's short term assets (CA$198.1B) exceed its short term liabilities (CA$5.3B).
Long Term Liabilities: GRWT.F's short term assets (CA$198.1B) do not cover its long term liabilities (CA$713.4B).
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 25.4% to 29.6% over the past 5 years.
Debt Coverage: GRWT.F's debt is well covered by operating cash flow (41.6%).
Interest Coverage: GRWT.F's interest payments on its debt are not well covered by EBIT (2.2x coverage).