Comet Holding Balance Sheet Health
Financial Health criteria checks 6/6
Comet Holding has a total shareholder equity of CHF299.2M and total debt of CHF59.8M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are CHF483.4M and CHF184.2M respectively. Comet Holding's EBIT is CHF23.0M making its interest coverage ratio 220.8. It has cash and short-term investments of CHF84.6M.
Key information
20.0%
Debt to equity ratio
CHF 59.82m
Debt
| Interest coverage ratio | 220.8x |
| Cash | CHF 84.64m |
| Equity | CHF 299.21m |
| Total liabilities | CHF 184.17m |
| Total assets | CHF 483.38m |
Recent financial health updates
These 4 Measures Indicate That Comet Holding (VTX:COTN) Is Using Debt Reasonably Well
Apr 22
Comet Holding (VTX:COTN) Seems To Use Debt Quite Sensibly
Nov 16These 4 Measures Indicate That Comet Holding (VTX:COTN) Is Using Debt Safely
Jun 11Is Comet Holding (VTX:COTN) A Risky Investment?
Sep 23We Think Comet Holding (VTX:COTN) Can Manage Its Debt With Ease
Jun 15Is Comet Holding (VTX:COTN) A Risky Investment?
Mar 16Recent updates
What Is Comet Holding AG's (VTX:COTN) Share Price Doing?
Dec 11There's Been No Shortage Of Growth Recently For Comet Holding's (VTX:COTN) Returns On Capital
Nov 14Why Comet Holding AG (VTX:COTN) Could Be Worth Watching
Jun 05The Returns On Capital At Comet Holding (VTX:COTN) Don't Inspire Confidence
May 23These 4 Measures Indicate That Comet Holding (VTX:COTN) Is Using Debt Reasonably Well
Apr 22Is Comet Holding AG (VTX:COTN) Trading At A 43% Discount?
Mar 20Why Comet Holding AG (VTX:COTN) Could Be Worth Watching
Feb 09The Return Trends At Comet Holding (VTX:COTN) Look Promising
Jan 13Comet Holding AG's (VTX:COTN) Intrinsic Value Is Potentially 45% Above Its Share Price
Dec 13Comet Holding (VTX:COTN) Seems To Use Debt Quite Sensibly
Nov 16What Is Comet Holding AG's (VTX:COTN) Share Price Doing?
Nov 03Comet Holding (VTX:COTN) Is Experiencing Growth In Returns On Capital
Sep 27Is Comet Holding AG (VTX:COTN) Trading At A 34% Discount?
Aug 10At CHF227, Is Comet Holding AG (VTX:COTN) Worth Looking At Closely?
Jul 26Comet Holding (VTX:COTN) Is Achieving High Returns On Its Capital
Jun 25These 4 Measures Indicate That Comet Holding (VTX:COTN) Is Using Debt Safely
Jun 11Is Now The Time To Put Comet Holding (VTX:COTN) On Your Watchlist?
Apr 28At CHF227, Is It Time To Put Comet Holding AG (VTX:COTN) On Your Watch List?
Apr 10Comet Holding (VTX:COTN) Has Announced That It Will Be Increasing Its Dividend To CHF3.70
Mar 28Is There Now An Opportunity In Comet Holding AG (VTX:COTN)?
Jan 10Comet Holding (VTX:COTN) Is Reinvesting To Multiply In Value
Dec 14Is Now The Time To Look At Buying Comet Holding AG (VTX:COTN)?
Oct 12Is Comet Holding (VTX:COTN) A Risky Investment?
Sep 23Comet Holding (VTX:COTN) Knows How To Allocate Capital
Sep 07Should You Think About Buying Comet Holding AG (VTX:COTN) Now?
Jul 03We Think Comet Holding (VTX:COTN) Can Manage Its Debt With Ease
Jun 15We Like Comet Holding's (VTX:COTN) Returns And Here's How They're Trending
May 31Comet Holding (VTX:COTN) Is Increasing Its Dividend To CHF3.50
Mar 28Is Comet Holding (VTX:COTN) A Risky Investment?
Mar 16There's Been No Shortage Of Growth Recently For Comet Holding's (VTX:COTN) Returns On Capital
Feb 27At CHF300, Is Comet Holding AG (VTX:COTN) Worth Looking At Closely?
Jan 23Here's Why I Think Comet Holding (VTX:COTN) Is An Interesting Stock
Dec 10Comet Holding (VTX:COTN) Might Have The Makings Of A Multi-Bagger
Nov 27We Think Comet Holding (VTX:COTN) Can Manage Its Debt With Ease
Nov 14Financial Position Analysis
Short Term Liabilities: COTN's short term assets (CHF271.2M) exceed its short term liabilities (CHF82.3M).
Long Term Liabilities: COTN's short term assets (CHF271.2M) exceed its long term liabilities (CHF101.9M).
Debt to Equity History and Analysis
Debt Level: COTN has more cash than its total debt.
Reducing Debt: COTN's debt to equity ratio has reduced from 41.3% to 20% over the past 5 years.
Debt Coverage: COTN's debt is well covered by operating cash flow (52%).
Interest Coverage: COTN's interest payments on its debt are well covered by EBIT (220.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 20:38 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Comet Holding AG is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Reto Amstalden | Baader Helvea Equity Research |
| Michael Studer | Bank am Bellevue |
| Michael Foeth | Bank Vontobel AG |