IGM Financial (IGM Financial) Debt-to-Equity

: 1.09 (As of Dec. 2023)

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IGM Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,713 Mil. IGM Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,697 Mil. IGM Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,965 Mil. IGM Financial's debt to equity for the quarter that ended in Dec. 2023 was 1.09.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for IGM Financial's Debt-to-Equity or its related term are showing as below:

IGIFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.09 Med: 1.75 Max: 2.03
Current: 1.09

During the past 13 years, the highest Debt-to-Equity Ratio of IGM Financial was 2.03. The lowest was 1.09. And the median was 1.75.

IGIFF's Debt-to-Equity is ranked worse than
88.13% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs IGIFF: 1.09

IGM Financial Debt-to-Equity Historical Data

The historical data trend for IGM Financial's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.02

1.70

1.14

1.09

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.14	1.08	1.24	1.23	1.09

Competitive Comparison

For the Asset Management subindustry, IGM Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

IGM Financial Debt-to-Equity Distribution

For the Asset Management industry and Financial Services sector, IGM Financial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where IGM Financial's Debt-to-Equity falls into.

IGM Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IGM Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1713.207	+	3696.578)	/	4964.566
	=	1.09

IGM Financial's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1713.207	+	3696.578)	/	4964.566
	=	1.09

IGM Financial (OTCPK:IGIFF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

IGM Financial Debt-to-Equity Related Terms

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IGM Financial (IGM Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (OTCPK:IGIFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

C7G:Germany IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (IGM Financial) Headlines

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