COFACE Balance Sheet Health
Financial Health criteria checks 3/6
COFACE has a total shareholder equity of €2.1B and total debt of €3.7B, which brings its debt-to-equity ratio to 181.4%. Its total assets and total liabilities are €7.9B and €5.8B respectively. COFACE's EBIT is €406.5M making its interest coverage ratio 11.9. It has cash and short-term investments of €1.3B.
Key information
181.4%
Debt to equity ratio
€3.72b
Debt
Interest coverage ratio | 11.9x |
Cash | €1.32b |
Equity | €2.05b |
Total liabilities | €5.85b |
Total assets | €7.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 65C's short term assets (€5.0B) exceed its short term liabilities (€4.7B).
Long Term Liabilities: 65C's short term assets (€5.0B) exceed its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: 65C's net debt to equity ratio (117%) is considered high.
Reducing Debt: 65C's debt to equity ratio has increased from 162.3% to 181.4% over the past 5 years.
Debt Coverage: 65C's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: 65C's interest payments on its debt are well covered by EBIT (11.9x coverage).