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
No updates
Recent updates
Financial 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).