Corpay Balance Sheet Health
Financial Health criteria checks 4/6
Corpay has a total shareholder equity of $3.3B and total debt of $6.8B, which brings its debt-to-equity ratio to 206.9%. Its total assets and total liabilities are $15.8B and $12.5B respectively. Corpay's EBIT is $1.7B making its interest coverage ratio 4.7. It has cash and short-term investments of $1.3B.
Key information
206.9%
Debt to equity ratio
US$6.79b
Debt
| Interest coverage ratio | 4.7x |
| Cash | US$1.35b |
| Equity | US$3.28b |
| Total liabilities | US$12.55b |
| Total assets | US$15.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CPAY34's short term assets ($7.4B) exceed its short term liabilities ($7.0B).
Long Term Liabilities: CPAY34's short term assets ($7.4B) exceed its long term liabilities ($5.6B).
Debt to Equity History and Analysis
Debt Level: CPAY34's net debt to equity ratio (165.9%) is considered high.
Reducing Debt: CPAY34's debt to equity ratio has increased from 127.9% to 206.9% over the past 5 years.
Debt Coverage: CPAY34's debt is well covered by operating cash flow (23.2%).
Interest Coverage: CPAY34's interest payments on its debt are well covered by EBIT (4.7x coverage).