Cosmos Insurance Company Balance Sheet Health
Financial Health criteria checks 6/6
Cosmos Insurance Company has a total shareholder equity of €10.9M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €30.5M and €19.6M respectively. Cosmos Insurance Company's EBIT is €2.2M making its interest coverage ratio 28.9. It has cash and short-term investments of €15.1M.
Key information
0%
Debt to equity ratio
€0
Debt
| Interest coverage ratio | 28.9x |
| Cash | €15.06m |
| Equity | €10.89m |
| Total liabilities | €19.61m |
| Total assets | €30.49m |
Financial Position Analysis
Short Term Liabilities: COS's short term assets (€20.1M) exceed its short term liabilities (€12.5M).
Long Term Liabilities: COS's short term assets (€20.1M) exceed its long term liabilities (€7.1M).
Debt to Equity History and Analysis
Debt Level: COS is debt free.
Reducing Debt: COS has no debt compared to 5 years ago when its debt to equity ratio was 1%.
Debt Coverage: COS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: COS has no debt, therefore coverage of interest payments is not a concern.