Concentrix Balance Sheet Health
Financial Health criteria checks 2/6
Concentrix has a total shareholder equity of $4.2B and total debt of $4.9B, which brings its debt-to-equity ratio to 118.3%. Its total assets and total liabilities are $12.2B and $8.0B respectively. Concentrix's EBIT is $761.6M making its interest coverage ratio 2.2. It has cash and short-term investments of $246.2M.
Key information
118.3%
Debt to equity ratio
US$4.93b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$246.24m |
| Equity | US$4.17b |
| Total liabilities | US$8.04b |
| Total assets | US$12.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CO8's short term assets ($2.9B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: CO8's short term assets ($2.9B) do not cover its long term liabilities ($6.2B).
Debt to Equity History and Analysis
Debt Level: CO8's net debt to equity ratio (112.4%) is considered high.
Reducing Debt: CO8's debt to equity ratio has reduced from 142.9% to 118.3% over the past 5 years.
Debt Coverage: CO8's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: CO8's interest payments on its debt are not well covered by EBIT (2.2x coverage).