Cementos Argos Balance Sheet Health
Financial Health criteria checks 2/6
Cementos Argos has a total shareholder equity of COP9,075.0B and total debt of COP7,076.4B, which brings its debt-to-equity ratio to 78%. Its total assets and total liabilities are COP19,510.7B and COP10,435.7B respectively. Cementos Argos's EBIT is COP1,558.6B making its interest coverage ratio 2. It has cash and short-term investments of COP1,017.1B.
Key information
78.0%
Debt to equity ratio
Col$7.08t
Debt
Interest coverage ratio | 2x |
Cash | Col$1.02t |
Equity | Col$9.07t |
Total liabilities | Col$10.44t |
Total assets | Col$19.51t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CEMARGOS's short term assets (COP3,982.7B) do not cover its short term liabilities (COP4,231.6B).
Long Term Liabilities: CEMARGOS's short term assets (COP3,982.7B) do not cover its long term liabilities (COP6,204.1B).
Debt to Equity History and Analysis
Debt Level: CEMARGOS's net debt to equity ratio (66.8%) is considered high.
Reducing Debt: CEMARGOS's debt to equity ratio has reduced from 79.6% to 78% over the past 5 years.
Debt Coverage: CEMARGOS's debt is well covered by operating cash flow (30.5%).
Interest Coverage: CEMARGOS's interest payments on its debt are not well covered by EBIT (2x coverage).