Grupo Argos Balance Sheet Health
Financial Health criteria checks 3/6
Grupo Argos has a total shareholder equity of COP27,789.4B and total debt of COP13,661.6B, which brings its debt-to-equity ratio to 49.2%. Its total assets and total liabilities are COP49,402.3B and COP21,612.9B respectively. Grupo Argos's EBIT is COP4,163.5B making its interest coverage ratio 2.3. It has cash and short-term investments of COP2,246.7B.
Key information
49.2%
Debt to equity ratio
Col$13.66t
Debt
Interest coverage ratio | 2.3x |
Cash | Col$2.25t |
Equity | Col$27.79t |
Total liabilities | Col$21.61t |
Total assets | Col$49.40t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRUPOARGOS's short term assets (COP10,038.6B) exceed its short term liabilities (COP8,321.7B).
Long Term Liabilities: GRUPOARGOS's short term assets (COP10,038.6B) do not cover its long term liabilities (COP13,291.2B).
Debt to Equity History and Analysis
Debt Level: GRUPOARGOS's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: GRUPOARGOS's debt to equity ratio has reduced from 61.8% to 49.2% over the past 5 years.
Debt Coverage: GRUPOARGOS's debt is well covered by operating cash flow (31.7%).
Interest Coverage: GRUPOARGOS's interest payments on its debt are not well covered by EBIT (2.3x coverage).