Legal & General Group Balance Sheet Health
Financial Health criteria checks 2/6
Legal & General Group has a total shareholder equity of £3.9B and total debt of £28.3B, which brings its debt-to-equity ratio to 722.6%. Its total assets and total liabilities are £526.5B and £522.6B respectively. Legal & General Group's EBIT is £1.5B making its interest coverage ratio 4.1. It has cash and short-term investments of £15.8B.
Key information
722.6%
Debt to equity ratio
UK£28.28b
Debt
| Interest coverage ratio | 4.1x |
| Cash | UK£15.81b |
| Equity | UK£3.91b |
| Total liabilities | UK£522.61b |
| Total assets | UK£526.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGGN.Y's short term assets (£81.1B) exceed its short term liabilities (£72.4B).
Long Term Liabilities: LGGN.Y's short term assets (£81.1B) do not cover its long term liabilities (£450.2B).
Debt to Equity History and Analysis
Debt Level: LGGN.Y's net debt to equity ratio (318.8%) is considered high.
Reducing Debt: LGGN.Y's debt to equity ratio has increased from 584.1% to 722.6% over the past 5 years.
Debt Coverage: LGGN.Y's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: LGGN.Y's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 08:54 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Legal & General Group Plc is covered by 41 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pierre-Yves Gauthier | AlphaValue |
| Larissa Van Deventer | Barclays |
| Andrew Broadfield | Barclays |