Manulife Financial Corporation reported the following measures for 2012 and 2011: ......................................................2012..............2011 Debt to total assets.................. 94.6%.............

Question:

Manulife Financial Corporation reported the following measures for 2012 and 2011:

......................................................2012..............2011

Debt to total assets.................. 94.6%............. 94.6%

Times interest earned .............0.8 times........ 1.0 times

Cash total debt coverage.......... 0.2 times........ 0.2 times

Free cash flow (in millions)....... $10,347........ $10,151

Is Manulife's solvency improving or deteriorating? Explain.

Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...