Insurance Australia Group Balance Sheet Health
Financial Health criteria checks 5/6
Insurance Australia Group has a total shareholder equity of A$7.0B and total debt of A$2.5B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are A$25.0B and A$17.9B respectively. Insurance Australia Group's EBIT is A$1.5B making its interest coverage ratio 8.8. It has cash and short-term investments of A$12.9B.
Key information
36.1%
Debt to equity ratio
AU$2.54b
Debt
Interest coverage ratio | 8.8x |
Cash | AU$12.92b |
Equity | AU$7.03b |
Total liabilities | AU$17.92b |
Total assets | AU$24.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IAUG.Y's short term assets (A$20.0B) exceed its short term liabilities (A$407.0M).
Long Term Liabilities: IAUG.Y's short term assets (A$20.0B) exceed its long term liabilities (A$17.5B).
Debt to Equity History and Analysis
Debt Level: IAUG.Y has more cash than its total debt.
Reducing Debt: IAUG.Y's debt to equity ratio has increased from 30.2% to 36.1% over the past 5 years.
Debt Coverage: IAUG.Y's debt is well covered by operating cash flow (38.1%).
Interest Coverage: IAUG.Y's interest payments on its debt are well covered by EBIT (8.8x coverage).