IGM Financial (IGM Financial) Debt-to-Asset : 0.39 (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

What is IGM Financial Debt-to-Asset?

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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $13,911 Mil. IGM Financial's debt to asset for the quarter that ended in Dec. 2023 was 0.39.

IGM Financial Debt-to-Asset Historical Data

The historical data trend for IGM Financial's Debt-to-Asset 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 Debt-to-Asset Chart

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

Get a 7-Day Free Trial

0.59

0.53

0.42

0.37

0.39

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-Asset	Get a 7-Day Free Trial															0.37	0.36	0.40	0.40	0.39

Competitive Comparison of IGM Financial's Debt-to-Asset

For the Asset Management subindustry, IGM Financial's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Asset Management Industry

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

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

IGM Financial Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1713.207	+	3696.578)	/	13911.212
	=	0.39

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1713.207	+	3696.578)	/	13911.212
	=	0.39

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

IGM Financial Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of IGM Financial's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

IGM Financial (IGM Financial) Business Description

Industry

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

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

From GuruFocus

Mackenzie Investments Selects Bloomberg to Streamline and Automate ETF Management

By PRNewswire PRNewswire • 10-26-2021

CAMRADATA 2022 IQ Awards Recognize Multiple Mackenzie Investments Strategies

By PRNewswire PRNewswire • 03-23-2022