Covestro Balance Sheet Health
Financial Health criteria checks 4/6
Covestro has a total shareholder equity of €6.7B and total debt of €2.8B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are €13.9B and €7.2B respectively. Covestro's EBIT is €76.0M making its interest coverage ratio 1. It has cash and short-term investments of €539.0M.
Key information
42.5%
Debt to equity ratio
€2.84b
Debt
| Interest coverage ratio | 1x |
| Cash | €539.00m |
| Equity | €6.67b |
| Total liabilities | €7.20b |
| Total assets | €13.86b |
Recent financial health updates
Covestro (ETR:1COV) Takes On Some Risk With Its Use Of Debt
Mar 20
Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?
Dec 01Is Covestro (ETR:1COV) Using Too Much Debt?
Aug 21Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?
May 02Is Covestro (ETR:1COV) A Risky Investment?
Jan 19Is Covestro (ETR:1COV) Using Too Much Debt?
Sep 14Recent updates
Covestro AG's (ETR:1COV) Intrinsic Value Is Potentially 96% Above Its Share Price
Jun 17Covestro AG Just Missed Earnings; Here's What Analysts Are Forecasting Now
May 06Covestro (ETR:1COV) Takes On Some Risk With Its Use Of Debt
Mar 20Is Covestro AG (ETR:1COV) Trading At A 38% Discount?
Feb 01Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?
Dec 01Should You Investigate Covestro AG (ETR:1COV) At €47.18?
Nov 13Are Investors Undervaluing Covestro AG (ETR:1COV) By 50%?
Oct 08Is Covestro (ETR:1COV) Using Too Much Debt?
Aug 21Is It Time To Consider Buying Covestro AG (ETR:1COV)?
Jul 31An Intrinsic Calculation For Covestro AG (ETR:1COV) Suggests It's 27% Undervalued
Jun 25Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?
May 02Are Investors Undervaluing Covestro AG (ETR:1COV) By 50%?
Feb 04Is Covestro (ETR:1COV) A Risky Investment?
Jan 19Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?
Dec 12Estimating The Intrinsic Value Of Covestro AG (ETR:1COV)
Oct 23Is Covestro (ETR:1COV) Using Too Much Debt?
Sep 14Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?
Aug 18Is Covestro (ETR:1COV) Using Too Much Debt?
Jun 16Is Now The Time To Look At Buying Covestro AG (ETR:1COV)?
May 11Covestro (ETR:1COV) Will Pay A Larger Dividend Than Last Year At €3.40
Apr 20Covestro's (ETR:1COV) Dividend Will Be Increased To €3.40
Apr 06Is Now The Time To Look At Buying Covestro AG (ETR:1COV)?
Feb 09Covestro (ETR:1COV) Seems To Use Debt Rather Sparingly
Dec 29When Should You Buy Covestro AG (ETR:1COV)?
Oct 27Is It Time To Consider Buying Covestro AG (ETR:1COV)?
Jul 08Is Covestro (ETR:1COV) A Risky Investment?
Jun 23An Intrinsic Calculation For Covestro AG (ETR:1COV) Suggests It's 32% Undervalued
May 10We Think Shareholders May Want To Consider A Review Of Covestro AG's (ETR:1COV) CEO Compensation Package
Apr 09Is Now An Opportune Moment To Examine Covestro AG (ETR:1COV)?
Mar 28Here's Why Covestro (ETR:1COV) Can Manage Its Debt Responsibly
Mar 14What Type Of Shareholders Make Up Covestro AG's (ETR:1COV) Share Registry?
Mar 01Is Covestro AG (ETR:1COV) A Strong Dividend Stock?
Feb 16Is Covestro AG (ETR:1COV) Trading At A 50% Discount?
Feb 03Did You Participate In Any Of Covestro's (ETR:1COV) Fantastic 125% Return ?
Jan 20
Covestro AG's (ETR:1COV) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Jan 05How Is Covestro's (ETR:1COV) CEO Compensated?
Dec 21Is It Too Late To Consider Buying Covestro AG (ETR:1COV)?
Dec 08Is Covestro AG (ETR:1COV) Popular Amongst Institutions?
Nov 25Financial Position Analysis
Short Term Liabilities: 1COV's short term assets (€6.1B) exceed its short term liabilities (€3.6B).
Long Term Liabilities: 1COV's short term assets (€6.1B) exceed its long term liabilities (€3.6B).
Debt to Equity History and Analysis
Debt Level: 1COV's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: 1COV's debt to equity ratio has increased from 19.2% to 42.5% over the past 5 years.
Debt Coverage: 1COV's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 1COV's interest payments on its debt are not well covered by EBIT (1x coverage).