iA Financial Balance Sheet Health
Financial Health criteria checks 4/6
iA Financial has a total shareholder equity of CA$7.3B and total debt of CA$3.3B, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are CA$105.7B and CA$98.4B respectively. iA Financial's EBIT is CA$1.4B making its interest coverage ratio 23.1. It has cash and short-term investments of CA$2.5B.
Key information
44.7%
Debt to equity ratio
CA$3.28b
Debt
| Interest coverage ratio | 23.1x |
| Cash | CA$2.51b |
| Equity | CA$7.33b |
| Total liabilities | CA$98.39b |
| Total assets | CA$105.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IAFN.F's short term assets (CA$6.1B) exceed its short term liabilities (CA$2.4B).
Long Term Liabilities: IAFN.F's short term assets (CA$6.1B) do not cover its long term liabilities (CA$96.0B).
Debt to Equity History and Analysis
Debt Level: IAFN.F's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: IAFN.F's debt to equity ratio has increased from 39.5% to 44.7% over the past 5 years.
Debt Coverage: IAFN.F's debt is well covered by operating cash flow (69.5%).
Interest Coverage: IAFN.F's interest payments on its debt are well covered by EBIT (23.1x coverage).