Cementos Argos Balance Sheet Health
Financial Health criteria checks 5/6
Cementos Argos has a total shareholder equity of COP12,481.7B and total debt of COP4,985.0B, which brings its debt-to-equity ratio to 39.9%. Its total assets and total liabilities are COP19,878.9B and COP7,397.2B respectively. Cementos Argos's EBIT is COP1,577.8B making its interest coverage ratio 2.1. It has cash and short-term investments of COP2,664.7B.
Key information
39.9%
Debt to equity ratio
Col$4.98t
Debt
Interest coverage ratio | 2.1x |
Cash | Col$2.66t |
Equity | Col$12.48t |
Total liabilities | Col$7.40t |
Total assets | Col$19.88t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CEMARGOSCL's short term assets (COP4,476.2B) exceed its short term liabilities (COP3,160.0B).
Long Term Liabilities: CEMARGOSCL's short term assets (COP4,476.2B) exceed its long term liabilities (COP4,237.2B).
Debt to Equity History and Analysis
Debt Level: CEMARGOSCL's net debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: CEMARGOSCL's debt to equity ratio has reduced from 84.6% to 39.9% over the past 5 years.
Debt Coverage: CEMARGOSCL's debt is well covered by operating cash flow (40.2%).
Interest Coverage: CEMARGOSCL's interest payments on its debt are not well covered by EBIT (2.1x coverage).