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Manulife Financial Corp (TSE:MFC)
TSX:MFC
Canadian Market
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Manulife Financial (MFC) Ratios

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Manulife Financial Ratios

TSE:MFC's free cash flow for Q2 2025 was C$0.26. For the 2025 fiscal year, TSE:MFC's free cash flow was decreased by C$ and operating cash flow was C$0.17. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.00 88.82 0.06 1.35 1.68
Quick Ratio
0.00 88.82 0.12 2.88 3.58
Cash Ratio
0.00 19.13 0.05 1.27 1.59
Solvency Ratio
<0.01 <0.01 >-0.01 0.49 0.36
Operating Cash Flow Ratio
0.00 27.56 0.05 1.31 1.22
Short-Term Operating Cash Flow Coverage
0.00 34.38 27.04 0.00 0.00
Net Current Asset Value
C$ -926.22BC$ -761.03BC$ -771.96BC$ 9.26BC$ 11.00B
Leverage Ratios
Debt-to-Assets Ratio
0.01 0.01 0.01 0.01 0.02
Debt-to-Equity Ratio
0.27 0.27 0.23 0.21 0.27
Debt-to-Capital Ratio
0.21 0.21 0.18 0.17 0.21
Long-Term Debt-to-Capital Ratio
0.21 0.20 0.18 0.17 0.21
Financial Leverage Ratio
19.61 18.51 15.52 16.05 17.08
Debt Service Coverage Ratio
4.09 4.60 -0.21 8.36 6.28
Interest Coverage Ratio
4.93 12.73 7.48 5.38 3.09
Debt to Market Cap
0.19 0.24 0.28 0.25 0.32
Interest Debt Per Share
8.68 7.79 7.18 6.63 7.82
Net Debt to EBITDA
-1.40 -0.13 4.33 -1.11 -1.41
Profitability Margins
Gross Profit Margin
32.25%55.42%100.00%100.00%100.00%
EBIT Margin
18.85%16.43%-13.65%15.27%10.31%
EBITDA Margin
15.74%22.01%-10.26%16.15%11.16%
Operating Profit Margin
16.22%40.59%66.07%9.09%4.73%
Pretax Profit Margin
15.56%13.24%-20.53%13.58%8.78%
Net Profit Margin
12.70%11.21%-13.74%11.12%6.91%
Continuous Operations Profit Margin
13.27%11.50%-12.95%11.55%7.23%
Net Income Per EBT
81.63%84.67%66.92%81.93%78.66%
EBT Per EBIT
95.92%32.61%-31.08%149.38%185.66%
Return on Assets (ROA)
0.62%0.62%-0.25%0.73%0.60%
Return on Equity (ROE)
11.91%11.55%-3.84%11.64%10.33%
Return on Capital Employed (ROCE)
0.79%2.26%2.04%0.60%0.42%
Return on Invested Capital (ROIC)
0.00%1.96%-6.64%1.72%1.14%
Return on Tangible Assets
0.63%0.63%-0.25%0.73%0.61%
Earnings Yield
8.40%10.17%-4.55%14.22%12.11%
Efficiency Ratios
Receivables Turnover
0.00 0.00 10.56 46.24 53.41
Payables Turnover
0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
18.15 0.00 8.14 33.02 41.69
Asset Turnover
0.05 0.06 0.02 0.07 0.09
Working Capital Turnover Ratio
0.00 -0.36 -0.09 6.90 9.01
Cash Conversion Cycle
0.00 0.00 34.58 7.89 6.83
Days of Sales Outstanding
0.00 0.00 34.58 7.89 6.83
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
0.00 0.00 0.00 0.00 0.00
Operating Cycle
0.00 0.00 34.58 7.89 6.83
Cash Flow Ratios
Operating Cash Flow Per Share
16.73 11.14 8.71 11.92 10.33
Free Cash Flow Per Share
16.73 11.14 8.71 11.92 10.33
CapEx Per Share
0.00 0.00 0.00 0.00 0.00
Free Cash Flow to Operating Cash Flow
1.00 1.00 1.00 1.00 1.00
Dividend Paid and CapEx Coverage Ratio
8.88 6.87 5.97 9.26 8.57
Capital Expenditure Coverage Ratio
0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Coverage Ratio
2.15 1.60 1.35 1.95 1.43
Operating Cash Flow to Sales Ratio
0.60 0.42 1.09 0.39 0.26
Free Cash Flow Yield
39.96%38.03%36.05%49.45%45.60%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
11.91 9.83 -21.96 7.03 8.25
Price-to-Sales (P/S) Ratio
1.50 1.10 3.02 0.78 0.57
Price-to-Book (P/B) Ratio
1.45 1.14 0.84 0.82 0.85
Price-to-Free Cash Flow (P/FCF) Ratio
2.50 2.63 2.77 2.02 2.19
Price-to-Operating Cash Flow Ratio
2.52 2.63 2.77 2.02 2.19
Price-to-Earnings Growth (PEG) Ratio
0.69 -0.03 0.17 0.34 1.35
Price-to-Fair Value
1.45 1.14 0.84 0.82 0.85
Enterprise Value Multiple
8.15 4.87 -25.08 3.73 3.69
Enterprise Value
61.10B 52.26B 39.33B 36.09B 31.79B
EV to EBITDA
8.15 4.87 -25.08 3.73 3.69
EV to Sales
1.28 1.07 2.57 0.60 0.41
EV to Free Cash Flow
2.14 2.56 2.37 1.56 1.59
EV to Operating Cash Flow
2.14 2.56 2.37 1.56 1.59
Tangible Book Value Per Share
23.64 20.95 24.01 459.89 439.88
Shareholders’ Equity Per Share
29.15 25.79 28.65 29.44 26.56
Tax and Other Ratios
Effective Tax Rate
0.15 0.13 0.37 0.15 0.18
Revenue Per Share
27.86 26.58 8.00 30.81 39.73
Net Income Per Share
3.54 2.98 -1.10 3.43 2.74
Tax Burden
0.82 0.85 0.67 0.82 0.79
Interest Burden
0.83 0.81 1.50 0.89 0.85
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.10 0.09 0.51 0.13 0.10
Stock-Based Compensation to Revenue
0.00 <0.01 <0.01 <0.01 <0.01
Income Quality
4.53 3.64 -8.40 3.35 3.60
Currency in CAD
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