Corteva Balance Sheet Health
Financial Health criteria checks 5/6
Corteva has a total shareholder equity of $25.0B and total debt of $5.7B, which brings its debt-to-equity ratio to 22.9%. Its total assets and total liabilities are $41.9B and $16.9B respectively. Corteva's EBIT is $1.8B making its interest coverage ratio 148.1. It has cash and short-term investments of $2.5B.
Key information
22.9%
Debt to equity ratio
US$5.72b
Debt
| Interest coverage ratio | 148.1x |
| Cash | US$2.49b |
| Equity | US$24.98b |
| Total liabilities | US$16.93b |
| Total assets | US$41.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2X0's short term assets ($15.6B) exceed its short term liabilities ($10.4B).
Long Term Liabilities: 2X0's short term assets ($15.6B) exceed its long term liabilities ($6.5B).
Debt to Equity History and Analysis
Debt Level: 2X0's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: 2X0's debt to equity ratio has increased from 14.7% to 22.9% over the past 5 years.
Debt Coverage: 2X0's debt is well covered by operating cash flow (41%).
Interest Coverage: 2X0's interest payments on its debt are well covered by EBIT (148.1x coverage).