Corteva Balance Sheet Health
Financial Health criteria checks 5/6
Corteva has a total shareholder equity of $25.4B and total debt of $4.7B, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are $41.5B and $16.0B respectively. Corteva's EBIT is $2.0B making its interest coverage ratio -89.9. It has cash and short-term investments of $2.0B.
Key information
18.6%
Debt to equity ratio
US$4.72b
Debt
| Interest coverage ratio | -89.9x |
| Cash | US$1.96b |
| Equity | US$25.42b |
| Total liabilities | US$16.04b |
| Total assets | US$41.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTVA's short term assets ($15.4B) exceed its short term liabilities ($9.0B).
Long Term Liabilities: CTVA's short term assets ($15.4B) exceed its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: CTVA's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: CTVA's debt to equity ratio has increased from 8.2% to 18.6% over the past 5 years.
Debt Coverage: CTVA's debt is well covered by operating cash flow (44.7%).
Interest Coverage: CTVA earns more interest than it pays, so coverage of interest payments is not a concern.