Corpay Balance Sheet Health
Financial Health criteria checks 4/6
Corpay has a total shareholder equity of $3.1B and total debt of $7.9B, which brings its debt-to-equity ratio to 253.6%. Its total assets and total liabilities are $17.6B and $14.5B respectively. Corpay's EBIT is $1.7B making its interest coverage ratio 4.5. It has cash and short-term investments of $1.3B.
Key information
253.6%
Debt to equity ratio
US$7.90b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$1.32b |
| Equity | US$3.11b |
| Total liabilities | US$14.52b |
| Total assets | US$17.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 07G0's short term assets ($8.8B) exceed its short term liabilities ($8.3B).
Long Term Liabilities: 07G0's short term assets ($8.8B) exceed its long term liabilities ($6.2B).
Debt to Equity History and Analysis
Debt Level: 07G0's net debt to equity ratio (211.1%) is considered high.
Reducing Debt: 07G0's debt to equity ratio has increased from 114.7% to 253.6% over the past 5 years.
Debt Coverage: 07G0's debt is well covered by operating cash flow (25.4%).
Interest Coverage: 07G0's interest payments on its debt are well covered by EBIT (4.5x coverage).