Insurance Australia Group Balance Sheet Health
Financial Health criteria checks 4/6
Insurance Australia Group has a total shareholder equity of A$7.1B and total debt of A$2.5B, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are A$25.6B and A$18.5B respectively. Insurance Australia Group's EBIT is A$1.7B making its interest coverage ratio 9.1. It has cash and short-term investments of A$1.8B.
Key information
35.1%
Debt to equity ratio
AU$2.50b
Debt
| Interest coverage ratio | 9.1x |
| Cash | AU$1.84b |
| Equity | AU$7.12b |
| Total liabilities | AU$18.50b |
| Total assets | AU$25.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IAUG.Y's short term assets (A$9.1B) exceed its short term liabilities (A$1.2B).
Long Term Liabilities: IAUG.Y's short term assets (A$9.1B) do not cover its long term liabilities (A$17.3B).
Debt to Equity History and Analysis
Debt Level: IAUG.Y's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: IAUG.Y's debt to equity ratio has increased from 29.9% to 35.1% over the past 5 years.
Debt Coverage: IAUG.Y's debt is well covered by operating cash flow (72%).
Interest Coverage: IAUG.Y's interest payments on its debt are well covered by EBIT (9.1x coverage).