Manulife Financial (MLU) Ratios
Manulife Financial Ratios
DE:MLU's free cash flow for Q2 2026 was $9.08B. For the 2026 fiscal year, DE:MLU's free cash flow was increased by $0.00 and operating cash flow was $9.08B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.12 | 196.35 | 38.99 | 0.00 | 0.00 |
| Quick Ratio | 2.12 | 196.35 | 38.99 | 0.00 | 0.00 |
| Cash Ratio | 0.62 | 56.93 | 23.87 | 0.00 | 0.00 |
| Solvency Ratio | 0.00 | 0.00 | 0.00 | -0.00 | 0.01 |
| Operating Cash Flow Ratio | 0.75 | 58.49 | 34.38 | 0.00 | 0.00 |
| Short-Term Operating Cash Flow Coverage | 18.44 | 0.00 | 34.38 | 27.04 | 0.00 |
| Net Current Asset Value | $ -882.10B | $ -836.91B | $ -803.69B | $ -771.96B | $ -834.89B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt-to-Equity Ratio | 0.29 | 0.27 | 0.27 | 0.26 | 0.20 |
| Debt-to-Capital Ratio | 0.22 | 0.22 | 0.21 | 0.21 | 0.17 |
| Long-Term Debt-to-Capital Ratio | 0.20 | 0.22 | 0.20 | 0.21 | 0.17 |
| Financial Leverage Ratio | 20.12 | 18.99 | 18.51 | 18.14 | 15.71 |
| Debt Service Coverage Ratio | 1.76 | 3.60 | 2.67 | -1.44 | 8.36 |
| Interest Coverage Ratio | 4.64 | 4.22 | 4.15 | -2.99 | 8.04 |
| Debt to Market Cap | 0.17 | 0.18 | 0.24 | 0.28 | 0.25 |
| Interest Debt Per Share | 9.52 | 8.91 | 7.79 | 7.02 | 6.63 |
| Net Debt to EBITDA | -1.77 | -1.60 | -0.22 | 1.91 | -1.11 |
| Profitability Margins | |||||
| Gross Profit Margin | 25.51% | 33.15% | 32.34% | 4.24% | 42.24% |
| EBIT Margin | 16.27% | 19.24% | 18.92% | -8.84% | 15.27% |
| EBITDA Margin | 12.82% | 15.94% | 15.57% | -15.08% | 16.15% |
| Operating Profit Margin | 13.38% | 15.55% | 15.25% | -13.29% | 13.58% |
| Pretax Profit Margin | 13.38% | 15.55% | 15.25% | -13.29% | 13.58% |
| Net Profit Margin | 10.91% | 12.35% | 12.91% | -8.89% | 11.12% |
| Continuous Operations Profit Margin | 11.43% | 12.90% | 13.25% | -8.38% | 11.55% |
| Net Income Per EBT | 81.51% | 79.42% | 84.67% | 66.92% | 81.93% |
| EBT Per EBIT | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Return on Assets (ROA) | 0.56% | 0.58% | 0.62% | -0.25% | 0.73% |
| Return on Equity (ROE) | 11.35% | 10.93% | 11.55% | -4.49% | 11.40% |
| Return on Capital Employed (ROCE) | 0.72% | 0.72% | 0.74% | -0.37% | 0.89% |
| Return on Invested Capital (ROIC) | 0.62% | 0.56% | 0.67% | -0.76% | 2.42% |
| Return on Tangible Assets | 0.57% | 0.58% | 0.63% | -0.25% | 0.73% |
| Earnings Yield | 6.81% | 7.17% | 10.17% | -4.55% | 14.22% |
| Efficiency Ratios | |||||
| Receivables Turnover | 0.97 | 0.00 | 0.00 | 16.31 | 46.24 |
| Payables Turnover | 0.00 | 0.00 | 0.00 | 1.66 | 2.85 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | -1.27 |
| Fixed Asset Turnover | 20.15 | 17.05 | 0.00 | 12.58 | 33.02 |
| Asset Turnover | 0.05 | 0.05 | 0.05 | 0.03 | 0.07 |
| Working Capital Turnover Ratio | 0.78 | 0.82 | 1.96 | 1.06 | 3.91 |
| Cash Conversion Cycle | 375.35 | 0.00 | 0.00 | -197.80 | -407.33 |
| Days of Sales Outstanding | 375.35 | 0.00 | 0.00 | 22.38 | 7.89 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | -287.09 |
| Days of Payables Outstanding | 0.00 | 0.00 | 0.00 | 220.18 | 128.13 |
| Operating Cycle | 375.35 | 0.00 | 0.00 | 22.38 | -279.20 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 18.85 | 14.89 | 11.14 | 8.71 | 11.92 |
| Free Cash Flow Per Share | 18.85 | 14.89 | 11.14 | 8.71 | 11.92 |
| Dividend Paid and CapEx Coverage Ratio | 9.71 | 8.39 | 6.87 | 5.97 | 9.26 |
| Capital Expenditure Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Cash Flow Coverage Ratio | 2.19 | 1.87 | 1.60 | 1.35 | 1.95 |
| Operating Cash Flow to Sales Ratio | 0.61 | 0.58 | 0.48 | 0.70 | 0.39 |
| Free Cash Flow Yield | 37.83% | 33.72% | 38.03% | 36.05% | 49.45% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 16.18 | 15.49 | 9.83 | -21.96 | 7.03 |
| Price-to-Sales (P/S) Ratio | 1.60 | 1.72 | 1.27 | 1.95 | 0.78 |
| Price-to-Book (P/B) Ratio | 1.67 | 1.52 | 1.14 | 0.99 | 0.80 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 2.64 | 2.97 | 2.63 | 2.77 | 2.02 |
| Price-to-Operating Cash Flow Ratio | 2.64 | 2.97 | 2.63 | 2.77 | 2.02 |
| Price-to-Earnings Growth (PEG) Ratio | 2.01 | 1.77 | -0.03 | 0.17 | 0.34 |
| Enterprise Value Multiple | 10.72 | 9.21 | 7.93 | -11.04 | 3.73 |
| Enterprise Value | 72.85B | 66.93B | 52.26B | 39.33B | 36.09B |
| EV to EBITDA | 10.72 | 9.21 | 7.93 | -11.04 | 3.73 |
| EV to Sales | 1.37 | 1.47 | 1.24 | 1.67 | 0.60 |
| EV to Free Cash Flow | 2.27 | 2.53 | 2.56 | 2.37 | 1.56 |
| EV to Operating Cash Flow | 2.27 | 2.53 | 2.56 | 2.37 | 1.56 |
| Tangible Book Value Per Share | 23.58 | 23.56 | 20.95 | 24.01 | 25.21 |
| Shareholders’ Equity Per Share | 29.92 | 28.97 | 25.79 | 24.50 | 30.08 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.15 | 0.17 | 0.13 | 0.37 | 0.15 |
| Revenue Per Share | 31.13 | 25.62 | 23.07 | 12.36 | 30.81 |
| Net Income Per Share | 3.40 | 3.17 | 2.98 | -1.10 | 3.43 |
| Tax Burden | 0.82 | 0.79 | 0.85 | 0.67 | 0.82 |
| Interest Burden | 0.82 | 0.81 | 0.81 | 1.50 | 0.89 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.09 | 0.11 | 0.10 | 0.16 | 0.13 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 5.30 | 4.51 | 3.64 | -8.40 | 3.35 |
Currency in CAD