Covestro Balance Sheet Health
Financial Health criteria checks 3/6
Covestro has a total shareholder equity of €6.6B and total debt of €3.4B, which brings its debt-to-equity ratio to 51.8%. Its total assets and total liabilities are €13.7B and €7.1B respectively. Covestro's EBIT is €156.0M making its interest coverage ratio 1.9. It has cash and short-term investments of €745.0M.
Key information
51.8%
Debt to equity ratio
€3.44b
Debt
Interest coverage ratio | 1.9x |
Cash | €745.00m |
Equity | €6.65b |
Total liabilities | €7.08b |
Total assets | €13.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1COV's short term assets (€6.0B) exceed its short term liabilities (€3.3B).
Long Term Liabilities: 1COV's short term assets (€6.0B) exceed its long term liabilities (€3.7B).
Debt to Equity History and Analysis
Debt Level: 1COV's net debt to equity ratio (40.5%) is considered high.
Reducing Debt: 1COV's debt to equity ratio has increased from 18.6% to 51.8% over the past 5 years.
Debt Coverage: 1COV's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 1COV's interest payments on its debt are not well covered by EBIT (1.9x coverage).