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CI Financial Corp Balance Sheet 2021-2011 | CIXX
Brief overview of CI Financial Corp's assets and capital
Balance sheet changes are traced across five available annual reports between 2017 and 2021.
Assets rose from 4.6 billion CAD to 8.7 billion CAD, a gain of +90.3%, while CAGR was about 17.5%. The balance sheet expanded rapidly.
Liability growth of +182.7% exceeded asset growth of +90.3%, increasing reliance on outside funding.
Given the financial profile, the capital cushion is the main focus. It covers 18.7% of assets versus five periods ago.
The balance sheet carries negative retained earnings of -226.7 million CAD. The figure may result from accumulated losses or an active capital return policy.
Overall picture
CI Financial Corp's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet CI Financial Corp
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-57 M | -407 M | -45.8 M | 1.53 B | 994 M | 726 M | 503 M | 256 M | 380 M | 570 M | 317 M |
Long Term Debt |
154 M | 61.3 M | 61.2 M | 1.5 B | 896 M | 759 M | 557 M | 305 M | 299 M | 570 M | 523 M |
Long Term Debt Current |
20.2 M | 14.9 M | 11.3 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | 2.89 B | 1.7 B | 2.05 B | 1.47 B | 1.2 B | 976 M | 707 M | 715 M | 973 M | 909 M |
Total Liabilities |
7.04 B | 4.74 B | 2.87 B | 2.86 B | 2.49 B | 1.71 B | 1.4 B | 1.11 B | 1.27 B | 1.3 B | 1.46 B |
Retained Earnings |
-227 M | -288 M | -474 M | -721 M | -340 M | -167 M | -86.8 M | -84.7 M | -183 M | -303 M | -362 M |
Total Assets |
8.66 B | 6.36 B | 4.37 B | 4.29 B | 4.55 B | 3.46 B | 3.3 B | 3.02 B | 3.09 B | 2.97 B | 3.08 B |
Cash and Cash Equivalents |
231 M | 484 M | 118 M | - | - | - | - | - | - | - | - |
Book Value |
1.62 B | 1.62 B | 1.5 B | 1.43 B | 2.06 B | 1.75 B | 1.9 B | 1.91 B | 1.82 B | 1.68 B | 1.62 B |
Total Shareholders Equity |
1.62 B | 1.62 B | 1.5 B | - | - | - | - | - | - | - | - |
All numbers in CAD currency
Quarterly Balance Sheet CI Financial Corp
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | 154 M | - | - | - | 61.3 M | - | - | - | 61.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
- | - | - | - | 7.04 B | - | - | - | 4.74 B | - | - | - | 2.87 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | - | - | -227 M | - | - | - | -288 M | - | - | - | -474 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
- | - | - | - | 8.66 B | - | - | - | 6.36 B | - | - | - | 4.37 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
- | - | - | - | 231 M | - | - | - | 484 M | - | - | - | 118 M | - | - | - | 137 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
- | - | - | - | 1.62 B | - | - | - | 1.62 B | - | - | - | 1.5 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
- | - | - | - | 1.62 B | - | - | - | 1.62 B | - | - | - | 1.5 B | - | - | - | 1.42 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in CAD currency
Balance Sheet is a fundamental financial report of CI Financial Corp, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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